Retail Property for Sale

Te Aro 

By Negotiation + GST (if any)
  • Building: 601.17m²
  • Land: 502m² (0.12 acres)

Contact the agent if you'd like further information.

Enquire with Agent
Retail Property for Sale in Te Aro

Investment, Long Term Lease to "Lonestar"

  • Building: 601.17m²
  • Land: 502m² (0.12 acres)

An outstanding corner site, close to the harbour and within a popular entertainment precinct of Wellington's CBD. This renowned restaurant and bar occupies part of the ground and first floor. The popular "Lonestar" is a well established institution in New Zealand with 27 franchised restaurants throughout New Zealand. View at

Lonestar is currently within a renewed term of 10 years expiring in 2021 (+ two further Rights of Renewal of 10 yrs and 5 years each). Rental returning $202,154pa* + GST + outgoings.

An excellent lease with annual rent reviews providing excellent built in growth plus personal guarantees for added security. The building was strengthened in 2001 and has been assessed at 40% NBS. The Body Corp is currently looking at strengthening it further. (* approx)

Call Adrian Raine 021 344 246 for further information.

Price for Sale: By Negotiation + GST (if any)

Property ID:





502m² / 0.12 acres



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