5 Albert Street, Masterton

price TBC

1,700m2

Land Area

1,150m2

Floor Area
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Solid Investment

5 Albert Street, Masterton Negotiation Floor 1150m2 Land 1700m2 •Fully tenanted 1150m2 commercial building strengthened to 70% NBS. •On prime 1700m2 freehold site conveniently located close to the CBD and State Highway 2. •Access to exclusive and shared parking. •70% of building interior and exterior refurbished. •Refurbished area occupied by Government tenant (Corrections) with 4 years of lease still to run plus two three-year rights of renewal. Currently returning $126,500pa + gst. Next market review October 2021. •Remainder of building recently tenanted by established fitness centre. Three-year lease with three-year right of renewal. Returning $24,220pa + gst. Annual CPI reviews with market review prior to renewal. •Outgoings close to $24,000pa + GST giving net yield of approximately $126,500pa + GST per annum.

5 Albert Street, Masterton

Web ID

MC77555

Floor area

1,150m2

Land area

1,700m2

RV

$1280000

price TBC
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