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

162 Dixon Street Masterton (Corner of Russell and Dixon Streets) Floor Area: 1400m2 (more or less) Yard Area: 590m2 (more or less) By Negotiation This large commercial building enjoys exposure to high volumes of vehicle traffic and is ideally suited for use as a retail-showroom-warehouse facility. Key features include: • Approximately 1400m2 of covered and mostly carpeted and open plan floor space. • Two front entrances plus one at the side as well as a separate fire exit at the rear. • Three offices - one on a small mezzanine. • Extensive glazing to the front. • Excellent lighting. • Three ceiling-mounted air conditioning units. • Staff kitchen and toilet. • Alarmed plus external security lighting. • Sealed yard to front with 14 carparks. • Two goods-access roller doors leading directly to screened storage areas totalling approximately 175m2. The option exists to take over the property as a sub-tenant, or to have the existing lease assigned, or to set up an entirely new lease. The current lease provides for a term of 22 months plus a right of renewal for a further two years. Landlord willing to extend. Please contact for additional information and to arrange a viewing.

By Negotiation

•High profile retail/service outlet within Masterton's CBD. •Excellent exposure to SH2 (Chapel Street) traffic. •Two-hour free public carparking at front •Strong brand neighbouring tenants including McDonalds, Animates, Wairarapa Archive, Dominos, PitaPit, Gibson Sheat Lawyers and Burger King •Predominantly open plan interior with high stud •Automatic opening doors at front with access to roller door for goods movements at rear •Two ceiling mounted air conditioning units plus three wall mounted heaters •Concrete floor •Carpet and vinyl flooring •Kitchenette. Shared staff toilets. •81% NBS •Staff carparking if required. Available to lease from the beginning of the second week in December. Please contact to arrange a time to view and secure now.

By Negotiation