Available PropertyFiles:

/1. Information Memorandum/
- Wakefield Street, 181_Information Memorandum.pdf
/2. Seismic information/
- (a) King & Dawson NBS 27 Feb 2023.pdf
- (b) King & Dawson Strengthening Concept 20 Oct 2023.pdf
- (c) WCC Seismic Work_Code Compliance 498659.pdf
- (d) PS4_10692_.pdf
- (e) Approved Docs Strengthening 10692.pdf
- (f) Preliminary Scope of Works_Egmont Dix_.pdf
/3. Leases/
- (a) Fuji DOL 11 Jun 2010.pdf
- (b) Fuji ROR 2019.pdf
- (c) EDMI DO Variation 21 Nov 23.pdf
- (d) EDMI DOL 2 Dec 2014.pdf
- (e) EDMI Variation 27 Mar 2023.pdf
- (f) At Home DOL 25 Nov 2008.pdf
- (g) At Home Assignment 15 Jan 2013.pdf
- (h) At Home ROR Feb 2022.pdf
/4. Floorplans/
- 181 Wakefield Floorplans.pdf
/5. LIM/
- LIM_REPORT_SR539379_181WakefieldStreet.pdf
/6. Asbestos Management Plan/
- W-00573 - 181 Wakefield Street - Asbestos Management.pdf

Property Description

A rare opportunity to add value to a substantial five level office and accommodation building directly adjoining Wellington's new convention centre - Takina.

With a shortage of accommodation in the CBD this building is ripe for a hotel conversion, or an expansion of the 13 penthouse apartments currently on site. The 900sqm site has a generous Height Limit (up to 42 metres) which would accommodate development of the airspace and take advantage of the potential harbour views.
Two of the four office floors are leased as character offices and, combined with 13 penthouse apartments the building produces a holding net income of approx. $350,000pa + GST.

• Convert to hotel or apartments, or retain as character offices.
• Large floor plates, generous ceiling heights and good natural light
• Substantial 5 level building with NLA of 3,571sqm plus holding income of approx
$350,000pa + GST
• Adjoins Takina - Wellington's busy new convention centre

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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 Grant Young

Capital Commercial 2013 Limited

Licensed REAA 2008

+64 4 499 6022 +64 21 988 613 grant.young@bayleys.co.nz All Listings

Contact Mark Hourigan

Capital Commercial (2013) Limited, Bayleys,