172 Queen Street, Masterton

By Negotiation
309m2
Land Area
570m2
Floor Area

+16

+15

Investor-developer's dream

Owned by the same family for the past 30 years but now part of a deceased estate, the availability of this property for purchase presents a rare opportunity to own commercial property within Masterton's foremost retail precinct. Situated on Queen Street at the very heart of Masterton's CBD, this two-storey building has two retail tenancies on the ground floor and a separate ground floor entrance to a grand stairwell leading up to an extensive office space on the first floor. This space is currently vacant and will require some refurbishing to bring it up to a tenantable condition. Although no engineering assessment has been undertaken, the local authority has deemed the building to be earthquake prone. However, the deadline for completing any seismic work that might be required is not until August 2030. The prime location of this property affords an excellent opportunity for an investor-developer to create premises that are both highly desirable and have the capacity to generate strong yields. Please contact me for additional information and to arrange a viewing.

172 Queen Street, Masterton

Web ID

CC174886

Floor area

570m2

Land area

309m2

District rates

$10,006.60pa

RV

$670,000

By Negotiation
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Contact


Greg Ariell

Greg Ariell

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CC174886

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$14,500 pa + GST
CC174886

Owned by the same family for the past 30 years but now part of a deceased estate, the availability of this property for purchase presents a rare opportunity to own commercial property within Masterton's foremost retail precinct. Situated on Queen Street at the very heart of Masterton's CBD, this two-storey building has two retail tenancies on the ground floor and a separate ground floor entrance to a grand stairwell leading up to an extensive office space on the first floor. This space is currently vacant and will require some refurbishing to bring it up to a tenantable condition. Although no engineering assessment has been undertaken, the local authority has deemed the building to be earthquake prone. However, the deadline for completing any seismic work that might be required is not until August 2030. The prime location of this property affords an excellent opportunity for an investor-developer to create premises that are both highly desirable and have the capacity to generate strong yields. Please contact me for additional information and to arrange a viewing.

By Negotiation
CC180833

These high-end, recently refurbished offices enjoy an excellent location being close to CBD but sufficiently distanced to make them easily accessible. The 302m2 of available floor space, which occupies much of the ground floor of the Tranzit Building, includes: • A reception area • A large open plan work-space • Individual offices/work-spaces • Two meeting rooms plus a large light and bright board room • A well equipped kitchen and separate area where staff can take time out to socialise together and relax • Numerous filing/storage rooms and spaces. Eight heat-pumps ensure an extremely comfortable work environment all year round. The premises also come with eight dedicated carparks. All outgoings and the cost of carparks are included in the rent. If you are requiring additional space to grow, or need to bring more than one division of your business under one roof, you should consider these premises, as should providers of complementary services who are seeking a shared space to work from. Please contact me for additional information and to arrange a time to view.

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