This property consists of ground floor retail, four floors of office space and 22 car parks. The building is fully tenanted with Beds 'R' Us on the ground floor and a corner stone government tenant taking up the four floors of office space.

The property is located in a prominent position with wide frontage on the busy Thorndon Quay, Wellington. Thorndon Quay is well regarded as Wellington's premium bulk retail location, given its ease of on-street parking and proximity to the CBD. The property enjoys a high volume of passing traffic moving in and out of the CBD.

This destination is well regarded as the furniture/home improvement precinct of Wellington, with notable tenants including Beds'R'Us, Dobbins Office Furniture, Beaurepairs, Ezibuy, Cotton On, Pumpkin Patch, Early Settler, Wellington Beds etc. Surrounding properties comprise typically of low to medium rise buildings with bulk retail on the ground floor and offices or apartments above.

There is easy access to public transport with the train station a short distance to the south, buses running frequently through Thorndon Quay and the Westpac Stadium a short distance to the east.

Overall, this is a well regarded investment destination and popular with investors and tenants alike.

This will be sold by Tender with the closing date 30 November, 3pm.

For further details contact John McKenzie 021 444 586 or Ulf Fuhrer 022 0800 853

* Current net income $472,163 PA + GST
* Earthquake strengthening recent completed
* Floor area 2,610sqm approx.
* Office/retail mix
* Solid investment