PRIME INVESTMENT - OCCUPIED BY WESTPAC

237 Queen Street, Masterton

Retail For Sale

Tender closing Thursday 6 Jun 2019 at 2pm     Tenanted Investment
Land Area: 503.00 m2.    Floor Area: 467.00 m2.    

Car Spaces: 8   

Description

Wairarapa is a special part of New Zealand. Located close to Wellington, it's currently experiencing steady economic growth and population is increasing.  At the heart of the region Masterton is enjoying good growth, benefitting from the strong rural economy and growth in population and visitor numbers. 

Westpac Masterton occupies a prominent high profile site with extensive frontage to Queen Street. The property is located on the main retail CBD thoroughfare and therefore benefits from high local traffic volumes. 

Westpac Masterton is situated next to the Countdown Supermarket, close to heart of the main retail area. Other national retailers in the immediate area include Kathmandu, Briscoes, Specsavers and Farmers. 

The site consists of a freehold fee simple flat site of approx 503m² as well as a half share of a rear lot for car parking. The building (467m²) was built in 2008 and leased to Westpac (NZ) Investments Limited.

For more information contact Mike Laven on 021 681 272 or email mike.laven@colliers.com

Features

  • 100% leased to Westpac (NZ) Investments Limited
  • High Profile CBD location
  • Simple and affordable asset class
  • Lease structured to provide annual growth
  • 100% NBS

Sale Areas

Area Size
Building Area 467m²
Land Area 503m²

Map

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