202 Thorndon Quay is a classic character building with real street presence that offers a discerning buyer character and cashflow. Comprising ground floor retail, character office spaces and ample car parking the building has great leasing history with a net income of approximately $530,000 plus GST.
Thorndon Quay has become the destination in Wellington for homeware and designer furniture outlets while also offering business an affordable office accommodation option within close proximity to the Wellington CBD. 202 Thorndon Quay covers both these uses and is supported by a generous amount of onsite carparking adding to the appeal.
The current tenants enjoy the quality character spaces starting with the stylish lobby, polished wooden floors, high beamed ceilings and generous natural light together with uninterrupted harbours views for the north facing tenants. These views will be an asset for a future development when using the height limit of 35 metres. The ground floor retail tenant has been in the building for 20 years and the future cashflow will continue.
Colliers is pleased to offer this building for sale. For further information or to arrange a viewing please contact one of the nominated brokers.
Ref #: 20699046
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