Commercial Investment and Due Diligence website



Diversified Income | Quay Investment

CBRE New Zealand is proud to present 204 Thorndon Quay, Pipitea, Wellington for sale. 
The property is of podium and tower design, comprising a four storey (plus basement) podium with a four storey tower above, and was constructed circa 1977.
The property is situated on the eastern side of Thorndon Quay, being approximately one kilometre to the north of the Wellington Central Business District. The building has recently undergone seismic strengthening and extensive refurbishment to a contemporary standard with significant internal upgrading of the entry lobby and office floors.
204 Thorndon Quay has a gross floor area of approximately 6,640sqm, providing a net lettable area of 4,554sqm and is 94.6% occupied. There are 56 on-site covered car parks. The building has a seismic rating of 70% NBS (New Building Standard). The property has a WALT of 2.3 years with key tenants including Consumer NZ, Ministry of Education, New Zealand Defence and Hutt Valley District Health Board.
CBRE strongly recommends your early consideration of this outstanding investment opportunity. 
Investment highlights include:
  • Diversified income stream
  • Seismically upgraded to 70% NBS
  • Modern contemporary fit-out
  • 56 covered on-site car parks
  • 913sqm freehold land
  • NLA of 4,554sqm (approx.)
  • Net income $890,417 (approx.) plus GST per annum
  • High profile location with great outloook and natural light


For Sale by Deadline Private Treaty, closing Wednesday 16th November 2016, at 4pm (unless sold prior).

Please note: New documents may be uploaded to the electronic data room throughout the campaign. Such documents will be contained in a folder labelled ‘New Uploads’.