Masterton Commercial Site Returning 7.9% Freehold

Masterton

$815,000

Proposed Usage
Development Site
Floor Area
1348.00 m²
Land Area
2480.00 m²
Description:
Property ID
1c11x5z

Hope Street, Masterton: At the North Western sector of Masterton township on the immediate fringe of the CBD.

Freehold site of 2,380 sqm.

Ca 1607 sqm (gross floor area) of factory, workshop, amenties and mezzanine.

Level site with south easterly aspect. All normal township services including electricity, water, storm water, and sewerage reticulation.

Comprised of two buildings, one constructed in 1971/72 with addition in 1978 - concrete floor with steel portal frame. Internal stud height between 5.8m and 6.1m. Second circa 2012 - concrete floor with kitset steel structure; in ground concrete vehicle inspection pit.

New lease will be established with current tenant, the current property owner.

Price $815,000 (returning 7.9%)

Contact the agent for an information memorandum.

Enquire about this property

Masterton Area