CBD Investment Opportunity | Character Office ...
110, Featherston Street, Wellington Central, Wellington
Expressions Of Interest
- Proposed Usage
- Floor Area
- 9015.00 m²
- Land Area
- 1567.00 m²
- Property ID
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.