Fondly known as the AA Building, this iconic 1960s property was originally constructed for the local Automobile Association and occupies a prominent west-facing position on busy Chapel Street, Masterton.
The ground floor (approximately 320m²) is NOW LEASED to long-term tenants, providing immediate holding income. It is well configured as office accommodation, with nine offices of varying sizes, an open-plan workspace, boardroom option, and quality staff kitchen and bathroom facilities.
The first floor (approximately 285m²) remains AVAILABLE FOR LEASE, offering a largely open-plan layout with impressive 360-degree views, including stunning outlooks to the Tararua Ranges. This level presents excellent flexibility-ideal for office space or with potential for future multi-residential apartment conversion. This level has its own external access.
A minimum of six on-site car parks are located at the rear of the building, with ample all-day free Council parking available directly across Chapel Street.
The building is also OFFERED FOR SALE, presenting a compelling opportunity to secure a high-profile investment with established income and future upside.
Asking $1,100,000
Call David McHattie 021 447 041 or Tom Roseingrave 027 433 3216 today for viewing or further details
