80 The Terrace, Wellington Central

80 The Terrace is a prominent 19-storey tower and presents investors an opportunity to acquire a centrally located, CBD asset with a value-add project upside. The 10,583sqm office tower is set back from The Terrace on a 1,993sqm (more or less) freehold site.

The significant development project required in the building affords the owner an opportunity to reposition the building. The flexibility provided by this central location can ensure alignment to a range of purposes based on the development strategy adopted.

Wellington office assets are in high demand based on the current market conditions. The potential for development can ensure that 80 The Terrace aligns with market expectations of a prime quality building. Rents continue to escalate as occupiers concentrate their requirements on higher quality and better located workplaces.

CBRE New Zealand is offering 80 The Terrace on behalf of Mt. Everest Properties Limited to the market by way of a targeted off-market Expressions of Interest (EOI) campaign. 

Prospective purchasers are invited to submit an EOI no later than 4.00pm (NZST) Wednesday 10th November 2021 and all offers must be provided to CBRE, the exclusive agents.