162 Queen Street, Masterton
price TBC
316m2
550m2
Masterton commercial icon
After 28 years of ownership and being well into their retirement the owners have decided to sell this landmark Masterton commercial building constructed in 1956 for the Colonial Mutual Life Assurance Society. Located in the CBD on the northern corner of Queen and Perry Streets, the building enjoys a high profile which is accentuated by its solid construction over two levels and unique Art Deco Style. The facade of the building is regarded as architecturally significant and is listed as a heritage item in the Wairarapa Combined District Plan. The eastern and southern frontages, which open to the street, feature multiple large windows making the ground floor ideally suited for retail use. Currently, the ground floor is configured as three tenancies - all of which are leased. The first floor, accessed via a central stairwell opening from the footpath at the side of the building off Perry Street, comprises nine rooms of varying sizes along with separate women's and men's toilet facilities. Most of the building's original internal features on the first floor, including the stairwell and mosaic-tiled entrance foyer, have been retained and are in excellent condition imbuing a characteristic period feel. Street views from the second level out through steel framed windows, which give the interior an industrial chicness, add to its appeal. The first-floor rooms have been routinely rented for use as offices and studios, but the floor as a whole lends itself perfectly to development as apartments offering boutique -inner-city- living. The property, which encompasses two freehold titles, includes two off-street carparks. Additional information about this very unique and desirable property is available on request. All viewings will be by appointment and restricted to weekdays (Monday to Friday) between 10.00am and 4.00pm.
162 Queen Street, Masterton
Web ID
CC167618
Floor area
550m2
Land area
316m2
District rates
$12,422.30pa
RV
$820,000
price TBC
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Shop 1, 92-94 Main Street, Greytown Floor Area: 77m2 (more-or-less) $21,200per annum + GST + Opex High profile retail outlet located at the centre of the CBD and within the heart of Greytown's retail precinct. Excellent exposure to large volumes of foot and vehicle traffic. Key Features •Smart front retail space with large street-facing window and covered entrance off footpath •Retail space warmed/cooled by heat-pump •Rear storage area with handbasin and opening to rear carpark facilitating easy movement of stock •Front and rear spaces able to be operated as one •Separate small office plus staff toilet with electric infinity hotwater heater over basin •Easy vehicle access to rear of property •One (off-street) carpark included in rental. The premises, which are currently tenanted, will become available to lease on 23 April 2025. Please contact to arrange a time to view.
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Prominently positioned on Carterton's main street, this substantial commercial property represents an exceptional opportunity for investors seeking a strong, well-located asset in the heart of the Wairarapa. With three established mixed tenancies (retail and farm supply) already in place and the possibility to introduce a fourth, the property offers both a secure income and room for future growth. Occupying a generous 2,784m2 (more or less) site with a total building area of 1,240m2 (more or less), this property benefits from dual access - a valuable advantage that enhances operational flexibility for tenants and ease of access for customers. Strategically located in Carterton, the property enjoys more than just local prominence. With direct access to State Highway 2, it forms part of a key logistics and transport corridor linking Wellington, the Wairarapa, and the wider lower North Island. This strategic positioning strengthens its appeal to both investors and businesses looking for long-term regional connectivity and visibility. With a 70-95% NBS rating, the combination of a healthy rental return, the potential for an additional income stream, and an enviable main-street location makes this an opportunity that truly stands out in the Wairarapa commercial market. Key Features • Three mixed tenancies - retail + farm supply • Possibility to secure a fourth income stream • Combined annual net income of $104,747.87 + GST • 7% Yield • Dual street access for flexible movement and parking • Total land area: 2,784 m2 • Total building area: 1,240 m2 • 70-95% NBS rating • Prime main street exposure • Situated on State Highway 2 - a vital North Island logistics link A versatile, income-generating commercial investment in a high-growth regional centre, this property offers the perfect balance of immediate returns and future potential. Whether you're a seasoned investor expanding your portfolio or seeking a strategic foothold in the Wairarapa, this is an opportunity not to be missed. For more information or to arrange a viewing, contact me today.
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