Today the result is the showroom offices for Kia Motors, with Eastwood Motor Group.
Mr Hoggard is putting the 27sq m office, with turret, kitchen, toilet and decking, up for sale, to make way for a refurbishment and new showroom at Eastwood.
It is being advertised for sale by tender in the Times-Age and listed on Trade Me with a 'buy now' price of $15,000.
He said he got the turret while at the demolition site looking for material to recycle.
"I was looking for glass, and I decided to buy the turret," he said.
"Then the demolisher rang me and said, 'do you want the floor'?"
That was not an easy question, because the floor was a 200mm-thick circular concrete slab, left sitting on the corner of Queen St and Bannister St.
Fortunately, a contractor loaded it up for him and delivered it to Majestic.
The circular floor can still be seen underneath the office, which overhangs it.
Mr Hoggard sold the business in 2011 but still owns the land. His ad is for sale and removal.
He described the tower as "way out of its time" for Masterton.
"It's a bit of modern history, possibly a wee bit out of touch with Wairarapa."
When asked what his motivation was for buying it, he said it was "unique".
He told the Times-Age reporter in 1997 he had new office plans drawn up for Majestic Motors but was not happy with them.
"We wanted something special - it was good timing.
"I would sooner not see it trashed if possible. Maybe it could make a little bach."
Tenders close on May 27.