434 Queen Street, Kuripuni, Masterton

$19,645 pa

56m2

Floor Area

+9

+8

Kuripuni Premises For Lease

Floor Area 56m2 more or less $19,645pa gross (GST Inclusive) Take advantage of a seldom available opportunity to become part of Kuripuni Village, a distinct and charming shopping precinct located at the southern end of Masterton, featuring a boutique, village atmosphere with a mix of specialty shops, cafes, and restaurants. The high profile premises available for lease offer excellent street appeal and are ideally suited to variety of uses including, for example, use as a boutique retail outlet, a salon, professional office, clinic, consulting rooms and food bar. As currently configured, the premises offer a 'shop' front with large, street-facing display window, and a partially separated utility space behind with shelving and built-in benches including a kitchen cupboard unit with stainless steel top and twin tubs. Both hot and cold water are available. Staff amenities include exclusive use of a toilet. Shared off-street parking is provided at the rear of the premises with sufficient space for two cars if parked end on end. A service-way running alongside the parking area and building facilitates the easy movement of goods to and from the premises. I look forward to discussing with you the opportunity to join the Kuripuni vibe and to arranging a time for you to view the premises which are now vacant and ready for immediate occupancy.

434 Queen Street, Kuripuni, Masterton

Web ID

CC227997

Floor area

56m2

$19,645 pa
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Greg Ariell

Greg Ariell

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CC174886

309m2

Land Area

570m2

Floor Area

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.

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