.199 Thames Street, Morrinsville, Matamata-Piako

Big on space, big on exposure

•Prime retail multi tenanted
•954sqm (approx.) floor area
•Rear access with car parking
199 Thames Street in Morrinsville is now fully leased, providing a combined rental income of $88,000 per annum plus GST and outgoings. The property spans a landholding of 1,206 sqm (more or less), with a building footprint totalling approximately 954 sqm (approx.). With the final tenancy secured, investors benefit from reliable income while holding a strategic Main Street position in the heart of this growing Waikato town. The property is anchored by a long-standing tenant, Good as Gold, which has operated from the site since 2011, and is complemented by a second lease that has brought the building to full occupancy.
The location directly on Thames Street offers excellent visibility, high pedestrian traffic, and easy rear access with parking, all of which support the tenants' businesses and underpin the investment strength of the property. While the building is fully occupied, it retains clear potential for an add-value investor seeking to capitalise on its profile, structure, and scale. Future refurbishment, reconfiguration, or redevelopment could enhance returns and long-term value, while the current leases provide income certainty in the meantime. This is a rare opportunity to secure a fully tenanted investment with both immediate returns and compelling upside.