Occupying a prime CBD location this 17-level office building has great bones and is nearly 100% leased.
Lease expiries in 2023/24 provide the opportunity to reposition multiple floors through upgrading and refurbishment.
There is an opportunity here to capitalise on the buoyant state of the office market and reap the benefit of rising rentals and record-low vacancy rates.
To obtain copies of all supplementary documents please register your details at www.propertyfiles.co.nz/property/141theterrace
• Striking 17-level office tower
• Core CBD location with access via Lambton Quay and The Terrace
• Current rental circa $960,464 pa net with 3,195 sqm vacant add value upside
• Future add-value potential through refurbishment and leasing up vacancy