501 Pollen street, Thames, Thames-Coromandel

Good news banking is back

•Tenanted investment- two tenancies
•BNZ has reopened to full time hours
•Strengthened to 80% of NBS
•Returning $128,500pa +GST/OPEX
BNZ is pleased to announce its Thames branch has reopened, restoring its original five-day-a-week service. Serving the wider Hauraki Plains and the greater Coromandel Peninsula, the BNZ Thames branch offers a comprehensive range of services, including face-to-face client interactions, meeting rooms, teller services, and an ATM.
The branch has undergone significant refurbishment and modernization of the ground floor space, ensuring it meets the high standards of larger city branches. The reinstatement of full-week hours has been well-received by many and signifies "business as usual" from one of New Zealand's leading financial providers.
Located at 501 Pollen Street, this property offers a commanding corner site of 845sqm (more or less), providing excellent exposure in the heart of the area. Constructed in 1986 over two levels, the building replaced the existing bank and has since been split into two tenancies. The ground floor is occupied by BNZ Branch Properties Limited, while the first floor is leased to Te Whariki Manawahine O Hauraki, taking advantage of the expansive office space accessible via a lift and stairwell to the rear.
Currently, the property generates a rental income of $128,500 per annum + GST/OPEX. With a seismic strength rating of 80%, a split-risk tenancy arrangement, and its prime location, 501 Pollen Street commands attention as a solid investment opportunity in a thriving area.