119-121 Queen Street, Masterton
price TBC
324m2
![Land Area](/media/icons/area-blue-icon-2x.png?width=32&height=32&format=webp&token=E4rEC8CGFTqOAA8F59c5oRBX3%2B18ClSDmbzTyj6G118%3D)
640m2
![Floor Area](/media/icons/floor-blue-icon-2x.png?width=32&height=32&format=webp&token=E4rEC8CGFTqOAA8F59c5oRBX3%2B18ClSDmbzTyj6G118%3D)
![](/media/icons/sold-flag-sm.png?format=webp&token=HKsVXE3xcokgL2eT%2Fiu0xsO8TULU4V%2Fa22PwtFSikdk%3D)
![](/media/listingimages/MC74029_8995335.jpg?height=1068&rmode=crop&format=webp&token=N1yIKKOJmZL1Wgx%2BKHCbB5%2BOEPhq8vC7GD%2BkJqxfpe0%3D)
![](/media/icons/sold-flag-lg.png?format=webp&token=HKsVXE3xcokgL2eT%2Fiu0xsO8TULU4V%2Fa22PwtFSikdk%3D)
![](/media/listingimages/MC74029_8995298.jpg?height=532&rmode=crop&format=webp&token=lL05etfxUDFU3MVxe0ieO5s%2F3tlFx66kv9ON4bIpwZA%3D)
![](/media/listingimages/MC74029_8995302.jpg?height=532&rmode=crop&format=webp&token=lL05etfxUDFU3MVxe0ieO5s%2F3tlFx66kv9ON4bIpwZA%3D)
Unique Investment Opportunity in Prime Location
119-121 Queen Street Masterton. Floor Area: 640m2 more or less Land Area: 324m2 more or less • Income derived from both commercial and residential tenancies. • Four flats on first floor - 2 x two-bedroom and 2 x one-bedroom. All flats recently fitted with new heatpumps; one flat has just been repainted and fitted with new extractor over stove, and re-tenanted. • Established retail outlet on ground floor. Recently re-leased by new business owners. • Prominent corner site on the main street of Masterton's CBD. • Convenience of bus stop alongside entrance to flats. • Ground lease paid to Masterton Trust Lands Trust - set at 5% of rateable land value fixed every 7 years. • Net income circa $60k+. • Excellent opportunity to purchase a high yield investment property in the thriving Wairarapa.
Chattels
119-121 Queen Street, Masterton
Web ID
MC74029
Floor area
640m2
Land area
324m2
District rates
$10803.60pa
LV
$245000
RV
$760000
price TBC
View by appointment
Contact
![Greg Ariell](/media/salespersonimages/376_3160488.png?width=115&height=115&rmode=crop&format=png&rxy=0.5,0&token=FjeX2QEv73Fa12iLouIaVJLuJMdf7KKJvv3feGW2zN4%3D)