Property Description

An office building without parallel in the growing Wairarapa. This very modern property with a terrific high-stud ground floor occupies a very prominent NW-facing corner on SH2 in the centre of Masterton.

Fully leased – it is future-proofed, being spacious, modern and light throughout. There are two principal tenants and two ancillary leases, one being a purpose-built modern storage/garage addition of 76m². There are 17 car parks.

This is also one of Masterton’s few two-level buildings with lift access to the second floor.

If pride of ownership and positive tenant relationships matter for you – then inspection of this investment should be a priority.

The net rental, at $60,866.00 is well below market by virtue of the vendor being a philanthropic trust.

Tender closes 12:00pm Thursday 1 July 2021

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Number one office investment in the Wairarapa

101 Chapel Street, Masterton

584 m²
Basic Details
Listing ID : 1424
Listing Type : For Sale
Land Area : 959 m²
Floor Area : 584 m²
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