89 Oxford Street, Tawa, Wellington_Information Memorandum

Foreword

As Exclusive Agents, CBRE New Zealand is proud to present Part 89 Oxford Street, Tawa, Wellington for sale.

The proposed subdivision of 89 Oxford Street will offer approximately 2,097sqm of prime development land located in the heart of Tawa and close to a fantastic array of amenities. The subdivision of the property into two lots will follow the unconditional sale of the property, resulting in a delayed settlement in line with the issue of the two new titles.

The property is being offered for sale by Deadline Private Treaty, closing Thursday 11th June 2026 at 4pm (unless sold prior). Offers are to be submitted on the prescribed form which can be downloaded via the Electronic Data Room.

This Information Memorandum introduces the property and provides most details of the opportunity. Potential purchasers should satisfy themselves with all matters that would normally be considered when making an investment of this type. Further information can be obtained through CBRE, and due diligence documentation can be downloaded via the Electronic Data Room.

CBRE strongly recommends early consideration of this outstanding development site and encourages interested parties to get in touch with the Exclusive Agents without delay.

For further information, please contact one of the nominated brokers below.

Rick Stace Director

Metropolitan Investments

+64 21 338 465 rick.stace@cbre.co.nz

Dharmendra Mistry Director

Metropolitan Investments

+64 21 175 0751 dharmendra.mistry@cbre.co.nz

The proposed subdivision will offer approximately 2,097sqm of prime development land with a 14-metre height limit located in the heart of Tawa.

Key Information

Address

89 Oxford Street, Tawa, Wellington

Sales Process For Sale by Deadline Private Treaty, closing Thursday 11th June 2026 at 4pm (unless sold prior).

Electronic Data Room

Property Summary

Comprehensive due diligence material is available at: www.cbreinvest.co.nz/89oxfordstreet (Please contact one of the nominated brokers to arrange access to the Electronic Data Room).

89 Oxford Street offers a fantastic parcel of flat land, welllocated in the heart of Tawa and within walking distance of excellent amenities including New World, Big Air Gym, Tawa Pool, Tawa Skatepark, Tawa Bowling Club, and Tawa Railway Station.

Legal Description

Proposed Subdivision of Lot 2 Deposited Plan 73764 on Record of Title WN41A/662

Registered Owners Tawa Return Services Association Incorporated

Zoning Medium Density Residential Zone

Land Area

Tenure

Height Limit

The property is currently 3,092sqm (more or less) and the proposed subdivided lot will be approximately 2,097sqm

Fee Simple (Freehold)

Property Description

The proposed subdivision of 89 Oxford Street will offer approximately 2,097sqm of prime development land located in the heart of Tawa and close to a fantastic array of amenities. The subdivision of the property into two lots will follow the unconditional sale of the property, resulting in a delayed settlement in line with the issue of the two new titles.

Legal Description

The Fee Simple title is referenced as follows:

Identifier WN41A/662

Land Registration District Wellington

Estate Fee Simple (Freehold)

Legal Description Lot 2 Deposited Plan 73764

Land Area 3,092sqm (more or less)

Registered Owners Tawa Return Services Association Incorporated

A copy of the Record of Title is available to download via the Electronic Data Room.

Surrounds

The surrounding neighbourhood is typically characterised by single allotment residential dwellings to the south. The building to the northeast is owned by Chorus and is largely unoccupied. The rest of the properties to the north are held by Wellington City Council as reserve and provides pedestrian connection from Main Road to Oxford Street, as well as a bridge over Porirua Stream to Tawa Pool, a Skatepark and a Dog Park.

MAIN ROAD

Located within walking distance of New World, Big Air Gym, Tawa Pool, Tawa Skatepark, Tawa Bowling Club, and Tawa Railway Station.

Market Commentary

Tawa is Wellington’s northernmost suburb, located approximately 15 kilometres from the Wellington CBD. Tawa is set in a north-south valley between Churton Park and Porirua and is one of Wellington’s largest residential suburbs by housing stock. Most houses in the area were built during the 1960s, giving the suburb a consistent, established character. Housing in Tawa is generally more affordable than in central Wellington suburbs, attracting a large range of buyers from first-home buyers to families. Tawa is well served by public transport, with a train journey to Wellington Station on the Kāpiti Line taking around 15 minutes, and five railway stations spread across the suburb. State Highway 1 also runs through the valley, providing straightforward road access both south to Wellington and north to Porirua and the Kāpiti Coast. A shared walking and cycling trail run through the suburb following the Porirua Stream corridor. The property is located at 89 Oxford Street (in the statistical area known as Tawa Central), around 600 metres from the main shopping area, which includes a New World supermarket. It is also located next to the Grasslees Reserve and Tawa Pool, and only 200 metres from Tawa Train Station.

Demographics

According to Statistics New Zealand and the figures from the latest census (2023), Tawa has a total population of 12,654 (refer Chart 1). Most of this suburb’s population live in Tawa South (3,435 people, comprising 27% of the total local population), followed by Linden (3,324 people, comprising 26% of the total local population), Tawa North (3,192 people, comprising 25% of the total local population), and Tawa Central (2,703 people, comprising the residual 21% of the total local population). Between the 2018 and 2023 censuses, Tawa’s population decreased by only 138 people. Linden experienced the largest decrease during this period (66 people), followed by Tawa Central (60 people). However, the population in Tawa North and Tawa South remained basically the same during this period. According to Statistics New Zealand’s latest subnational population projections, Tawa’s population could reach close to 14,140 residents by 2048, 1,486 people higher than in 2023. Most of this suburb’s population is within the 30-64 year-old age group (48%), followed by population under 15 years (20%). Tawa’s median age is 36.6 years old, which is higher than Wellington City’s median age of 34.1 years old.

Source: Statistics NZ

Based on the latest population projections, Tawa could conservatively have an additional 1,486 residents by 2048 compared with 2023. On the other hand, if the growth rate is at the high end of the scale, the population could surge by 3,336 people within the same time frame.

Chart 2: Tawa’s Population Projections 2018-2048

Source: Statistics NZ

Regarding Tawa’s work and labour force statistics, 57.1% of its population has a full-time job, which is slightly lower than the figure for Wellington City, where 59.0% of the population is employed full-time. According to the latest census in 2023, Tawa has the same unemployment rate as Wellington City of 3.0% (refer Chart 3). Incomes are slightly higher in Wellington City than in Tawa (refer Chart 4). Almost half (50.6%) of Wellington City’s population has a personal income higher than $70,000 per annum, whilst in Tawa, it is slightly less than half (46.5%).

Chart 3: Work and Labour Force Status – Tawa and Wellington City 2023

Source: Statistics NZ

Market Commentary Cont.

Chart 4: Total Personal Income – Tawa and Wellington City 2023

Source: Statistics NZ

$100,001 or more

$70,001-$100,000

$50,001-$70,000

$30,001-$50,000

$20,001-$30,000

$10,001-$20,000

$10,000 or less

Residential Market

According to REINZ, Tawa registered a total of 120 residential sale transactions between 2016 and 2025. During Q4 2025, the median sale price in Tawa was $758,333, which was 3.2% lower than the previous quarter. Over the last two years, the median sale price of residential properties in Wellington City has been approximately $83,000 higher than the median sale price in Tawa (refer Chart 5). Median sale prices for Tawa and Wellington City peaked in late 2021, reaching $1.12 million and $1.13 million respectively.

In terms of rents, the median market residential rent in Tawa during most of the second half of 2025 was approximately $620 per week compared with Churton Park ($750), Grenada Village ($660), and Grenada North ($645). The only exception was Johnsonville, which registered the same median market residential rent as Tawa ($620). The median market residential rent in Wellington City during this period was $395, lower than in Tawa.

Statutory Information

Resource Management

An overview of the main planning related controls over the property are outlined as follows:

Local Authority Wellington City Council

Planning Scheme Wellington City 2024 District Plan: Appeals Version

Zoning

Height Limit

Environmental

Medium Density Residential Zone

The site has a maximum building height of 14 metres above ground level.

Greater Wellington Regional Council holds a register of sites where activities involving hazardous substances have or may have taken place. This register, known as the Selected Land Use Register (SLUR), is held on behalf of the eight Territorial Authorities in the Wellington region. The SLUR records sites that fit the definitions in the Ministry for the Environment’s Hazardous Activities and Industries List (HAIL).

We have been advised by the Greater Wellington Regional Council that the property appears on the Greater Wellington Regional Council’s Selected Land Use Register (SLUR).

Rating Valuation

The Rating Valuation of the property effective 1 September 2024 (Valuation Reference 15690/31100) is as follows:

• Land Value: $1,520,000

• Improvements Value: $640,000

• Rating Valuations: $2,160,000

Capital Value, defined by 82(1) Rating Valuations Act 1998, is the sum that the owner’s estate or interest in the land, if unencumbered by any mortgage or other charge, might be expected to realise at the time of valuation if offered for sale on such reasonable terms and conditions as a bona fide seller might be expected to require. These assessments represent part of a mass appraisal, normally without any form of inspection and, accordingly, may vary significantly from current market values. The Rating Valuation is reviewed on a three yearly basis and is next reviewed on 1 September 2027.

Sales Process

For Sale by Deadline Private Treaty, closing Thursday 11th June 2026 at 4pm (unless sold prior).

All offers are to be submitted to the Exclusive Agents on the prescribed form no later than the above date and time.

Electronic Data Room

Comprehensive property information is available within the Electronic Data Room accessible via: www.cbreinvest.co.nz/89oxfordstreet

Please contact one of the nominated brokers to arrange access to the Electronic Data Room. The Electronic Data Room contains details of the property including, but not limited to, the following:

– Record of Title

– Resource Management

– Information Memorandum

– Proposed Subdivision Documentation

– Pro-Forma Agreement for Sale and Purchase

Please note, new documentation may be uploaded to the Electronic Data Room throughout the campaign. Parties with approved access to the Electronic Data Room will get automatic notifications of any new uploads.

Rick Stace

Director

Metropolitan Investments

+64 21 338 465

rick.stace@cbre.co.nz

Dharmendra Mistry

Director

Metropolitan Investments

+64 21 175 0751

dharmendra.mistry@cbre.co.nz

CBRE (Agency) Ltd & CBRE Ltd

Licensed Real Estate Agent (REAA 2008)

Disclaimer © 2026 CBRE, Inc. All rights reserved.

USE OF THIS INFORMATION MEMORANDUM: This Memorandum is provided for preliminary information purposes to a limited number of parties solely to enable recipients to acquaint themselves with the properties 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 properties. It does not purport to contain all of the information a prospective purchaser may require. In all cases, interested parties should conduct their own investigation verification 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 particular, this Memorandum is not, and does not contain, an offer of financial products.

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 investment objectives, financial situation, legal or taxation position or any other particular needs or requirements of the recipients of this IM. All parties must make their own independent assessment and investigation including without limitation, seeking professional advice, and must determine their interest in proceeding upon the basis of such independent assessment, investigation and advice. 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, brokers, employees (“Associates”) to participate in the transaction and, to that extent, no reliance will be placed on CBRE or its Associates.

INFORMATION: The information set out in this document has been prepared using information derived from a variety of external sources.

Neither the Vendor 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 of any nature 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 herein has been independently verified and no representation or warranty is made, nor any responsibility accepted, by the Vendor or 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 an inspection of the properties to satisfy themselves as to, amongst other things, the completeness, accuracy and reliability of the information contained in this Memorandum.

NO REPRESENTATIONS AND /OR WARRANTIES GIVEN: Neither the Vendor 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 Vendor, CBRE and their 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 contained in this IM including, without limitation, any errors, misrepresentation or omissions. No statement or opinion of CBRE or its Associates shall be imputed to the Vendor 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.

CBRE (Agency) Limited, Licensed Real Estate Agent (REAA 2008)

© 2026 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited. 89 Oxford Street, Tawa, Wellington