The land and building housing a locally well-known New Zealand-owned and operated home furnishing store have been placed on the market for sale.
The single-storey property at 513 Pollen Street in the Waikato township of Thames is home to Superprice Furniture – one of the biggest home furnishings retailers in the Hauraki Plains and Coromandel Peninsula areas.
The store's modern 460 square metre premises sits on some 657 square metres of freehold land zoned commercial 8B under the Waikato Regional Council Plan. The site once housed the Thames branch of the ANZ bank.
Superprice Furniture has a new three-year lease on the Pollen Street premises running through to 2022, with two further three-year rights of renewal – generating annual rental of $57,500 plus GST and additionally paying all operational expenditure.
The land and building have been placed on the market for sale for $1.1million through Bayleys Hamilton. Salespeople Josh Smith and Daniel Keane said that when the ANZ's safe was removed in 2014 when the bank vacated the site, the building underwent substantial earthquake strengthening.