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110 Featherston Street, Wellington Central, Wellington City, Wellington

CBD Investment Opportunity | Character Office Building

110 Featherston Street presents a unique opportunity to acquire an attractive investment grade building, centrally located in the Capitals CBD. The building occupies a prominent corner site on the intersection of Featherston, Ballance and Maginnity Streets. This is a sought after office location and is adjacent to the Government Precinct.

110 Featherston Street is a character Wellington CBD office tower, with 100% occupancy, predominantly occupied by Government tenants and a WALT of approximately 3.5 years.

110 Featherston Street, Wellington offers investors a diversified income stream, along with a significant future development potential to a high rise commercial or mixed-use development (this proposal would be subject to authority approval).

* 100% occupied, predominantly occupied by Government tenants
* Net Passing Income: $2,761,519 per annum plus GST
* A-Grade seismic rating
* Development potential upside
* Potential rental growth
* Efficient floor plates of 1,150sqm

CBRE is offering 110 Featherston Street, Wellington to the market by way of an International Expressions of Interest (EOI) campaign. Prospective purchasers are invited to submit an EOI no later than 4pm (NZST) Wednesday 30th May 2018 and all offers must be provided to CBRE, the exclusive agent.

Property Id: 1354808Q2

Last Updated: 5/07/18

Listing Summary
Categories: Office
Contract Type: Sale
Floor Area: 9015 m²
Land Area: 1567 m²
Price: Expressions of Interest
Contact Information
Agent 1 Image

Matthew St Amand

Managing Director
Agent 1 Image

Bill Leckie

Senior Director

CBRE - Wellington

ASB Bank Tower
Level 12, 2 Hunter Street
Wellington 6011

PO Box 5053
Wellington 6145