•Strengthen to add value
•Main Street offers prime positioning
•Returning $36,000pa +GST and outgoings
A prime add-value opportunity in the heart of Thames. This 508sqm (more or less) freehold site on Pollen Street is a low-entry investment with future upside.
Currently returning $36,000 GST and outgoings per annum, the property provides immediate cash flow with room for growth. The 200sqm (approximately) building, built in the 1930s, has double brick walls and steel trusses. An 18% NBS rating presents an opportunity to strengthen, upgrade, or redevelop for higher returns.
High visibility and accessibility make this main street location attractive for tenants. The rear service lane and parking add further functionality. Seismic strengthening, layout reconfiguration, or a fit-out upgrade could enhance rental income and capital value.
A motivated seller has set an auction date, making this a genuine opportunity to secure a main-street asset with growth potential.
