Te Aro
124 Dixon Street, Te Aro, Wellington
+22
City fringe investment with long-term upside
124 Dixon Street presents a superbly located freehold commercial opportunity in the heart of Wellington's vibrant city fringe. Positioned within easy walking distance to Cuba Street, Courtenay Place, and the CBD, the property benefits from strong surrounding amenity and excellent accessibility.
Currently providing a reliable income stream, the property offers clear scope to enhance returns through lease restructuring, refurbishment, or targeted improvements. Its flexible zoning further opens the door to a range of future uses, including conversion or redevelopment, making this an attractive proposition for both add-value and longer-term investors alike.
To obtain copies of all supplementary documents please register your details at www.propertyfiles.co.nz/property/124dixonstreet
• Five-level commercial building (approx. 1,350sqm) with nine secure car parks
• Returning $238,757 + GST p.a. (gross) from multiple tenants
• 399sqm freehold site on Wellington CBD fringe
• Surrounded by hospitality, residential, and mixed-use developments
• Strong holding income with rental upside potential
Luke Kershaw
Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Mark Sherlock
Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Floor area details
Five-level commercial building (approx. 1,350sqm) with nine secure car parks
Opportunity
Returning $238,757 + GST p.a. (gross) from multiple tenants
Land area breakdown
399sqm freehold site on Wellington CBD fringe
Opportunity
Surrounded by hospitality, residential, and mixed-use developments
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