Positioned on one of Masterton’s key arterial routes, this substantial 3,685sqm (more or less) holding presents a rare opportunity to secure a prominent industrial property close to the CBD.
The property comprises approximately 1,450sqm of existing buildings across three separate structures, including the former Masterton theatre, together with extensive yard areas and valuable exposure to Masterton’s bypass route.
Offered in its current form, the property provides purchasers with the flexibility to assess the existing improvements and determine the best use of the site. Alternatively, buyers may negotiate for the buildings to be demolished, and the property cleared before settlement, providing a potential pathway towards a clean redevelopment platform without having to undertake the initial demolition themselves.
Its combination of scale, profile and proximity to the CBD makes the property suitable for a wide range of prospective purchasers. Owner-occupiers may explore adapting the existing buildings, while developers and land-bankers can consider the longer-term potential of a substantial industrial holding in an established location.
The property is conveniently positioned two minutes from Masterton’s commercial centre and Renall Street railway station, with its high-profile frontage providing excellent visibility and accessibility.
Whether purchased as it stands or negotiated as a cleared site, this is an opportunity to secure a sizeable property with genuine flexibility and future redevelopment potential.
For sale by negotiation
