Commercial property for sale

Listing ID: 43057402

Entry level investment with upside

Colliers are pleased to present this entry level leased investment to the market for sale. After a long period of ownership, the vendor have given clear instructions to sell. The property is occupied by a long standing tenant. The investment offers potential rental upside in years to come.

The property presents an opportunity for entry level commercial investors to secure an asset with a quality tenant in a proven industrial location. The site is leased to well known Christchurch business and pay a current passing rental of $84,150 + GST ( gross ) per annum.

The buildings underwent repairs and refurbishment post earthquake and consist of multiple warehouse / work shop bays, offices and staff amenities & kitchen area. The site is further complimented by a large security fenced yard.

The site is located in Woolston, being a short drive to the CBD and well connected to the port and motorway networks.

Call the sole agents to request further information or to arrange a viewing. 

For sale by Deadline Private Treaty closing 4pm, Thursday 25 June 2026 (unless sold prior).

*Boundary lines are indicative only.

Features:

• Land area: 1,334 square metres
• Building area: 770 square metres
• Passing rental: $84,150 + GST ( gross ) per annum.
• Established tenant
• Secure yard space
• Potential rental upside

More information: https://www.colliers.co.nz/p-NZL67040331

Listing ID: 43058938

$200,000 Income + Seaview home

Central Paihia.  Live Where Others Holiday.

Freehold Going Concern | Prime North-Facing Central Paihia | $2,200,000 + GST (if any)

After 10 fabulous years the current owners are retiring.  Imagine waking up every single morning to breathtaking, panoramic sea views from the private deck, knowing your asset below is completely paying its own way.

Welcome to the Austria Motel, an iconic, highly-rated accommodation establishment sitting proudly on a sun-drenched, north-facing freehold footprint right in the beating heart of Paihia.

Whether you are looking for a strategic lifestyle shift to a coastal paradise, a lucrative semi-retirement venture or a multi-generational family estate, this concrete-built property delivers the ultimate "home and income" package:

Seaviews and a sanctuary: A magnificent, sun-soaked 2/3-bedroom, 2-bathroom owner’s residence boasting sea views over the Bay of Islands.  Bring your own boat to fishing heaven.

 The Cash-Flow Machine: 6 immaculate, well-appointed first-floor studio units plus 2 spacious two-bedroom guest apartments generating reliable nightly revenue.

 Unmatched Location: Literally step out your door and walk to Paihia’s beaches, the wharf, vibrant boutique shops, and world-class dining.

The business model is running smoothly with stellar online guest reviews. Step straight in, enjoy immediate cash flow from day one, and live the ultimate Northland dream.

Opportunities of this scale in a premium coastal location don't last. Contact Hayden Rasmusen  today to receive a confidential information memorandum.

Listing ID: 43058993

Operational ready

This workshop is designed for and ready, for business. Located on Heads Road, 2206 m2 (approx) section, with a 390 m2 (approx) workshop incorporating office, sundry parts storage, amenities rooms plus mezzanine lunch room and more parts storage. Wash-down pad, generous building drive around and expansive rear yard. Tidy and functional layout with 3 x high roller doors, multiple 3 phase outlets and exterior work stations, this modern building and its location will impress. For sale $950,000 plus GST (if any).

Listing ID: 43059001

Tenanted Investment Ready for You Now

CBRE is pleased to present Unit 1, 4 Timothy Place, Wigram to the market for definite sale.

Positioned within the established Wigram industrial precinct, the property benefits from immediate access to the Southern Corridor, providing efficient connectivity to the Port, Christchurch CBD, Christchurch Airport and the wider Rolleston industrial hub.

Key Features:
-Total floor area of approximately 237sqm, comprising warehouse, mezzanine, office (ground and first floor) and amenities
-Well-positioned within a quiet cul-de-sac
-Full-height roller door access
-Two off-street car parks
-Tenanted returning $28,665 per annum + GST + OPEX

*Approx.

Contact the listing agent Paul Lawrence (027 406 7834) for further information and to schedule an inspection.

Listing ID: 43059004

Prime CBD Investment – Anchored by ASB Bank Ltd

Presenting a compelling opportunity to secure a high-profile commercial asset in the heart of the thriving West End Precinct of New Plymouth’s CBD.

The property is 100% leased to five established tenants, anchored by ASB Bank and the Ministry of Justice representing approximately 60% of total rental income.  Generating a net annual rental of $436,421 plus GST with a weighted average lease duration of over 3.5 years following several recent lease renewals and extensions, providing investors with a diversified and reliable income stream. Long-term commitments have recently been secured with key tenants including Hippie Slang which has recently entered into a new 8 year lease with further rights of renewal.

The 1,485 sqm site is improved by a mixed-use commercial building with a high quality mix of retail and office space, providing modern fitouts with a seismic rating of 75% NBS plus 20 on-site car parks.

Strategically located with three frontages in the centre of a highly sought-after pocket of the CBD. Surrounded by a dynamic mix of retail, hospitality, and professional services, and supported by a loyal local customer base, this property represents an outstanding opportunity to secure a well-positioned asset in a sought-after growth location.

For sale by way of Deadline Private Treaty, closing 4PM, Wednesday 1 July 2026 (unless sold prior).

For more information or to arrange an inspection contact:

Benet Carroll
021 028 94537

benet.carroll@colliers.com

Please note: all floor areas are approximated only.
 

Features:

• Net Annual Rental: $436,421 + GST
• Seismic Rating of 75% NBS
• Approx. 60% leased to ASB Bank Ltd and Ministry of Justice
• Built-in annual rental increases
• Robust and diversified tenant mix
• New 8 year lease to Hippie Slang Ltd
• Prime corner location in popular West-End of CBD
• 20 on-site car parks

More information: https://www.colliers.co.nz/p-NZL67039654

Listing ID: 43059098

Priced to sell. Be part of the action!

16 Roe Street presents a strategic industrial opportunity positioned at the centre of Levin's ongoing growth and infrastructure expansion. Benefitting from a uniform land configuration and significant planned roading and infrastructure upgrades throughout the surrounding area, this is a property with genuine long-term upside.

The site is improved by a substantial 776sqm workshop/pole shed facility, complete with power services and positioned on an extensive concrete slab, providing practical utility for occupiers, contractors, storage, transport, or industrial users.

The lot is currently accessed via an adjoining property at 18 Roe Street. The owners of this property have confirmed their interest to sell, allowing purchasers the option for an additional approx. 3,100sqm of industrial land if required.

Adding further flexibility, the property currently generates holding income from an established regional transport tenant, allowing purchasers the ability to develop, landbank, or occupy in the future with flexible timing options.

Positioned to benefit from major investment and growth across the wider Levin industrial precinct, this is an opportunity to secure a functional industrial asset with future upside at a highly competitive price point.

To obtain a copy of all supplementary documents please register your interest at www.propertyfiles.co.nz/16roestreet

• Uniform title in prime growth location
• Option to acquire adjoining land of approx. 3,100sqm to complete functional landholding as it is currently used
• Sold with existing pole shed and workshop - 776sqm
• Options to develop, land-bank, or occupy
• Holding income of $20,101.96pa + GST

Listing ID: 43059173

Receivership Sale - Major 9.6ha Mixed-Use Site

On behalf of the Receivers, Calibre Partners, Colliers is pleased to present for sale 261, 263 & 265 Morrin Road, St Johns — a substantial and strategically located landholding within Auckland’s established eastern suburbs.

Comprising a predominantly flat 96,121sqm site (approx) with flexible Business Mixed Use zoning, the property presents a rare opportunity to deliver a staged residential, commercial or integrated mixed-use development.

The landholding spans three individual titles and is available either in part or as a whole, offering flexibility for purchasers to acquire individual components or secure a broader, precinct-scale opportunity.

Positioned within a proven growth corridor, the site benefits from proximity to the established Stonefields and St Johns communities, with strong connectivity to Auckland’s CBD, SH1, key commercial and retail hubs, and the Eastern Suburbs’ beaches. The location is further enhanced by an outlook over Colin Maiden Park (a 20-hectare sports complex) and convenient access to amenity including Lunn Avenue, Woolworths St Johns and Pak’nSave.

Existing improvements provide holding income and potential for interim use or repositioning.

Key highlights:

• Large-scale freehold 9.6121ha (approx) landholding in established eastern Auckland location
• Business - Mixed Use zoning supporting a range of development outcomes
• Three titles available individually or together
• Predominantly flat site enabling efficient development
• Strong surrounding amenity and connectivity to CBD and SH1
• Holding income with future repositioning potential

263 Morrin Road is on its own title and includes a substantial office building with significant holding income and value add prospects. 263 Morrin Road has the potential to be purchased individually. For more information on this individual offering please visit – www.colliers.co.nz/p-NZL67040581

The property is offered for sale by International Expression of Interest closing 4pm, Wednesday 1st July 2026 (unless sold prior). Interested parties are encouraged to make contact for further information.

More information: https://www.colliers.co.nz/p-NZL67040477

Listing ID: 43059179

Receivership Sale–Quality Investment with upside

Colliers New Zealand has been exclusively appointed by Calibre Partners, the Receivers of Shundi Tamaki Village Limited (in receivership and administration) to offer for sale 263 Morrin Road, St Johns, Auckland via International Expressions of Interest closing Wednesday 1 July 2026 at 4.00pm.

Positioned prominently on Morrin Road, Building 730 (263 Morrin Road) represents the primary commercial asset within the wider holding and a compelling investment underpinned by both existing income and future leasing upside. The substantial four-level building provides approximately 10,115sqm of net lettable area on a 6,428sqm site and currently returns circa $1.29 million per annum, supported by a diverse mix of commercial and service-based tenants.

Originally developed for the University of Auckland and completed in 2004, 263 Morrin Road is constructed to a high institutional standard, featuring reinforced concrete construction, expansive floorplates, and generous common areas including large atrium-style lobbies, function spaces and integrated amenity. The scale and quality of these improvements position the asset well for continued commercial use, owner-occupation or repositioning over time.

Importantly, Building 730 presents clear value-add potential through active leasing and asset management, with a meaningful vacancy component and the flexibility to enhance income profile as the surrounding precinct evolves. With its strong profile to Morrin Road, established infrastructure and existing cashflow, the property offers a rare opportunity to secure a high-quality commercial investment with re-leasing upside within one of Auckland’s most significant urban regeneration corridors.

Key highlights:

• High-spec office comprising 10,115sqm of net lettable area
• Business - Mixed Use zoning supporting a range of development outcomes
• Repositioning upside available
• Close proximity to train and public transport
• Strong surrounding amenity and connectivity to CBD and SH1
• Land area of 6,428sqm

263 Morrin Road is on its own title and forms part of a wider Receivership sale which includes 261, 263 & 265 Morrin Road. For more information on the full offering please visit – www.colliers.co.nz/p-nzl67040477

The property is offered for sale by International Expression of Interest closing 4pm, Wednesday 1st July 2026 (unless sold prior). Interested parties are encouraged to make contact for further information.

More information: https://www.colliers.co.nz/p-NZL67040581

Listing ID: 43059297

City Fringe Investment with Mixed Use Upside

Colliers New Zealand is pleased to present 632 Great South Road, Ellerslie, for sale via Deadline Private Treaty closing Wednesday, 1st July 2026 at 4pm (unless sold prior).

This four-level freehold asset is fully leased, with an NLA of circa 2,972m² supported by 95 car parks, a very healthy ratio of 1:31m².

The building has an attractive outlook, and multiple access points off both Great South Rd & Kalmia Streets. The overpass to Ellerslie township and the Ellerslie Train station is just a few hundred meters away.

Major occupiers Netlogix and SG Fleet have occupied the building long term, with the latter recently completing a high-quality refurbishment to their office space. SG Fleet enjoy exclusive naming rights to the building, as well as use of the two high exposure billboards facing Great South Rd. The office occupiers are complemented by a small ground floor café. The building has an estimated fully leased net income of approximately $1.241 million plus GST.

The property has been a magnet for long term occupation, evidenced by the existing occupiers having been in the building for between 14 and 20 years respectively.

The current lease profile provides a rare opportunity for an investor to set a new precedent rental for the building through forward leasing, as well as for an owner occupier seeking to control their own commercial property with underwrite terms flexible.

For more information and to arrange a viewing of the property, contact the Sole agents today.

More information: https://www.colliers.co.nz/p-NZL67040529

Listing ID: 43059400

Strategic Investment - The Gateway Johnsonville

Colliers is pleased to present The Gateway at 120 Johnsonville Road, a multi-tenanted commercial investment on the main road of Johnsonville’s primary retail and service precinct.

This proven suburban asset offers investors an attractive, diversified income stream, supported by a complementary mix of national retailers, healthcare providers, and professional service tenants. The strong mix of tenants provides a reliable income stream, underpinned by consistent demand from one of Wellington’s largest suburbs. 

Prominently located on Johnsonville Road, The Gateway benefits from exceptional exposure to both vehicular and pedestrian traffic, reinforcing its appeal to occupiers. The property’s high profile position combined with direct connectivity to Wellington CBD and the northern suburbs, further strengthens its long-term investment credentials. 

Tenants and customers benefit from easy on-site car parking, enhancing the attraction to the site for a wide range of businesses. Anchor retail tenants Repco and Number One Shoes provide strong covenant backing, alongside a range of essential service-based occupiers on level one that service the local community. 

Johnsonville’s role as a key northern hub for Wellington continues to underpin the strength of this investment. The suburb is embarking on an exciting future and now is the time to be part of it. The Gateway represents a compelling opportunity to secure a high-performing, income-producing asset in one of Wellington’s most established suburban centres, with strong fundamentals supporting both immediate returns and future growth potential.

For more information or to arrange a viewing contact:

Alistair Robertson on 021 418 647 or email alistair.robertson@colliers.com

Hamish Templeton on 029 127 0018 or email hamish.templeton@colliers.com

*All areas and values are approximate only. Boundary lines are indicative only.

Residential units are not included in the sale.

Features:

• Prominent Johnsonville Road frontage offering strong exposure to passing traffic
• Established mixed‑use commercial complex with retail and office tenancies
• Diversified income streams and lease maturities
• Net income $528,806 + GST p.a. (approx.)
• Recognised national tenant anchors including Repco and Number One Shoes
• Excellent accessibility with on‑site car parking
• Close proximity to public transport and arterial links to Wellington CBD

More information: https://www.colliers.co.nz/p-NZL67040434

Listing ID: 43059470

History Meets Huge Potential

The Stage Is Set For Something Extraordinary

From the moment you step through the grand front doors, this building makes an impression.

A stunning chandelier hangs above the foyer, while sweeping red-carpeted stairs lead guests toward the theatre spaces, instantly capturing the elegance and atmosphere of a bygone era. Rich in character and scale this iconic property offers an experience rarely found in today's commercial market.

Inside, the property features one grand theatre auditorium alongside two additional movie screening rooms.

The main theatre itself is something truly special. Ambient perimeter lighting, elevated balcony seating, and opera-style viewing lines create a dramatic and immersive atmosphere that feels both timeless and unforgettable.

Behind the stage lies a backstage area designed for performance and production.

This is not simply commercial real estate.

It is a destination.
A theatre.
A landmark waiting for its next visionary owner.

Opportunities like this are exceptionally rare, especially in the heart of Thames.

The curtain is ready to rise again.

https://www.propertyfiles.co.nz/property/977830003

Please be aware that this information has been sourced from third parties. View our property information disclaimer here: raineandhorne.co.nz/property-disclaimer

Listing ID: 43060468

High capacity warehousing and processing

1444 Railway Road South presents a rare opportunity to secure large scale warehousing in a size bracket seldom available in Hawke’s Bay. Positioned on the southern edge of Hastings and immediately adjacent to State Highway 2, the property offers excellent connectivity for production, processing and logistics based operators.
The improvements provide more than a hectare of floor area across five existing warehouses and processing facilities, with established capability for storage and on site operations. Heavy vehicle access, drive through functionality and generous manoeuvrability are inherent features of this 4ha+ site. Parking is plentiful, and the yard comprises a mix of sealed surfaces and hardstand.

• Available via Price by Negotiation
• 11,466sqm (approximately) of combined floor area
• Plains Production Zone
• Processing and accessory activities permitted
• Strategic location with strong transport links

Opportunities of this scale are limited, so contact Matt Webb at Bayleys to discuss your requirements.

Listing ID: 43060960

CBD Investment Palmerston North

158 The Square, Palmerston North is your chance to secure a strategic foothold in the absolute centre of the city.
This is prime commercial real estate with upside. Whether you're an experienced investor, syndicator, or forward-thinking owner-occupier, this property delivers on location and profile.
Why This Property Stands Out:
• Unbeatable CBD positioning - front and centre on The Square
• High-exposure, 2 street frontages with constant pedestrian and vehicle flow
• Surrounded by retailers, hospitality operators, and key amenities
• Fully tenanted
• Flexible profile suited to multiple value-add strategies
Investor Opportunity:
• Landbank with long-term capital growth upside
• Reposition or enhance tenancy to unlock stronger returns
• Benefit from tightening supply of core CBD assets
With Palmerston North continuing to evolve as a key regional hub, property in The Square is becoming increasingly scarce. Location is everything.
Get in touch today for the information memorandum or to arrange a personal inspection.

Listing ID: 43062039

Established Childcare Investment

53 Vickery Street, Te Rapa presents an exceptional opportunity to secure a quality tenanted investment, underpinned by an established childcare operator in a sought-after Hamilton location.

Fully leased to a long-standing childcare business on a new 15-year lease with renewal rights, the property provides a strong net holding income of $226,200 per annum plus GST and outgoings with fixed 2% annual rental increases, plus 3 yearly market reviews. 

Constructed in 2010, the purpose-built childcare centre comprises a modern single-level facility featuring multiple classrooms, open plan learning spaces, air-conditioned teaching areas, and well-appointed staff and administration amenities. The property is complemented by generous onsite car parking, secure boundary fencing and gates, together with sealed external areas and concrete pathways.

The centre offers a well-presented and functional early learning environment, catering to families within the surrounding residential and commercial catchments. The property benefits from strong underlying demand for childcare services and a tenant operating within a resilient sector.

For sale via Deadline Private Treaty closing Thursday 2nd July at 3pm (unless sold prior).

Features:

• Licenced for 75 children
• Returning $226,200 per annum + GST and outgoings, with fixed 2% annual rental increases
• New 15-year lease
• 1,835m² site area
• 400m² floor area (floor area is approximate)
• Development potential

More information: https://www.colliers.co.nz/p-NZL67040528

Listing ID: 43062761

Prime Maori Hill Position - Multiple Options

567 & 581-585 Highgate represents a unique opportunity sitting in a prime position on Highgate within the popular suburb of Maori Hill.

The large land holding sits proudly on Highgate, close to the Balmacewan Road roundabout, in a neighbourhood mainly comprised of residential properties. Nestled just 2 km northwest of Dunedin's city centre, Māori Hill is one of the city's most sought-after suburbs, offering a unique blend of tranquility and convenience, with the CBD only minutes away. The suburb boasts top-tier schools, making it a favorite for families, and Balmacewen Golf Course (one of New Zealand's oldest). Māori Hill has strong demand and investment appeal, with its rich heritage, vibrant community, and easy access to cafes, parks, the CBD and other amenities. The site represents a fantastic development opportunity in a suburb which offers few mixed-use development opportunities

Underpinned by a freehold land holding of 1,573m2 (more or less).

Key Property Information

• 2GP Zoned Neighbourhood Centre
• Total land area of 1,573m² (more or less)
• The individual properties can be purchased together or individually
• Freehold tenure
• Development potential
• Holding income
• Premium location

This freehold offering is offered for sale by Deadline Private Treaty closing Tuesday 7th July 2026 at 4pm (unless sold prior). Properties can be purchased individually or as a group.

Contact the nominated broker for more information.

Listing ID: 43062768

Long Term Lease in Proven Position

147 Clyde Street, Balclutha presents an opportunity to acquire a well located property underpinned by a 20-year lease which commenced in December 2015, delivering enduring income certainty.

The property is leased to Z Energy Limited, one of New Zealand's most established and financially robust fuel and infrastructure operators, providing investors with the assurance of a strong tenant covenant. Z Energy subleases part of the property to Regional Ford, a well-recognised regional automotive operator, ensuring active occupation and alignment with the property's functionality.

The site occupies a prominent position along Clyde Street (State Highway 1), the main street through Balclutha, the property benefits from excellent exposure and is easily accessible to passing traffic.

The site is further enhanced by a generous yard and parking area, supporting operational flexibility and long-term tenant retention. Assets offering this combination of long lease term and strong tenant covenant are tightly held, particularly in regional markets with limited supply.

Some of the key investment highlights are as follow:
• Site area 1,656m² (more or less)
• Freehold tenure
• Zoned Urban Resource Area
• Profile SH1 corner site
• Leased to Z Energy Limited
• Initial term of 20 years (commenced 1-Dec-2015)
• Current rental $54,262.09pa plus GST

For sale by Deadline Private Treaty closing 4pm, Thursday 2nd July 2026 (unless sold prior).

Contact the nominated broker for more information.

Listing ID: 43062781

Dual Tenancy Property with Regular Growth

Positioned within Papamoa’s tightly held industrial precinct, this property offers a compelling investment opportunity with stable income and future upside. The 630m² (approx.) building is situated on a 1,126m² commercially zoned site and returns a current net rental of $123,348 plus GST per annum, with convenient access to key arterial routes.

The asset comprises a substantial warehouse tenancy alongside a self-contained two bedroom flat, delivering a diversified income stream from a single holding. The commercial lease provides for regular rental growth, while the existing tenant fit-out enhances value with no immediate capital expenditure required.

The configuration also presents flexibility, with the ability to reinstate into two separate tenancies if desired, supporting a broader tenant profile and strengthening long-term income resilience.

Well presented and strategically located, 27 Enterprise Drive represents a quality investment in a high-growth Bay of Plenty location, appealing to both established and emerging commercial investors.

Contact Rich or Rob for more information and to arrange a viewing.

Features:

• Floor area: 630m² (approx.)
• Land area: 1,126m²
• Current net rental of $123,348 + GST p.a.
• Large warehouse tenancy plus two-bedroom flat
• Regular growth provisions on commercial tenancy
• Extensive tenant fitout in place
• Warehouse reconfigurable to two tenancies
• Zoned commercial
• Close to main arterial routes
• Tightly held Papamoa location

More information: https://www.colliers.co.nz/p-NZL67040618

Listing ID: 43062797

Premium Dual Level Investment

Positioned in the heart of Mount Maunganui's tightly held commercial precinct, this architecturally designed, A-grade property offers 253m² of well configured, light filled space across two levels. Designed with flexibility in mind, each floor features its own entrance, bathroom with shower, and kitchenette, allowing for dual tenancy or a seamless owner occupier with supplementary income.

The first floor is currently leased to Blue Marine Travel Limited, a global travel consultancy, with a renewal due in March 2027, providing holding income while presenting an early opportunity to reposition or owner occupy. The vendor may also consider a leaseback arrangement should the purchaser require it. The ground floor is vacant, presenting an immediate opportunity to occupy and benefit from the professional setting and premium location.

Large glass frontages maximise natural light, while the north facing aspect ensures excellent sun throughout the day. Three on site car parks add valuable convenience in this highly sought after area.

Commercial zoning, the property supports a wide range of uses including office, medical and service based businesses.

Position yourself to secure a premium asset in a proven, high demand location with strong long term appeal.

Contact Rich or Duncan for more information and to arrange a viewing.

For Sale by Auction at 11am, Thursday 2nd July 2026 at the Mercure Hotel Tauranga (unless sold prior)

Features:

• 253m² of high quality office space across two levels
• Architecturally designed A grade commercial unit
• First floor leased to established tenant providing holding income
• Vacant ground floor ideal for owner occupiers or additional leasing
• Bathroom with shower and kitchenette on each level
• Three exclusive on site car parks
• Commercial zoning allowing for a range of uses
• Professionally managed building with body corporate in place
• Positioned in a tightly held and highly sought after location

More information: https://www.colliers.co.nz/p-NZL67040531

Listing ID: 43062962

West Coast Gold Awaits You - 15 Unit Freehold

Discover this rare opportunity to acquire the freehold going concern of this modern well-established and highly regarded accommodation business, offering consistent and growing income, and strong future upside. The units enjoy a great outlook and are quieter than most, being off the main road, but still one of the closest walking distances to the heart of Hokitika. Opened in 2018 – this is the newest motel in Hokitika and in fact, the West Coast.

This property offers an exceptional four bedroom plus study owners' residence; you will not likely find another of this standard in a motel operation. Separate from the units on a 903 square metre site, it includes a separate one-bedroom attached unit with open plan living, of approximately 57 square metres. This could be added to the letting pool for further accommodation income.

If preferred, the property could be purchased without the large house if the new operator chose to reside in one of the two-bedroom units.

The newest motel in Hokitika, and likely to remain that way for the foreseeable future. This is because the insurance replacement cost for the motel buildings alone is considerably higher than the asking price for the motel, the motel business and the substantial residence. The building replacement cost would be in addition to the cost of the land, the chattels, and any business value.

Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same. Any boundary lines shown on an image are indicative only.

An Information Memorandum is available to download from our website coffeys.co.nz.

Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum.

We would welcome your enquiry via this website or direct to KELVYN COFFEY.

Listing ID: 43062987

Reposition this 100% NBS Tower in Wellington

8 Gilmer Terrace presents a compelling opportunity to secure a landmark Wellington CBD office tower with significant repositioning and value-add potential.

Located in the heart of the CBD, the property provides approximately 9,947 m² (NLA) of accommodation across 14 levels, configured around efficient floor plates of circa 760 m². Designed by Warren and Mahoney, the building offers strong fundamentals including excellent natural light, harbour views from upper levels, and a central core layout supporting flexible future use.

The opportunity is underpinned by completed seismic strengthening (100% NBS), allowing an incoming purchaser to focus on unlocking value through leasing, refurbishment or alternative use strategies. 

Currently providing holding income via the Ministry of Justice tenancy, the asset offers short-term cashflow alongside a clear pathway to reposition the building in line with evolving occupier and market demand. 

With a high proportion of vacant space, investors are presented with the ability to implement a leasing strategy or pursue conversion options including student accommodation, hotel/serviced apartments, or residential/mixed-use. The building’s scale, configuration and central location support multiple future pathways. 

Situated moments from Lambton Quay and Wellington’s Golden Mile, the property benefits from strong surrounding amenity, connectivity to public transport, and proximity to key commercial, education and hospitality precincts. 

This is a rare opportunity to acquire a large-scale CBD asset with structural upgrades complete, existing income in place, and substantial long-term upside in a tightly held location.

For further information or to arrange an inspection contact:

Alistair Robertson on 021 418 647 or 
alistair.robertson@colliers.com

Hamish Templeton on 029 127 0018 or hamish.templeton@colliers.com

*Please note all areas and values are approximates only. 

Features:

• Central CBD location
• Harbour and city views and light-filled floor plates
• Accommodation, hotel or residential conversion opportunity
• 14 office floors of 9,947 m² (NLA)
• 100% NBS seismic rating
• Strong occupier appeal for corporate and Government tenants
• 33 on-site car parks
• Direct access to key arterial routes Wellington’s core CBD

More information: https://www.colliers.co.nz/p-NZL67040661