The King of Courtenay Precinct
7-23, Allen Street and 10-24 Blair Street, Te Aro, Wellington
- Proposed Usage
- Floor Area
- 6629.00 m²
- Land Area
- 3263.00 m²
- Property ID
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.
• 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.