Purchase in NZ’s fastest growth market

Masterton, Masterton

$1,350,000

Proposed Usage
Office
Floor Area
11852.00 m²
Land Area
16102.00 m²
Description:
Property ID
1c6rs6r

"The Wairarapa economy is growing faster than either Auckland or Wellington (Infometrics quarterly Economic Monitor to 30.9.18) and is not expected to slow anytime soon.
8-12 Perry Street is a property able to cater to growth. With an NBS rating of 70% it exceeds many other Wairarapa properties from which tenants will gradually vacate. It's modern fit-out, concrete floors and very generous, open car park makes it an obvious choice for business.
With present office tenants, surveyors, engineers and accountants, plus Helloworld's very smart ground floor tenancy 8-12 Perry Street provides definite pride of ownership - as well as opportunity for reasonably quick growth from leasing the 200m2 of retail space presently vacant.
Features:
» Office/retail investment - 73% leased - rental growth ahead
» Prime location
» Land: 1610m²
» Building: 1185m²
» 20+parks
» Tenants including professionals and Helloworld
» Net rental $114,000 pa
» NBS 70%

Agents:


Lawrence Cheetham
027 463 4144
lawrence.cheetham@gollins.co.nz

Chris Gollins
021 422 227
chris@gollins.co.nz






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Masterton Area