Commercial
More from realestate.co.nz:
Agents News

Institutional-grade Student Accommodation (PBSA) - Wellington, New Zealand

222 Willis Street, Wellington Central

Hotel Motel Leisure
dollar

POA

Floor area
8833m2
Land area
2187m2
Covered park
8
On this page:

Map

Property details

Listing # L39987055 | Listed on 10 August

Positioned in the heart of Wellington's education precinct, 222 Willis
Street presents one of New Zealand's most significant Student
Accommodation investment opportunities. With 283 beds in 167
apartments, the property delivers secure cashflow, guaranteed
growth and offers investors exposure to the rapidly growing tertiary
accommodation sector. With international student numbers
continuing to recover and the supply of new PBSA remaining
constrained, 222 Willis Street represents a rare opportunity to
acquire a large-scale institutional-quality asset.

Key Features:

  • 283-bed student accommodation facility
  • Leased to Victoria University & Capital Fitness Ltd
  • Net Rental Income: $2,777,303 per annum (+GST)
  • Fixed annual rental increases of 2.75%pa

For sale by negotiation - for more information, contact the Sole Agents

Your notes
Add notes for your personal reference. This can only be seen by you.
Contact the agent
Name  (required)
Email  (required)
Phone  (required)
I'd like to enquire about:
Your message

By continuing, you agree to our terms of use and privacy statement.