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
View by appointment

Contact


Greg Ariell

Greg Ariell

027 435 6327

View Profile

Property enquiry

Property enquiry for
CC174886

About the location


Satellite

You might also like


An icon of the Wairarapa business landscape, this widely known and highly regarded business is now for sale after being successfully operated by one family for over 60 years. Located on a high-profile site at the southern end of Chapel Street, the business benefits from exposure to the large volume of SH2 traffic as well as from being only a minute's walk from the very popular, boutique Kuripuni Village shopping centre. With on-street parking available at the front as well as parking in the public carpark behind, access to the shop is never a problem. Although best known for its wide selection of reasonably priced second-hand merchandise, the Mart has also successfully integrated into its product mix a range of affordable new items including melamine bookcases and storage units, rugs and mats, and modular kitchens. For a greater appreciation of the business visit the Mart's website at https://perrysmart.co.nz/ or scroll through the Mart's Facebook posts at https://www.facebook.com/perrysmart.co.nz to gain a better feel for the shop and what's on offer. With the owner having made the decision to retire and sell, an excellent opportunity now exists for a motivated purchaser to simply step up and enjoy the benefit of securing an established, well-run, and profitable turnkey operation. The asking price includes a pick-up/delivery truck with fully covered deck and hydraulic tail-lifter, chattels - including an array of display cabinets - a selection of tools, all stock, and by no means least, a strong brand that has been built over many years of providing a first-rate service. For additional information including financial information please contact me directly. Please expect to complete a confidentiality agreement prior to information being released. I look forward to discussing this unique business opportunity with you and to joining you to view the business premises, plant and stock. We are excited to offer you this opportunity at an unbeatable price: $55,000 plus GST plus SAV

$55,000 + GST + SAV

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

Discover the epitome of heritage charm and entrepreneurial potential and embark on an exceptional venture with this unique opportunity - a magnificent 690m2 (approx.) furnished* 5-bedroom heritage home, 5,565m2 of landscaped grounds, a licensed wedding and hospitality business, and a furnished* 3-bedroom charming bungalow with its own title - a property like this comes rarely available! Located in Masterton, the iconic Lansdowne House, one of Wairarapa's cherished hospitality establishments, is for sale! For over 50 years, Lansdowne House, a fully licensed establishment with commercial kitchen services, has been a cherished wedding and hospitality venue. Featuring an opulent ballroom, intimate dining area, and a cosy lounge bar, every corner exudes charm and hospitality. Exuding architectural grandeur with heritage interiors, open fires, exquisite chandeliers, antique furnishings and timeless native timber panelling, this furnished*, grand Tudor-style mansion sets the perfect ambiance for unforgettable events. A beautiful native timber staircase graced by chandeliers and stained-glass window elegantly connect you to the four grand bedrooms, including a luxurious master suite, opulent main bathroom and two ensuites. Unleash the potential to create additional bedrooms in the library and office rooms and stamp your mark on the servant's quarters. Nestled within meticulously landscaped grounds featuring majestic trees, rose gardens, water features, and an arched bridge, this property offers a romantic and serene backdrop for weddings and private events. Lansdowne House, a historic masterpiece, awaits your energy to carry on its legacy! Whether you continue the venture or bring your vision, this heritage gem awaits. Sold as a "going concern", it's not just a property; it's an iconic business! Contact us today for your own private viewing! ** Excluded chattels apply

By Negotiation

Discover Wairarapa

New Zealand's best-kept secret. A warm climate, outdoor adventure and the best wine and cuisine.

Request for information files


Terms of Supply

By accepting the information contained in the Property Brokers Information Files, I acknowledge I have read, understood and accepted the terms on which the information is made available:

  • It is acknowledged that any LIM report/builders reports/title search information or other property information documents that have been supplied by Property Brokers have been provided to interested potential buyers for general information purposes only, and may not have been sourced directly from providers by Property Brokers.
  • Neither Property Brokers nor their client (vendor) warrant the accuracy, completeness or currency of this documentation and nor do they accept liability for any errors or omissions in these documents.
  • All interested potential purchases should conduct their own due diligence, and obtain and rely on their own documents and legal/specialist advice as required from a person/company of their choosing.
  • Any purchase decisions are made entirely on reference of potential purchasers own judgement and they have satisfied themselves on all aspects of the property independently. Such decisions have not been made upon reference of the documents received in the Information Files supplied by Property Brokers.
  • By requesting the Information Files, you give consent for the real estate agent to communicate with you.