226 Lambton Quay, Wellington Central

226 Lambton Quay, Wellington Central, Wellington, 6011, NZ

Description

As exclusive co-agents, JLL and CBRE are pleased to exclusively present for sale via International Expressions of Interest – 226 Lambton Quay, Wellington Central.

This transformational asset offers exceptional scale, resilient retail income, and multiple pathways for value creation upon Wellington City Council’s forthcoming lease expiry. Repositioning opportunities include a premium office refurbishment to capitalise on Wellington’s low prime vacancy rate, the lowest in Australasia, or a landmark hotel conversion, in a market defined by constrained supply - underpinned by secure retail income.

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Attributes

Building area net

12,613 sm

NOI

₱208,284,000

Occupancy

96.4%

WALT

1.39 years

Tenure

Freehold

Media

Investment highlights

Commanding a strategic position along Lambton Quay, one of Wellington's most significant commercial corridors, 226 Lambton Quay delivers exceptional dual street connectivity with frontages totalling 46 metres along Lambton Quay and 60 metres along The Terrace.

The asset encompasses 13-levels of office accommodation and a two level retail podium, totalling 12,613sqm of net lettable area with integrated parking across the remaining four podium levels providing 109 spaces.

A 100% freehold interest in 226 Lambton Quay is available for sale exclusively through JLL and CBRE via International Expressions of Interest (“EOI”) closing 4:00pm NZST, Thursday, 13th November 2025.