PHOTO: SUPPLIED – Avalon Tower, in Lower Hutt, is adjacent to Sir Peter Jackson’s Avalon Studios.
Avalon Tower in Lower Hutt was built in 1973, a couple of years before New Zealand got its first taste of colour television.
Now, the 10-story office tower, which was purpose-built in the early 1970s for the television arm of the New Zealand Broadcasting Corporation, is on the market with a rating value of $5.5 million.
The tower was formerly part of the larger Television New Zealand Avalon precinct, which opened in 1975, and was the biggest and most technically advanced facilities in New Zealand at a cost of $10m.
The tower and the land it sits on, was last sold in 2004 to Avalon Tower, a company of which Wellington investor Murray Cole is the director and major shareholder.
READ MORE: The rise and fall of Avalon
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