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Masterton 162 Queen Street, Masterton

ID CC167618
By Negotiation

Masterton commercial icon

After 28 years of ownership and being well into their retirement the owners have decided to sell this landmark Masterton commercial building constructed in 1956 for the Colonial Mutual Life Assurance Society. Located in the CBD on the northern corner of Queen and Perry Streets, the building enjoys a high profile which is accentuated by its solid construction over two levels and unique Art Deco Style. The facade of the building is regarded as architecturally significant and is listed as a heritage item in the Wairarapa Combined District Plan.

The eastern and southern frontages, which open to the street, feature multiple large windows making the ground floor ideally suited for retail use. Currently, the ground floor is configured as three tenancies - all of which are leased.

The first floor, accessed via a central stairwell opening from the footpath at the side of the building off Perry Street, comprises nine rooms of varying sizes along with separate women's and men's toilet facilities. Most of the building's original internal features on the first floor, including the stairwell and mosaic-tiled entrance foyer, have been retained and are in excellent condition imbuing a characteristic period feel. Street views from the second level out through steel framed windows, which give the interior an industrial chicness, add to its appeal. The first-floor rooms have been routinely rented for use as offices and studios, but the floor as a whole lends itself perfectly to development as apartments offering boutique -inner-city- living.

The property, which encompasses two freehold titles, includes two off-street carparks.

Additional information about this very unique and desirable property is available on request. All viewings will be by appointment and restricted to weekdays (Monday to Friday) between 10.00am and 4.00pm.
Features
Area | 550.00m2Land | 316 m2Rates | $12,422.30RV | 820,000
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Greg Ariell

M  027 435 6327  P  06 379 7876

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