202 Thorndon Quay, Pipitea, Wellington

Receivership sale - income with upside

Under instruction from the Receivers, we present 202 Thorndon Quay - a character, three-storey commercial building comprising a ground-floor showroom leased to a well known retail store, upper-level office suites, and 18 on-site covered car parks.

Refurbished in the early 2000s, the property features polished timber floors, highstud ceilings, exposed brickwork, air-conditioning, and a lift servicing all levels. It offers strong street presence to Thorndon Quay and benefits from excellent natural light throughout.

With a current net income of approximately $295,628pa + GST per annum and potential to grow to $435,000pa + GST, this is an outstanding add-value opportunity in a tightly held city fringe location, close to Parliament and the CBD.

Instructions are clear - present all offers.

To obtain a copy of all supplementary documents please register your interest at www.propertyfiles.co.nz/property/202thorndonquay

• Current net income is approximately $295,628pa + GST
• Significant rental upside from existing vacancies
• Character fit-out with natural timber floors