520 Pollen Street, Thames, Thames-Coromandel

High profile retail location with holding yield

Positioned in the very heart of Thames' established retail precinct, this high-profile main street property presents a rare opportunity to secure a tightly held asset with both immediate income and compelling future upside. Held by the same ownership for over 40 years, the property has long been home to the iconic Snowden's Menswear store — a testament to the strength and consistency of this location.
Now offered to the market for the first time in decades, the property provides flexibility to suit a range of buyers, with options for continued income or a fresh start. The existing tenancy delivers a valuable 12-month holding income stream, offering purchasers the benefit of cashflow from day one while planning the next phase of the asset's evolution.
Surrounded by proven national retailers including Noel Leeming and Farmers, the position speaks for itself — a cornerstone location within Thames' retail landscape.
The approximately 300sqm(more or less) single-level building sits on a 506sqm(more or less) freehold site and is configured to accommodate two tenancies. One is currently occupied, while the second provides immediate leasing or owner-occupier potential — a true blank canvas for those looking to add value.
Adding further appeal, rear laneway access leads to on-site parking for up to six vehicles — a practical advantage in a busy town centre setting.
With current net income of $28,137pa plus GST and clear scope to enhance returns, this is an opportunity to secure a strategic retail holding with both character and potential. Whether you are an owner-operator seeking presence, or an investor with vision, this property offers the foundations for its next successful chapter.