Unparalleled Opportunity | Outstanding Investment

40-48, Willis Street, Wellington Central, Wellington

Expressions Of Interest

Proposed Usage
Development Site
Floor Area
28000.00 m²
Land Area
3658.00 m²
Description:
Property ID
1c23h3w

CBRE, as exclusive agent, is pleased to offer for sale one of the highest quality office assets in New Zealand.

The sale of Spark Central presents an unparalleled opportunity to acquire one of the largest and comprehensively specified office assets in the Wellington CBD. The modern building is an attractive institutional grade investment, occupied by corporate tenants; centrally located in the heart of the city offering investors a diversified income stream. With an A+ grade seismic rating and a Net Passing Income of approximately $14.4 million per annum (plus GST), Spark Central is an outstanding investment opportunity of scale.

* Rare investment offering
* Net lettable area of 28,000sqm (approx).
* WALT of 5.4 years
* A+ grade seismic rating
* 5 Green Star environmental rating
* Prominent location
* Strong tenant covenant
* Large efficient floor plates of up to 2,800sqm
* Net passing income: $14.4m (approx). per annum plus GST

CBRE is offering Spark Central 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) Thursday 5th July 2018 and all offers must be provided to CBRE, the exclusive agent.

This is a rare investment offer for your consideration. For further information or to arrange an inspection, please contact the CBRE team.

Enquire about this property

Wellington Central Area