•Split risk with three tenancies
•Returning $118,375.21pa + GST & outgoings
•Add value opportunity
•Main Street with rear access
Positioned on the main street of Thames, this 588sqm (more or less) freehold site with 810sqm (approximately) of building area offers buyers an income-generating opportunity with room to improve, adapt, or simply hold.
The property is split across three separate commercial units at street level, each paired with a residential flat above. Current tenants include a bakery, a superette, and a restaurant — all long-standing local operators. Each flat is accessed independently and benefits from dual access via the front entrance and a rear service lane. Four onsite car parks are included, with two allocated to the superette and two shared by the other tenancies.
With a combined return of $118,375.21 + GST & outgoings, the property ticks boxes for yield-focused buyers while offering future flexibility. There’s potential to refresh the exterior, reconfigure tenancy layouts, or explore longer-term repositioning to better suit the evolving needs of Thames' commercial centre.
Some buyers may overlook this one based on first impressions — but those who inspect will see an add value building, active leases, and untapped potential in a highly visible location. Whether you’re looking to collect rent and review over time or step in with a plan to extract further value, this property is worth a closer look.
