• Split risk with three tenancies
• Returning $118,375.21pa + GST and OPEX
• Seismic rating 70% of NBS
• Main Street with rear access

Positioned on the main street of Thames, this 588sqm (more or less) freehold site with 810sqm (approx.) 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/OPEX and a 70% NBS seismic rating, 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 a building with solid bones, 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.