119-121 Queen Street, Masterton
price TBC
324m2
640m2
Unique Investment Opportunity in Prime Location
119-121 Queen Street Masterton. Floor Area: 640m2 more or less Land Area: 324m2 more or less • Income derived from both commercial and residential tenancies. • Four flats on first floor - 2 x two-bedroom and 2 x one-bedroom. All flats recently fitted with new heatpumps; one flat has just been repainted and fitted with new extractor over stove, and re-tenanted. • Established retail outlet on ground floor. Recently re-leased by new business owners. • Prominent corner site on the main street of Masterton's CBD. • Convenience of bus stop alongside entrance to flats. • Ground lease paid to Masterton Trust Lands Trust - set at 5% of rateable land value fixed every 7 years. • Net income circa $60k+. • Excellent opportunity to purchase a high yield investment property in the thriving Wairarapa.
Chattels
119-121 Queen Street, Masterton
Web ID
MC74029
Floor area
640m2
Land area
324m2
District rates
$10803.60pa
LV
$245000
RV
$760000
price TBC
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