Check this: high street banking premises in bustling Thames
The land and main street building which previously operated as Thames’ BNZ bank and now shares space with a community welfare organisation has been placed on the market.
The two-storey premises is conspicuously located on the corner of Pollen St – Thames’ main retail precinct – and Sealey St. The BNZbranded building has extensive on-street parking immediately outside on both roads.
Constructed in 1986 to replace a previous BNZ premises, the current building has an 80 per cent NBS rating following extensive structural strengthening work over recent years.
The freehold, rectangular-shaped land and building at 501 Pollen St is being marketed for auction on June 13 by Bayleys Coromandel.
Salesperson Josh Smith said the address comprised some 860sq m of commercial office space sitting on approximately 845sq m of land zoned commercial under the Thames Coromandel District Council plan.
Currently, the property generates annual rental income of $128,500 plus GST and operating expenses, with both tenants operating independently of each other. The land and building have been owned by the family for some 40 years and the vendors are selling it to distribute the proceeds among family.
Smith said that as a branch serving both the Coromandel Peninsula and Hauraki Plains, the BNZ premises encompassed public reception areas, small meeting rooms, teller counters, an ATM facing on to the pavement and back-office staff bathroom and lunchroom amenities. The tenant has refurbished and modernised the ground floor over recent years.
BNZ is the main tenant and pays $112,000 plus GST and operating expenses annually for the ground-floor lease, with three four-year rights of renewal delivering a potential final expiry date of 2033. The branch operates two days a week.
On the first floor, accessed by both a lift and internal stairwell, the other tenant is women’s refuge organisation Te Whariki Manawahine O Hauraki, a society that supports women and families to heal from the impacts of violence.
Te Whariki Manawahine O Hauraki is on a lease paying $16,500 plus GST and operating expenses annually, with three three-year rights of renewal delivering a potential final expiry date of 2031. Its space is configured into a mix of open-plan areas, along with offices, training rooms and consulting suites, adjacent to bathroom and lunchroom amenities.