WELLINGTON

Tender

11489 sqm

The property comprises an attractive modern 11 level office building including high profile ground floor retail. Constructed in the late 1980's for KPMG the building enjoys a very prominent position on a corner site on the southern side of Wellington's Central Business District. It enjoys very good natural light and a vibrant outlook.
Its income is underpinned by Government or Quasi Government tenants that occupy over 70% of the building. The building is likely to also show meaningful rental growth wi Over 70% leased to Government / Quasi Government

Fully leased - 10 tenants

Future rental growth on $2,167,596pa

Modern, large floor plates - good carparking

COMMERCIAL/IND/RETAIL

Commercial, Industrial and Retail Leasing

Bayleys’ commercial leasing team prides itself on providing a service that ranges from helping smaller tenants into premises of 100 square metres upwards to relocating major corporates into purpose-built office towers. This ability to cover the full spectrum of the commercial leasing market allows a continuity of service to tenants as their accommodation needs change with business growth.

Bayleys industrial leasing team also covers a range of sectors across the market.

Our specialist national retail team was developed to deliver superior service to a variety of clients from smaller businesses to large, and to tenants who occupy a variety of retail outlets from small shops to shopping centres.

If you're looking to lease property please use our property search on the left hand side of this screen. If you would like to contact one of our agents press navigate to the Team section under Commercial/Industrial from the drop down menu under Our Services.

LATEST NEWS:

NEW RETAIL AND OFFICE DEVELOPMENT UNDER CONSTRUCTION IN

CENTRAL QUEENSTOWN

A major marketing campaign has been launched to lease up the first of two new buildings in Queenstown that will add thousands of square metres of retail and office space to the compact tourist resort town’s central business district. [More...]

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West Auckland accounting firm Butts Bainbridge & Weir will anchor a new office and retail complex being created in a refurbished building directly behind Westfield’s WestCity shopping mall in Henderson. [More...]

NEW TAUPO SHOPPING CENTRE ATTRACTS RETAILERS

The fourth stage of Taupo’s newest retail development, Totara Point Shopping Centre is now being leased with the tourist town showing a virtually nil retail vacancy rate in its central business district area. [More...]

SIGNIFICANT CHANGES IN AUCKLAND OFFICE LEASING MARKET

With the vacancy level for prime office space at an all-time low in Auckland, the balance of power in this sector of the market is shifting back in favour of landlords says Bayleys Real Estate’s corporate leasing manger Chris Urry. [more...]