1100 Queen Street, Thames, Thames-Coromandel

Fully Leased - Affordable Industrial Investment

• Single tenant net lease renewed September 2021 for 4 years
• Net annual income $46,901.42 Plus GST and OPEX
• 2 yearly CPI Adjusted rental reviews
• Land area 3702sqm Industrial zone

This high-profile light industrial property with 260sqm of office/amenity and work shed buildings is currently leased to Coast Civil Limited and represents a strategic landholding close to Thames Town Centre and its ample amenities. The size of this investment opportunity should appeal to small to medium scale investors, and residential investors considering a move away from increasingly rigorous legislation impacting the residential investment sector.

With fully sealed yard, commercial vehicle wash bay, toilets/showers, assorted buildings, and security fencing this property represents a potentially strategic investment in land with a healthy holding return for those with an eye to the future.

Thames is located approximately one hour thirty minutes' drive time from Auckland, Hamilton, and Tauranga where the combined population is equivalent to 50% of New Zealand's total population. Thames is also recognised as the commercial and service industry base for the Coromandel Peninsula.

Thames and Thames Coast has become increasingly popular with families and business people from Auckland moving to the region, offering the best of both worlds: close to the big city activities, culture and business, whilst allowing its residents a calm and relaxed lifestyle amidst great community spirit.