880sqm in one of Wellington’s Iconic A-Grade Buildings.
FOR LEASE
CAPITAL ON THE QUAY LEVEL 17 125 THE TERRACE
125 THE TERRACE - GROUND FLOOR LOBBY
FOREWORD CBRE is proud to present Level 17, 125 The Terrace, Wellington Central for lease. There continues to be an acute shortage of high-quality CBD office space in Wellington following the November 2016 earthquake with an increased awareness of the seismic rating and resilience of buildings. With many of the sub-lease offerings resulting from Covid-19 being withdrawn from the market or taken up as tenants seized the opportunity to relocate to higher quality buildings, Wellington is experiencing prepandemic levels of low vacancy. Demand side pressure continues to grow from both Crown and private sector organisations requiring buildings which have the size and flexibility to cater for modern workplace practices.
Level 17 presents 880sqm of office space that is large enough to accommodate modern working with expansive views over Wellington City and the harbour. The building itself has a good seismic rating, an abundance of car parking, and is well-located with dual frontage and entrances from both Lambton Quay and The Terrace. With the Landlord planning upgrades to the foyers, lifts and services, this building will continue to be one of Wellington’s iconic A-Grade buildings. Please contact the sole agent for more information:
MANOJ EDIRIWEERA Associate Director Advisory & Transaction Services - Office Leasing +64 4 474 9810 | +64 21 471 066 manoj.ediriweera@cbre.co.nz
CBRE (Agency) Ltd & CBRE Ltd Licensed Real Estate Agent (REAA 2008)
FOREWORD
Following the 2020 lockdown many organisations challenged the way the workplace is utilised with many moving quickly to either ‘right-size’ or reconfigure existing spaces to deal with different more flexible working.
HARBOUR VIEWS
KEY HIGHLIGHTS Fantastic CBD location with access off The Terrace and Lambton Quay A-Grade seismic rating High quality base-build fitout Fully refurbished bathrooms with on-floor shower facilities
KEY HIGHLIGHTS
Efficient floor plate Good stud height Great natural light, with fantastic views over city and harbour Secure covered on-site car parking On-site generator to power essential services
OCCUPANCY DETAILS Estimated Commencement Date
May 2022
Lease Term
Minimum six years
Renewal Options
Flexible
Area
880sqm (approx.)
Car Parks
Up to 20 available
Asking Rental
Upon request
Showers
TBC
Bike Parks
TBC
OCCUPANCY DETAILS, AMENITIES & FLOOR PLAN
AMENITIES
LEVEL 17 - 872.2.SQM Cupboard Column
Fire Hose Cupboard
LIFTS
STAIRS
LIFT LOBBY
LIFTS Column
Column
Column
WOMENS Storage Cupboard
MENS Duct
THE TERRACE
LAMBTON QUAY
FLOOR PLAN
STAIRS
Column Fire Hose Cupboard
FLOOR PLAN
FOR LEASE
CAPITAL ON THE QUAY LEVEL 17 125 THE TERRACE
the terrace
wellington harbour
state highway one
125 THE TERRACE, LOCATION
lambton quay
wellington railway station
state highway one lambton quay
125 the terrace
the terrace wellington harbour
LOCATION 125 The Terrace is located in the absolute heart of the Wellington CBD.
125 The Terrace is located within extremely close proximity to all forms of public transport, with bus services located just outside on The Terrace frontage, the Wellington Railway Station approximately 1km from the property, as well as, easy access to both north and south bound motorways.
LOCATION MAP
Strategically positioned, with dual frontage to both Lambton Quay and The Terrace, the building also affords the privilege of an idyllic position on Wellington’s retail ‘Golden Mile’. Lambton Quay is Wellington’s premier shopping avenue with the highest count of foot traffic in Wellington city and in New Zealand as a whole. It is home to a wide range of retail outlets including leading department stores, specialty boutiques and top of the range retail shops and cafés.
Transport
DISCLAIMER This Information Memorandum (IM or this Memorandum) relates to the opportunity to lease space in Capital on the Quay, 125 The Terrace, Wellington (“the building”) and has been prepared by CBRE (Agency) Limited (“CBRE”) on the basis of information provided to CBRE in connection with the marketing campaign. Use of this Memorandum This Memorandum is provided for preliminary information purposes to a limited number of parties solely to enable recipients to acquaint themselves with the building and you are not permitted to use it for any other purpose. It is not, nor is it intended to be, an offer for the lease. It does not purport to contain all of the information a prospective tenant may require. In all cases, interested parties should conduct their own investigation and analysis of the opportunity and the data contained in this Memorandum. Memorandum not an Offer This Memorandum does not constitute an offer of any kind. In providing this Memorandum, neither the Landlord nor CBRE nor its advisors undertake any obligation to invite the recipient to proceed with a further investigation of the building, nor to provide the recipient with any additional information, nor otherwise to negotiate with or deal with the recipient in respect of the building. In particular, this Memorandum is not, and does not contain, an offer of financial products.
Information The information set out in this document has been prepared using information derived from a variety of external sources. Neither the Landlord nor CBRE warrants the accuracy of any of the information and does not accept any legal liability or responsibility for any injury, loss or damage incurred by the use of, or reliance on, or damage incurred by the use of, or reliance on, or interpretation of the information contained herein. This Memorandum is distributed on the express understanding that none of the information contained therein has been independently verified and no representation or warranty is made, nor any responsibility accepted,the Landlord nor CBRE nor its advisors with respect to the completeness, accuracy or reliability of any information contained in this Memorandum. Further, those parties will have no liability for any statements, opinions, information or matters (express or implied) arising out of, contained in or derived from, or any omissions from, or failure to correct any information in this Memorandum or any other written or oral communications transmitted to the recipient in relation to this opportunity. Interested parties will be afforded the opportunity to undertake a further review of the building to satisfy themselves as to, amongst other things, the completeness, accuracy and reliability of the information contained in this Memorandum.
No Reliance of Statements Any statement or opinion made by CBRE in connection with the transaction contemplated in the IM is not based on any actual or implied knowledge or consideration of the leasing objectives, financial situation, legal or taxation position or any other particular needs or requirements of the recipients of this IM.
Neither the Landlord nor CBRE and its associates warrant (expressly or impliedly) that information contained in this IM is complete, true and correct and not misleading or not likely to be misleading or deceptive. The Landlord, CBRE and their respective associates are not responsible and will not under any circumstances be liable (whether at law, in equity, under statute or otherwise) for any statement made or anything contained in or arising out of the information including, without limitation, any errors, misrepresentation or omissions. No statement or opinion of CBRE or its officers, directors, agents, brokers or employees shall be imputed to the Landlord or its associates. CBRE disclaims all responsibility for any loss or damage caused by reliance by any person on this IM or any representation, warranty or statement made by or on behalf of CBRE and its associates.
DISCLAIMER
All parties must make their own independent assessment and investigation including without limitation, seeking professional advice and must determine its interest in proceeding upon the basis of such independent assessment, investigation and appraisal. Any statement or opinion of CBRE whether express or implied is not, nor should be construed as a recommendation by CBRE or any of its officers, agents or employees to participate in the transaction and, to that extent, no reliance will be placed on CBRE or its associates.
No Representations and/or Warranties Given
CONTACT US!
MANOJ EDIRIWEERA Associate Director Advisory & Transaction Services - Office Leasing +64 4 474 9810 | +64 21 471 066 manoj.ediriweera@cbre.co.nz
CBRE (Agency) Ltd & CBRE Ltd Licensed Real Estate Agent (REAA 2008)