As Exclusive Agents, CBRE New Zealand is proud to present 120 Featherston Street, Wellington Central for sale.
The property consists of a nine-level, plus basement, commercial building offering approximately 300sqm floor plates with the larger podium levels being approximately 477sqm. The Net Lettable Area (NLA) of the building is some 3,045sqm and is ripe for residential conversion or full refurbishment and repositioning.
The property is centrally located within the CBD, a short distance from the Government precinct along with all central city amenities and the waterfront. The building is situated on a high-profile freehold corner site of 545sqm (more or less) and currently generates a holding income of approximately $741,643pa plus GST (gross).
The property is being offered for sale by Deadline Private Treaty, closing Wednesday 30 October 2024 at 4pm (unless sold prior). Offers are to be submitted on the prescribed form which can be downloaded via the Electronic Data Room.
CBRE strongly recommends your early consideration of this outstanding add-value or conversation opportunity and encourages interested parties to get in touch without delay.
For further information, please contact Matt, Dharmendra or Rick.
