Gattung sells $2.8m Wellington waterfront property

Business Reporter·NZ Herald·

7 Feb, 2018 09:16 PM2 mins to read

Theresa Gattung, New Zealand business person and the former chief executive of Telecom New Zealand, is selling her almost $3m apartment. Photo/Greg Bowker

Business woman Theresa Gattung is selling her $2.8 million waterfront Wellington apartment after 14 years - although she says it is a reluctant sale.

"It's beautiful and if I was still living in Wellington I would never sell it," she said. "But I'm based in Auckland now and it's just time."

Gattung bought the four-bedroom level one apartment on Brandon Street in 2003 with her former partner. Located in the centre of Oriental Bay, the site has a registered value of $2.83m.

Theresa Gattung's $2.83m Wellington apartment is for sale. Photo/Bayleys Wellington

The former chief executive of Telecom, now Spark, said the apartment had been her main residence for 10 years, and after moving to Auckland permanently, she hadn't wanted to sell.

Commitments including her role as chair of the Wellington SPCA had convinced her to hold onto the property; however, when the regional SPCA's were amalgamated into a national organisation in November, Gattung said she decided to sell.

"I went backwards and forwards for a while but now I don't need to be in Wellington to chair the SPCA board meetings," she said.

"After that I really just thought, well I'm not going to use it much so it's time to sell."

The successful businesswoman, who was made a Companion of the New Zealand Order of Merit in 2014, has also been involved with My Food Bag, Co.OfWomen (Company of Women), World Women and her latest venture SheEO - a venture aimed at supporting start-ups by women.

"I looked at the photos yesterday and had a moment of thinking what am I doing, but I'm based in Auckland now.

"I spent quite a bit of time overseas last year and I'm probably going to do the same this year getting more involved with global charities so it just felt like the right time."

The 222 square-metre apartment features views across the bay to the city and has featured in NZ House and Garden magazine.

It has a large open plan living and dining room opening onto two decks, with a kitchen featuring granite benchtops, a walk-in pantry, and a full complement of high-end Gaggenau appliances.

The master bedroom has a walk-in dressing room and there are two bathroom as well as two garages and ample storage space.The apartment is for sale by tender, closing on March 1.