The King of Courtenay Precinct

7-23, Allen Street and 10-24 Blair Street, Te Aro, Wellington

Tender

Proposed Usage
Industrial
Floor Area
6629.00 m²
Land Area
3263.00 m²
Description:
Property ID
1c67zdq

The Exchange Building - Full of presence and character.

Formally known as The Exchange Building, this large parcel of land and building is truly a unique opportunity.

Its the first time in over 100 years to be presented to the market and it showcases the rich history and character a building like this holds.

The properties have undergone a recent seismic upgrade to now have a NBS rating of 80%.

As an investment proposal, the property has a strong WALT of 3.66 years, from 20 different tenants over 5 different income streams.

Anchor tenants to only name a few include Monsoon Poon, Little Indian, Kura and Ora Galleries, Haines Recruitment, Catch Design and Government SOE Landcorp.

This property will not disappoint you - from a casual walk through to understanding the history and reviewing the financials.

For the full detailed property Information Memorandum and tenancy details please call or email Fraser Press or Mark Hourigan.

Features:
• Net income - approx $1,600,000
• NBS rating - 80% in 2018
• Tenants - 20 tenants including anchor tenants Monsoon Poon and Landcorp
• Dual street frontages of Allen and Blair Streets, Courtenay Place
• 39 underground car parks

To obtain copies of the supplementary documents please register your details at http://www.propertyfiles.co.nz/property/exchange. Request access and you will be provided the available documents.

Enquire about this property

Te Aro Area