Mortgagee Sale: Add-Value Opportunity

CBRE (Agency) Limited presents to the market 141 The Terrace, Wellington Central instructed by the mortgagee. This is an exceptional opportunity to acquire a 17-level office tower situated above a two-storey retail podium in Wellington’s CBD core. With dual access from both The Terrace and Lambton Quay, this property benefits from its proximity to the Golden Mile which is Wellington’s premier retail precinct.

The property comprises a Net Lettable Area (NLA) of some 8,825sqm on a shared interest site of 1,726sqm (more or less). Level 15 has recently been refurbished and the upper levels enjoy abundant natural light and stunning harbour views. This asset offers a unique opportunity to refurbish and reposition, driving an opportunity for enhanced income and capital appreciation.

Investment highlights include:

• 17-level CBD Office Tower
• Net Lettable Area: 8,825sqm (approx.)
• Gross holding income: $1,582,264pa + GST (approx.)
• Excellent natural light and outlook from upper floors
• 550sqm (approx.) floors
• Stratum in Freehold
• City Centre Zone

This is a great opportunity to acquire a prominent office tower located in the heart of Wellington’s CBD, offering significant upside and value-add potential. Accordingly, CBRE strongly recommends your early consideration of this investment opportunity and encourages interested parties to get in touch without delay.

The property is being offered for sale by Deadline Private Treaty closing 4pm on Thursday 8 October 2026. All enquiries, including arrangements for inspections, should be directed to one of the nominated exclusive CBRE brokers.