Available PropertyFiles:

/1. Information Memorandum/
- The Terrace, 108_Information Memorandum_min.pdf
/2. Title/
- terrace_108_record of title.pdf
/3. Car Park Agreements/
- Car park agreement.pdf
/4. Level 1/
- 108T Lvl 1 - People2People - ATL 2024-27.pdf
- ATL extension 2025.pdf
/5. Level 2/
- 108T Lvl 2.4 - Yeonhee No - ATL 2021-present.pdf
- ATL 2026 - T2.6.pdf
- ATL 2026 - WWF.pdf
- Terrnace T2.9 lease.pdf
/6. Level 4/
- Lease extension 2026.pdf
/7. Level 5/
- 108T Lvl 5 - COID - ATL 2024-27 (1).pdf
- 108T Lvl 5 - Green Party - ATL 2023-27 (1).pdf
- 108T Lvl 5 - Theramas - ATL 2022-24.pdf
- Refugee Association lease (2).pdf
/8. Level 6/
- 108T Lvl 6.1 BrandMarque - ATL 2013-present.pdf
- 108T Lvl 6.12 - RAP Consulting - ATL 2020-present.pdf
- 108T Lvl 6.13 - Advance Diagnostics - ATL 2017-present (1).pdf
- 108T Lvl 6.2 - Atahaia Consulting - ATL 2017-present (1).pdf
- ATL office 2.3 & 63.pdf
- ATL office 6.7.pdf
- Cannaplus Lease (1) (1).pdf
/9. Level 7/
- Maxwell Law Lease Agreement (2).pdf
- Save the Chidren Lease1 (2)1 (2).pdf
/9a. Level 8/
- 108T Lvl 8 - NZIQS - DOR 2021-24 (1).pdf
/9b. Level 9/
- Lease extension 2026.pdf
- Terrace to Jamieson-Ackerman.pdf
/9c. Seismic/
- King and Dawson 75%NBS letter 108 The Terrace - dated 2019 (1).pdf
- the Terrace 108 seismic letter.pdf

Property Description

• 10 level office asset on corner site
• Easy rental upside through vacancy lease up
• Potential net rental over $600,000pa + GST

Positioned on a prime 718 sqm freehold corner site in the core of Wellington’s CBD, 108 The Terrace represents a strong value-add opportunity with sound property fundamentals.

This reinforced concrete building spans approximately 4,327sqm over 10 levels, features 20 secure inner-city carparks, and boasts an impressive seismic rating of 75% NBS (2019).

Currently generating a gross holding income of circa $824,000 with a 40% vacancy rate, the property offers immediate upside for proactive investors to achieve a projected net office income exceeding $600,000 through cosmetic refurbishment and lease-up.

Furthermore, the building's efficient central-core layout and abundance of natural light on all sides unlock brilliant alternative development pathways, making it a perfect canvas for a seamless conversion into apartments, student accommodation, or a boutique hotel.

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Terms of Supply

DISCLAIMER AND STATEMENT OF GENERAL POLICY
The following information has been supplied to Capital Commercial (2013) Limited (“Bayleys”) to be made available to any prospective interested parties for general information purposes only.
Bayleys and the Vendor do not warrant the accuracy or completeness of the information and recommends that all recipients make their own enquiries to their satisfaction in all respects and seek their own independent expert advice.
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Contact Mark Sherlock

Capital Commercial (2013) Limited, Bayleys,

Licensed under the REA Act 2008

+64 4 499 6022 +64 21 481 562 mark.sherlock@bayleys.co.nz All Listings

Contact Paul Cudby