


Listing Description
A Bold Blend of Character & Cashflow
163 Tory Street and 1-3 Francis Place, Te Aro, Wellington, Wellington
Details
| Attribute | Value |
|---|---|
| Property use | Retail |
| Viewing instructions | By appointment |
| Parking | 15 onsite car parks |
| Property ID# | JLL424 |
| Agency reference | 67114 |
Description
Havana HQ at 163 Tory Street is one of Wellington's most distinctive commercial buildings.
The property comprises two buildings currently interconnected, offering versatility and functional separation. The ground floor accommodates Havana Coffee's roasting operations, dispatch facilities, and cafe.
The first floor features quality office, while the top level houses a stylish 273 sqm penthouse apartment, a six-bedroom residence with its own title, soon to be vacant and ideal for an owner occupier or future lease income.
The majority of the property is leased to Lion NZ, operating Havana Coffee Works, on a 10-year lease with four years remaining and two five-year rights of renewal, generating a stable net income of approximately $250,000 + GST per annum.
Together with its combination of secure income, flexible configuration, and prime city location, Havana HQ represents one of Wellington's most unique and desirable commercial investments.
Anchor tenant: Lion NZ (for Havana Coffee Works) Annual net income approx. $250,000 + GST Seismic rating 70% NBS (strengthened in 2023) Two interconnected buildings with multiple titles Includes a stylish 300sqm penthouse apartment
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