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MC Property Group, (Licensed: REAA 2008)

163 Tory Street and 1-3 Francis Place, Te Aro

Asking price $3,575,000 + GST (if any)

Listing Description

Listed: Sat, 8 Nov

A Bold Blend of Character & Cashflow

163 Tory Street and 1-3 Francis Place, Te Aro, Wellington, Wellington

Details

  •   881m² Floor
  •   675m² Land
AttributeValue
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


Property Files

Sam McIlroy

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MC Property Group, (Licensed: REAA 2008)

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