For the first time in more than 75 years, a landmark property at 580 Pollen St, Thames, is for sale.
Positioned prominently in the heart of Thames’ historic main street, the building presents an exceptional opportunity for investors, developers and heritage enthusiasts.
With no known heritage restrictions, the property offers significant flexibility for renovation, repurposing or redevelopment.
The double-storey commercial building stands out with its prime road frontage in the busy Thames CBD, making it a high-visibility asset in a sought-after location.
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The property currently generates approximately $65,000 a year through three income streams: long-term tenancies to The Re Store Eco Market and Snipz Hair Salon on the ground floor and a fully self-contained, recently refurbished two-bedroom apartment above, which operates successfully as an Airbnb.
Constructed of robust materials, including double brick, concrete block, timber framing, an iron roof and concrete and timber flooring, the building has been well maintained and updated over time. The site offers ample off-street parking for around 11 vehicles, adding significant tenant and visitor convenience.
The property sits on an L-shaped parcel that opens up an exciting opportunity for subdivision of approximately 200sq m. This option could be particularly valuable to a neighbouring property owner, who would benefit from rear access to their current tenancies.
Conversely, a purchaser intending to redevelop the entire site would likely limit rear access to the adjoining properties, enhancing privacy and control over the space.
Owned for more than seven decades by the respected A. Court and Son family, the property is being offered with instructions from the vendor at $1.295 million plus GST (if any).
Thames is one of New Zealand’s most historically significant towns, originally a bustling hub during the gold rush era. While it retains its heritage charm, the town is now a vibrant regional centre with a strong retail and commercial presence, attracting both tourists and local trade.
Vacancy rates in the CBD are estimated at less than 10 per cent, reflecting the strength of the local market.
Just 80km southeast of Auckland, Thames offers excellent connectivity while maintaining a laidback coastal lifestyle. With its strong community, access to recreational opportunities and thriving tourism, the town continues to grow as both a lifestyle and investment destination.
“This is more than a commercial property, this is a rare opportunity to own a slice of Thames’ rich history while enjoying immediate returns and future development flexibility,” says NAI Harcourts commercial broker Dave Lane.
- Supplied by NAI Harcourts
