Te Aro remains one of Wellington’s fastest growing suburbs with a superb mix of commercial buildings and large scale residential development sites. 21 Vivian Street presents a fantastic opportunity to secure a high profile site with a national tenant and future development potential.
Goodyear Tyres signed a 6-year lease from May 2022 and provide excellent customer service on Wellington’s main arterial route. They occupy the entire site which compromises ground floor office and warehouse and plus mezzanine offices and storage. There are ten carparks at the front of the property providing easy access for staff and customers. Net income $123,000 + GST p.a. (approx).
The new zoning allows for a 42.5 metre height limit, meaning there is larger scale long term for residential developers. Recent high profile apartment developments have been welcomed by Wellington City Council and urban dwellers alike, keeping the attraction of Te Aro living alive and well.
Some of Wellington’s best attractions are just a short walk away with Cuba Street, Mt Victoria and the Basin Reserve all just a short stroll from this site.
Please contact one of the exclusive joint agents for further information or to arrange an inspection.
Hamish Templeton
Investment Sales Broker
029 127 0018
hamish.templeton@colliers.com
John McKenzie
Commercial Broker
021 444 586
john@clarkandco.nz
Features:
* High profile location on SH1
* National tenant
* 10 car parks
* Future development site (35m height limit)
