2-8 Jessie Street, 92-96 Vivian Street Te Aro investment with development upside
TweetAvailable PropertyFiles:
- /1. Information Memorandum/
- Jessie Street, 2-8 and Vivian Street, 92-96_Information Memorandum-min (2).pdf
- /2. Lease Documents/
- Lease Agreement - 92 Vivian Street.pdf
- /3. Seismic Information/
- 1476-01_DSA_92 Vivian St - Detailed Seismic Assessment Report_rev00.pdf
- /4. Floor Plans/
- Combined Floor Plans with areas_Page_1.jpg
- Combined Floor Plans with areas_Page_2.jpg
- Combined Floor Plans with areas_Page_3.jpg
- Combined Floor Plans with areas_Page_4.jpg
Property Description
• Four-level office building plus auditorium and vacant development site• Potential net income $625,000pa + GST (approximately) per annum
• Development opportunity: adjoining 800sqm dual-access site
This exceptional property is ideally located in the vibrant heart of Te Aro, Wellington’s creative and commercial hub. It features a fully refurbished, four-level office building with an adjoining auditorium that houses Meow Nui, Wellington’s latest venue plus a development site.
The building has a 70% NBS rating and offers a mix of income and flexibility. The ground floor includes secure parking, the first floor is fully leased to Meow Nui, with the second and third floors vacant, providing an excellent opportunity for an owner occupier or new tenant.
The property generates an existing strong rental income, with a potential net income of approximately $625,000pa + GST. Long-term lease agreement offer security and stability for investors.
Adding to its appeal is an adjoining 800sqm dual-access site, offering significant future development potential. With a 42.5m height limit, the site is suitable for a substantial mixed-use or residential project, or it could be utilised for additional car parking. This property represents a rare opportunity to acquire a secure, income-producing asset with considerable upside potential.
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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 Mark Walker
Capital Commercial (2013) Limited, Bayleys,
Licensed under the REA Act 2008
+64 4 499 6022 +64 21 320 280 mark.walker@bayleys.co.nz All Listings
Contact Sarah Lyford
Bayleys
0274970019 0274970019 sarah.lyford@bayleys.co.nz All Listings