320 High Street, Masterton
price TBC
33,740m2
Large high profile industrial site
3.3740 hectares more or less Lying adjacent to State Highway 2 at the southern end of Masterton, 320 High Street sits on the perimeter of what has become the industrial dress circle for Masterton and the wider Wairarapa region. Neighbours include the Norwood Farm Machinery Centre, Wairarapa Machinery Services, Tumu Building Materials, the BP Masterton Truckstop, TFM Tractors and the recently opened Hunting and Fishing store. A new Harvey Norman outlet is to be opened only a short distance away and development has just commenced on a high-end industrial park on the site's north-western boundary that will complement a similar industrial park in nearby Edwin Feist Place. With the eastern boundary running alongside State Highway 2 there is considerable scope to benefit from exposure to the large volumes of traffic that already pass the site seven days a week. Add to this a footprint of nearly 3.4 hectares and the site's development potential becomes immediately apparent - whether as a further industrial park, a warehousing centre, or a large single or multi-tenanted manufacturing complex. The possibilities are numerous. The site is home to a number of older but still very useable and sought-after workshop-warehouse type buildings which, along with large areas of yard space, have excellent income generating potential and are capable of providing an attractive holding income for anyone contemplating land-banking or a future development. Leasable storage and workshop spaces range from small units of approximately 20m2 through to a workshop-warehouse of 600m2 plus. Opportunities to purchase large tracts of industrial land within predominantly established high-end industrial precincts seldom arise. With this property having been owned by the same family for the past 28 years and only just released to the market, and with nothing similar available in the vicinity or likely to become available in the foreseeable future, this opportunity is one not to be missed.
Chattels
320 High Street, Masterton
Web ID
MC53257
Land area
33,740m2
District rates
$8795.40pa
price TBC
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