Richard Findlay

Colliers International have been exclusively appointed to market for sale Public Trust Tower, 22-28 Willeston Street, Wellington. The property is being sold by way of Private Treaty. 

The Public Trust Tower is a 16-storey commercial building which is 85% NBS (DSA dated May 2021). Comprising 14 levels of office accommodation, eight ground floor retail shops and a large basement with 12 secure car parks and a further outdoor space. Levels 1-6 are large podium floors with net lettable areas of circa 1,000-1,200m² each. Levels 7-14 are smaller tower floors with excellent views across the harbour and back towards Lambton Quay. They are circa 380-450m² each and can be split easily into smaller suites. 

The building was originally constructed in circa 1982 for the owner occupier Colonial Mutual Life. It was converted into unit title office floors in 2004 by The Wellington Company and sold off to investors and owner occupiers. 

In 2018 CapitalGroup purchased all of the titles and condensed them into single ownership. With one owner, the building has flourished with successful leasing in Level 14 (Digital Nomad), Level 3 (Ministry of Foreign Affairs and Trade), Levels 2 and 8 (Public Trust), Retail Shop 4 (Dilmah Tea), basement gym (Snap Fitness). The building foyer has recently undergone a full refurbishment and facilities management has improved significantly. 

There are three street frontages which benefits multiple retail tenants. The corner of Customhouse Quay is directly opposite Wellington's golden mile and the retail shops along Willeston Street and Victoria Street benefit have high pedestrian counts and excellent profile. 

Offers are to be delivered to the Colliers International Wellington email 

Please contact one of the nominated brokers to arrange an inspection.

A modern two story office building located on the corner of Collingwood and Halifax Street in the heart of Nelson.  This high profile property has excellent natural light with modern office space to the ground and first floor and 22 secure ground floor carparks. 

The property is only a few minutes’ walk from Trafalgar street and the Courts.  Nelson is demonstrating remarkable resilience to the global headwinds we are starting to see. The widely diversified drivers of Nelson GDP are stable, population growth is consistent as NZ discovers what a remarkable place to live Nelson is, and the move to regional and lifestyle living has underpinned a fantastic performance for Nelson Property in this category. 

The property was constructed for ACC in 2007 to a very high standard. This included precast tilt slab and masonry walls, concrete foundations and a steel roofing. 

Significant office leasing in the last couple of years has occurred on the Nelson Ring Road, which is effectively Collingwood St, Halifax St, Rutherford and Selwyn.  

The ACC building occupies a corner site on the ring road. With a northerly outlook and a controlled intersection in front. 

There is superb vehicle and pedestrian access to the building, market leading profile and local amenity with pools and parks close by.  

119 Ghuznee Street is an office building with real street appeal. Located at the western end of Ghuznee Street in Wellington, the property is fully leased to four tenants being New Zealand Film Commission, NZ On Air, Master Plumbers Association and DB Breweries providing an approximate net income of $451,189 plus GST per annum.

Sitting on a land area of 897 sqm, 119 Ghuznee provides character office space over three floors plus a small ground floor warehouse. Pedestrian access to the property is off Ghuznee Street to a light-filled foyer with stair and lift access to the tenancies. Vehicle access to the property is off Ghuznee Street, which is close to the motorway off-ramp, inner-city bypass and has generous car parking on-site.

Originally built in 1961 the building has a seismic rating of 90% NBS as specifying as of April 2014. The building is constructed of concrete foundations, floors with concrete and steel framing and brick infill walls, metal-framed windows and a metal roof.

Rarely do standalone fully leased buildings with generous on-site car parking become available for sale. This property is a Te Aro trophy investment to add to your portfolio.

Please make contact with Sam McIlroy or Richard Findlay for more information or to arrange a time to view.

Sam McIlroy

021 730 100

Richard Findlay

021 620 188