222 Willis Street

Wellington Central, Wellington

Sale by Negotiation

Listing: L39987055


Institutional-grade Student Accommodation (PBSA) - Wellington, New Zealand
Positioned in the heart of Wellington's education precinct, 222 Willis Street presents one of New Zealand's most significant Student Accommodation investment opportunities. With 283 beds in 167 apartments, the property delivers secure cashflow, guaranteed growth and offers investors exposure to the rapidly growing tertiary accommodation sector. With international student numbers continuing to recover and the supply of new PBSA remaining constrained, 222 Willis Street represents a rare opportunity to acquire a large-scale institutional-quality asset. Key Features: • 283-bed student accommodation facility • Leased to Victoria University & Capital Fitness Ltd • Net Rental Income: $2,777,303 per annum (+GST) • Fixed annual rental increases of 2.75%pa For sale by negotiation - for more information, contact the Sole Agents
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2,187(more or less Land Area)

8,833(approx) Floor Area

8 Car Parks

Contact The Experts
Andrew Bruce

Branch Manager / Business Owner

P

09 486 9205
Tim Turner

Commercial Sales & Leasing Consultant

Get In Touch
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