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40-48 Willis Street, Wellington Central, Wellington City, Wellington

Unparalleled Opportunity | Outstanding Investment

CBRE, as exclusive agent, is pleased to offer for sale one of the highest quality office assets in New Zealand.

The sale of Spark Central presents an unparalleled opportunity to acquire one of the largest and comprehensively specified office assets in the Wellington CBD. The modern building is an attractive institutional grade investment, occupied by corporate tenants; centrally located in the heart of the city offering investors a diversified income stream. With an A+ grade seismic rating and a Net Passing Income of approximately $14.4 million per annum (plus GST), Spark Central is an outstanding investment opportunity of scale.

* Rare investment offering
* Net lettable area of 28,000sqm (approx).
* WALT of 5.4 years
* A+ grade seismic rating
* 5 Green Star environmental rating
* Prominent location
* Strong tenant covenant
* Large efficient floor plates of up to 2,800sqm
* Net passing income: $14.4m (approx). per annum plus GST

CBRE is offering Spark Central to the market by way of an International Expressions of Interest (EOI) campaign. Prospective purchasers are invited to submit an EOI no later than 4pm (NZST) Thursday 5th July 2018 and all offers must be provided to CBRE, the exclusive agent.

This is a rare investment offer for your consideration. For further information or to arrange an inspection, please contact the CBRE team.

Property Id: 1778288Q2

Last Updated: 23/05/18

Listing Summary
Categories: Land / Development
Contract Type: Sale
Floor Area: 28000 m²
Land Area: 3658 m²
Price: Expressions of Interest
Contact Information
Agent 1 Image

Matthew St Amand

Managing Director
Wellington

CBRE - Wellington

ASB Bank Tower
Level 12, 2 Hunter Street
Wellington 6011

PO Box 5053
Wellington 6145