$3,075,000 (an 7.8% yield)....Now that's a deal
Price reduced by $500,000, now an 7.8% return for this icon.
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 space, while the top level houses a stylish 300sqm 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 $241,000 + 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.
To obtain copies of all supplementary documents please register your details at www.propertyfiles.co.nz/property/163-165torystreetand3francisplace
• Anchor tenant: Lion NZ (for Havana Coffee Works)
• Annual net income approx. $241,000 + GST
• Seismic rating 70% NBS (strengthened in 2023)
• Two interconnected buildings with multiple titles
• Includes a stylish 300sqm penthouse apartment
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 space, while the top level houses a stylish 300sqm 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 $241,000 + 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.
To obtain copies of all supplementary documents please register your details at www.propertyfiles.co.nz/property/163-165torystreetand3francisplace
• Anchor tenant: Lion NZ (for Havana Coffee Works)
• Annual net income approx. $241,000 + GST
• Seismic rating 70% NBS (strengthened in 2023)
• Two interconnected buildings with multiple titles
• Includes a stylish 300sqm penthouse apartment
Key features
Opportunity
Anchor tenant: Lion NZ (for Havana Coffee Works)
Opportunity
Annual net income approx. $250,000 + GST
Seismic (NBS rating)
Seismic rating 70% NBS (strengthened in 2023)
Accessibility
Two interconnected buildings with multiple titles
Need help with finance?
Vega is Bayleys’ preferred finance adviser for business, providing advice services across residential, business, property development, commercial lending and insurance.