Positioned on the prominent corner of Cuba and Ghuznee Streets, 141 Cuba Street presents an opportunity to secure a freehold mixed-use investment in the heart of Wellington’s established Cuba Street precinct.
The three-storey character building occupies approximately 208 m² of freehold land and comprises two ground-floor retail tenancies, occupied by restaurant Scopa and Capital Fishing together with boarding house-style accommodation across the upper two levels.
The residential component provides 15 bedrooms, comprising seven on Level 1 and eight on Level 2, with shared kitchen, bathroom and living facilities and separate secure access from Ghuznee Street.
The property provides approximately 385 m² of net lettable area and generates $307,000 per annum plus GST in gross contract rent.
Originally constructed circa 1913 and heritage listed, the property combines character, a high-profile central location and multiple income streams within one distinctive freehold holding.
*Please note all areas and values are approximate only.
For further information or to arrange an inspection, please contact:
Alistair Robertson on 021 418 647 or alistair.robertson@colliers.com
Hamish Templeton on 029 127 0018 or hamish.templeton@colliers.com
Features:
- Freehold 208 m² landholding
- Prominent Cuba and Ghuznee Street corner position
- Two established ground-floor commercial tenancies
- 15-bedroom upper-level residential accommodation
- Dual street access
- Heritage-listed character building
More information: https://www.colliers.co.nz/p-NZL67042729
