Coromandel Real Estate

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517 Pollen Street

Coromandel Peninsula
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1410sqm
517 Pollen Street Coromandel Peninsula
proudly marketed by
Rebecca Baldwin
One Agency Property Team
Bustling township offers investment with potential
-Approximately 1410 sqm freehold standalone investment -Current net rental income circa $ 110,000 + GST -Long term national anchor tenant -Multiple income streams -Zoned commercial 8B with potential for conversion. Vendors instructions are clear, this must be sold to enable another acquisition. Comprising of a two-storey character building approximately 1,410 sqm on a Freehold 1,521 sqm site on the busy western side of Pollen St, the main road through the vibrant Thames township. The anchor tenant Kiwibank and New Zealand Post (who have been in situ for over 80 years), occupy the ground floor. With multiple tenants occupying the first floor, together they return approx. $138,000 plus GST as a gross income. Considered to be in the core retail area of the township and surrounded by fully tenanted commercial retail premises with a nearby link to the Goldfields retail complex, this building occupies an enviable site and is ideally positioned for future development potential. This building will be sold at a 8% return on investment which prices it at $1,375,000 plus GST if any. For a link to the information please contact David Schmidt.
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Upload by Brodie Geerlings
Bay of Plenty
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