124 Dixon Street, Te Aro, Wellington City fringe investment with long-term upside
TweetAvailable PropertyFiles:
- /1. Information Memorandum/
- Information Memorandum - 124 Dixon Street.pdf
- /2. Title/
- 3267383-1_Unit 3.pdf
- 3267384-1_Unit 5.pdf
- 3267385-1_Unit 4.pdf
- 3267386-1_Unit 2.pdf
- 3267387-1_Unit 1.pdf
- 3268287-1.pdf
- /3. Plans/
- Floor plan Ground.pdf
- Floor plan level 1.pdf
- Floor plan level 2.pdf
- Floor plan level 3.pdf
- Floor plan level 4.pdf
- Rear carpark plan_.pdf
- /4. Seismic report/
- Seismic Report.pdf
- /5. Lease Documentation/
- Megabyte Deed of Lease_.pdf
- Megabyte amendment to lease - level 3 move - signed.pdf
- Milliken Lease_.pdf
- Milliken renewal_.pdf
- Oni (Gym) lease.pdf
- /6. Insurance/
- Insurance_2024.pdf
- /7. Building information/
- Asbestos Management Survey.pdf
Property Description
• Five-level commercial building (approx. 1,350sqm) with nine secure car parks• Returning $238,757 + GST p.a. (gross) from multiple tenants
• 399sqm freehold site on Wellington CBD fringe
• Surrounded by hospitality, residential, and mixed-use developments
• Strong holding income with rental upside potential
124 Dixon Street presents a superbly located freehold commercial opportunity in the heart of Wellington’s vibrant city fringe. Positioned within easy walking distance to Cuba Street, Courtenay Place, and the CBD, the property benefits from strong surrounding amenity and excellent accessibility.
Currently providing a reliable income stream, the property offers clear scope to enhance returns through lease restructuring, refurbishment, or targeted improvements. Its flexible zoning further opens the door to a range of future uses, including conversion or redevelopment, making this an attractive proposition for both add-value and longer-term investors alike.
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Terms of Supply
DISCLAIMER AND STATEMENT OF GENERAL POLICYThe 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 Luke Kershaw
Capital Commercial (2013) Limited, Bayleys,
Licensed Real Estate Agents (REAA 2008)
+64 4 499 6022 +64 21 610 093 Luke.Kershaw@bayleyswellington.co.nz All Listings
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