Icon on Queen
25-33, Queen Street, Masterton, Masterton
- Proposed Usage
- Floor Area
- 1240.00 m²
- Land Area
- 1161.00 m²
- Property ID
•Substantial freehold building with Queen Street frontage
•Diversified mixed use investment with multiple tenancies
•Situated in the heart of the Masterton CBD
•Current net income of over $65,000 + GST with significant upside on vacant tenancy
This art deco icon of the Masterton CBD is offered to the market for the first time in 15 years. Formerly the State Theatre complex, the property has been reconfigured to comprise a mixture of commercial, apartment, and storage accommodation.
The property comprises a total of 5 commercial tenancies and 2 residential apartments with the former auditorium accommodation currently vacant. The property has a considerable frontage to Queen Street and dual access from Cricket Street at the rear.
The Masterton district comprises a strong and ever-increasing population base, projected to increase with significant residential development in the pipeline. This will only enhance the potential of commercial property in the region. Don't miss the opportunity to secure your investment here.
Tenders close at 2pm, 19 Sep 2019 (will not be sold prior).