119-121 Queen Street, Masterton

price TBC
324m2
Land Area
640m2
Floor Area

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

Fixed floor coverings, Light fittings, Curtains, Smoke detector(s), Burglar Alarm, Ground Floor: 1 counter (at entrance); safe; shelving; filing cabinet; office desk; office chair; kitchen table; 3 kitchen chairs; timber cabinet with sliding doors; glass wall cabinet; 2 ceiling mounted air conditioning units; sound system; microwave; fire hose on reel. First Floor Flats: 4 stoves (flats 1, 2 ,3 & 4); 4 rangehoods (flats 1, 2 ,3 & 4); 4 washing machines (flats 1, 2 ,3 & 4); 3 fridge/freezers (flats 1, 2 & 3); dryer (flat 3); 4 extractor fans (flats 1, 2 ,3 & 4); entrance keypad; 4 heatpumps (flats 1,2,3 and 4); emergency lighting.
119-121 Queen Street, Masterton

Web ID

MC74029

Floor area

640m2

Land area

324m2

District rates

$10803.60pa

LV

$245000

RV

$760000

price TBC
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Contact


Greg Ariell

Greg Ariell

027 435 6327

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MC74029

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