160 State Highway 2, Masterton, Masterton

Repurpose or redevelop - 2.92ha site

Receivership Sale - 160 State Highway 2, Masterton
•Strategic 2.92ha freehold site on Masterton's northern fringe
•7,678sqm of buildings including warehousing, food-grade facilities, and two dwellings
•Industrial zoning with proposed shift to General Residential
•Established grounds with sealed yarding, mature trees, and stream reserve at rear
•Offered by receivers - sold ‘as-is, where-is', no warranties
A rare opportunity to secure a large-scale landholding in a rapidly evolving location. Positioned just north of Masterton's urban boundary, this 2.92ha (more or less) site offers flexibility for investors, occupiers or developers with a long-term view.
Developed and occupied for decades as a food processing and warehousing facility, the property includes approx. 7,678sqm of buildings - comprising dry storage, food-grade processing areas, admin space, and two dwellings (currently tenanted).
Zoned Industrial with a proposed shift to General Residential under the Wairarapa Combined District Plan, the flat, accessible front portion of the site (~2ha) offers genuine scale for redevelopment. Surrounding land has been acquired for residential expansion, including a major retirement village extension immediately adjacent.
Buyers should consider options to repurpose, hold, or redevelop the site entirely. Planning and infrastructure overlays will need to be assessed - but land of this size, position, and profile is tightly held and rarely available.