Listing #:1522172919

King Size Opportunity

Location: 49 Chapel Street, Masterton, Wellington
Property use: Retail
Floor area: 242m2
Land area: 1930m2
Price: To be sold by tender (closes on 29 Nov)
Burger King Masterton provides an excellent high profile passive commercial investment in one of the best locations in this busy Wairarapa town. The restaurant was purpose built to Burger King specifications in 2011 with a lengthy lease in place to Burger King (Antares Restaurant Group Limited).
The freehold fee simple property is situated in a prominent high traffic location at the intersection of Chapel Street (SH2) and Lincoln Road and is within close proximity of McDonalds and several other fast food operators. The main shopping hub (Queen Street) is within easy walking distance.
With an initial lease term to 2026 and ongoing growth through Annual CPI rental adjustments, this is a tasty commercial investment that you’ll want to own.

Call the Joint Sole Agents now for an information memorandum

Features

• $242,316.62 + GST pa net rental

• Annual CPI rental growth

• Initial 9-year lease from 1 August 2017

• Lengthy Rights of renewal for 10 years and 5 years

• Purpose built by Burger King in 2011

• Freehold fee simple site of approx 1,930sqm

Agency reference #: RX1171609
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For sale by tender
49 Chapel Street, Masterton, Masterton, Wellington
For sale by tender
Listed: Thu 18 Jan, 3:58 pm
Carl Hastings
The Agency Group Ltd
  • Contact details
  •  (021) 403502

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Advertiser's details

Carl Hastings
  •  (021) 403502
The Agency Group Ltd
(04) 4722066
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Expires: Wed 30 Jan, 3:25 pm
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