Savills as Sole Agents, are proud to present 48–54 Thames Street, Oamaru now re-offered for definite sale under clear instructions from the bank: this property MUST be sold.
All previous price expectations are to be disregarded, all offers are to be presented.
Positioned in the heart of Oamaru’s thriving commercial precinct, 48–54 Thames Street offers a commanding corner profile with three street frontages, presenting an outstanding opportunity for investors, developers, or owner-occupiers.
Comprising approximately 1,966 m² of lettable area across a 779 m² freehold site, this versatile commercial building delivers immediate holding income with significant upside potential through leasing and repositioning.
The property currently provides an income of $96,645 + GST per annum from anchor tenants St John and National Decorators, with a projected market rent exceeding $200,000 + GST offering substantial scope for value growth.
Property files available upon enquiry: https://www.propertyfiles.co.nz/property/048199S
Key features:
- Approx. 1,966 m² total lettable area (approx)
- 779 m² freehold landholding (approx)
- Three street frontages (Thames, Steward & Medway Streets)
- Prime corner position in Oamaru’s commercial hub
- Architecturally designed building with strong street presence
- Anchor tenants St John and National Decorators
- Potential rental income exceeding $200,000 + OPEX & GST
This investment will be sold via deadline sale (unless sold prior) closing Thursday, 04 December 2025, 4:00 pm (NZT) and we will be considering all Conditional and unconditional offers.
Please do not hesitate to enquire with us today.
