5 Albert Street, Masterton
price TBC
1,700m2
![Land Area](/media/icons/area-blue-icon-2x.png?width=32&height=32&format=webp&token=E4rEC8CGFTqOAA8F59c5oRBX3%2B18ClSDmbzTyj6G118%3D)
1,150m2
![Floor Area](/media/icons/floor-blue-icon-2x.png?width=32&height=32&format=webp&token=E4rEC8CGFTqOAA8F59c5oRBX3%2B18ClSDmbzTyj6G118%3D)
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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
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)