STRIKING CBD OFFICE TOWER

95 Customhouse Quay, Wellington CBD

Investment / Office For Sale

For Sale by Deadline Private Treaty closing at 3:00 13 Sep 2017 (Unless sold prior)    Tenanted Investment
Land Area: 1,268.00 m2.    Floor Area: 8,770.00 m2.    

Car Spaces: 60   

The Todd Building

Description

The Todd Building is a striking, north facing, office tower located close to Wellington’s waterfront and Lambton Quay’s ‘Golden Mile’.   Designed by leading architects Craig Craig Moller, the Todd Building shares an island site with its sister building (the ASB Tower) and the Huddart Parker Building.

The property occupies a ‘dress circle’ spot on the corner of Customhouse Quay, Hunter Street and Post Office Square and is home to several well-known corporations including Todd Energy, Oracle and Kiwibank.  The orientation of the building affords fabulous views over the harbour, city and the town belt beyond. 

All the office floors, along with the expansive entrance foyer, have been refurbished in recent years and the building has a seismic rating of 75% of new building standard. Buildings located on the waterfront have some of the highest occupancies and rentals in the Wellington CBD office market and are always in demand among tenants.  These factors, along with the collection of big-name office and retail tenants make makes the 16 level tower an impressive investment proposition.

 

Features

  • 16 level office & retail building
  • Net lettable area circa 8,770sqm
  • Strong tenant covenant
  • 60 secure, on-site car parks
  • Harbour views from upper floors
  • Passing Net Income $2,181,886.00 p.a (approx.)

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