To describe this as Masterton’s most admired building would be an understatement.
Originally built in the 1930’s for the Masonic Order but now strengthened to 70% of the NBS, 109 Chapel Street has been lavishly restored.
There are two tenants. The ground floor is occupied by the very contemporary Saint Sebastian restaurant and bar. The first-floor is leased to legal practice, Core Legal. This is a firm of three partners, all with extensive legal experience in the Wairarapa.
Standing behind Saint Sebastian restaurant is chef Caleb Kloeg. The Kloeg family also owns Masterton’s famous Ten O’clock Cookie Bakery/Café and the equally renown Clareville Bakery north of Carterton.
Net rental is $116,000.00 plus GST.
The lease terms are 8 years and 4 years respectively, with multiple renewals.
Tender closes midday Thursday 27th May 2021
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