LONG LEASES + LAND

107-121, Adelaide Road, Newtown, Newtown, Wellington

Price On Application

Proposed Usage
Office
Floor Area
3320.00 m²
Land Area
2480.00 m²
Description:
Property ID
1c6hll8



107-121 Adelaide Road is a rare chance to secure a fully leased building (CCDHB, Blind Foundation, P3 Research) along with the adjoining car park.

The WALT is approx. 9.27 years with market rent reviews. Adelaide Road is a fast transforming part of Wellington and this offering is a chance to obtain a significant land holding.

Braille House comprises a three storey building with a balcony on level 2 and basement car parking and was built circa 1987. Essentially the building comprises two interconnected units providing large floor plates totaling 3,297.14m² (netlettable) which are used for office accommodation. The building sits on the corner of Adelaide Road and Drummond Street, with pedestrian access off Adelaide Road with vehicular access to the basement car parking off Drummond Street.

The adjoining site to the north is a sealed yard used for car parking for the office tenants.

 

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Newtown Area