Te Aro 1/181 Willis Street

Being in the heart of Wellington's central business district, this is an ideal location for an office space. It is already a fully functional operation with reliable tenants providing you with a steady income - all you need to do is to become the new owner and start benefitting.

After spending over $100,000 on renovations, our vendor has established an extremely neat, compact, and high cash flowing office space. Details below:

Office 1: 390x330 = 12.9sqm, facing Willis Street, 2 to 3 people
Office 2: 295x560 = 16.5sqm, facing Willis street with a corner window, 3 to 4 people.
Office 3: 290x670 = 19.4sqm, facing Willis street, 4 people
Office 4: 460x290 = 13.3sqm facing the flats on Dixon st, 3 people
Office 5: 250x350 = 8.8sqm facing the flats on Dixon st, 2 people
Board room: 395x450 = 17.8 sqm, equipped with smart TV and a board table
Kitchen and meeting space: 610x355 = 21sqm, fully equipped
Hall: about 17sqm

Total yearly gross income: $73,152 (incl GST)

BC Fees: $13,256
Council Rates: $3,552.65
Other Expenses: $6,840 (incl power & internet)

Total net income: $49,886 (incl GST), or $43,379 (ex GST)

All provided measurements are approximations provided by our vendor.

Property Information

• Floor area approx 147sqm