Prime investment on Queen
89, Queen Street, Masterton, Masterton
- Proposed Usage
- Floor Area
- 553.00 m²
- Land Area
- 605.00 m²
- Property ID
•Modern building with frontage to Masterton's prime retail strip
•Fully tenanted investment returning $50,500 pa. + GST net
•Split risk, mixture of modern retail and mezzanine apartment accommodation
•Established national brand as anchor tenant
The property is extremely well located being prominently positioned in the centre of Masterton's prime retail precinct, situated amongst other key national and local retailing brands.
A new two-year lease Coin Save underpins the investment opportunity with two further two year rights of renewal with annual market reviews. The tenant has been in occupation since the completion of the development and has made themselves at home, also being the occupant of the extremely well laid out three-bedroom mezzanine apartment.
The well thought out development provides a low risk opportunity to invest in a central CBD retail offering that finds itself on the market for the first time since construction in the mid 2000's.
Call now for full details and viewing arrangements.
Tenders close 2pm 18 Sep 2019 (will not be sold prior)