517 Pollen Street, Thames, Thames-Coromandel

NZ Post Portfolio

- A profile freehold standalone investment
- Prime main road position in the vibrant Thames township
- Fully leased currently returning $123,150.48 + GST pa (part gross)
- Anchored by a long term lease to New Zealand Post Limited

A beautifully presented character building comprising of ground floor retail and offices above. The property is anchored by a long lease to NZ Post Limited while the offices over the ground floor premises are all on periodic leases providing genuine add value opportunities through increasing the rental or conversion.

The property stands proud on busy Pollen Street, the main strip through the vibrant Thames township. It is in an enviable high profile position and is well positioned to benefit from the planned pedestrian link to Goldfields Mall.

New Zealand Post Limited have a long term lease over the ground floor areas and pay $100,000 plus GST (pa) gross. Upstairs are serviced offices with an additional $21,950 + GST pa currently being received from occupied suites. Further income of $1,200 plus GST pa comes from a telecommunications antenna.

See more at www.nzpostportfolio.co.nz