Commercial property for sale

Listing ID: 43160544

Enduring Portfolio Sale

24 APARTMENTS | 48 CAR PARKS | ONE COMMERCIAL UNIT | LANDMARK CHRISTCHURCH ADDRESS
Not for individual sale! A rare opportunity to acquire a substantial apartment portfolio within the iconic Old Government Building at 28 Cathedral Square, Christchurch City.

Comprising 24 fully self-contained apartments and 48 secure car parks, this exceptional offering combines timeless heritage architecture with modern functionality in the heart of the CBD.

THE OPPORTUNITY

• 24 fully self-contained apartments
• 12 one-bedroom and 12 two-bedroom apartments
• Apartment sizes ranging from approximately 45–133sqm
• One commercial unit approx. 560sqm
• 48 secure car parks with internal access
• Separate-title ownership structure
• Seismic rating of 67% NBS (B Grade)
• Prominent Cathedral Square location

Whether you are an established accommodation operator looking to expand, an investor seeking a substantial rental portfolio, or to refurbish the assets to create something spectacular this property offers multiple avenues to consider.

• Operate: Continue or rejuvenate the accommodation offering.
• Hold: Acquire and retain the portfolio as a residential investment.
• Asset Reposition: Opportunity to create one of New Zealand’s most distinctive and strategically positioned luxury accommodation offerings.

Positioned in the heart of Christchurch City, the property is within walking distance of the Christchurch Convention Centre, One New Zealand Stadium and the established hotel and hospitality precinct.

The combination of a landmark heritage building, substantial apartment accommodation, secure parking and a central location makes this a compelling opportunity for investors and operators seeking scale and flexibility.

28 Cathedral Square is offered for sale by Deadline Private Treaty closing Thursday 26th November 2026 at 4:00pm (unless sold prior).

For further information or to request a viewing, contact the Savills sole agents.

Listing ID: 43160553

A landmark ready for its next chapter

Positioned in the heart of Whanganui’s established commercial precinct, 16 Victoria Avenue presents an opportunity to secure a substantial character property with a long history.

Occupying 261sqm (more or less) of freehold land, the property comprises a reported 379sqm of building area and is identified by Whanganui District Council as a Class B heritage property. Formerly associated with the AMP Society and Colonial Bank, the building offers a distinctive proposition for a buyer with the vision and appetite to undertake a significant refurbishment or adaptive-reuse project.

The property’s central Victoria Avenue position provides excellent access to surrounding retail, business and professional services, while the substantial floor area creates scope to explore a range of future uses, subject to heritage requirements, consents and purchaser investigations.

This is not a conventional turnkey investment. The property is being offered as is, where is, providing an opportunity for experienced investors, developers, owner-occupiers or land bankers to assess the property on its merits and determine its future potential.

With character, history, freehold ownership and a prominent central location, 16 Victoria Avenue offers a compelling proposition for those prepared to take on the challenge and create the next chapter for this historic Whanganui property.

Buyers are encouraged to undertake their own investigations and satisfy themselves as to the condition, structural integrity, seismic performance, heritage requirements, compliance, occupation and future use of the property.

For sale by tender closing 2pm, Fri 4 Dec 2026 (will not be sold prior) Bayleys Whanganui, 158 Wicksteed Street.

Listing ID: 43160555

Legacy set in stone

Standing proudly on Whanganui’s premier commercial and retail thoroughfare, 64 Victoria Avenue is a landmark freehold property with a history spanning more than 120 years. Purpose-built in approximately 1912 for J Williams Jewellers, this iconic heritage building occupies a highly prominent position within the heart of the CBD and offers a rare opportunity to secure one of Whanganui’s most recognisable commercial assets.

The building comprises approximately 220sqm of floor area on a 159sqm (more or less) freehold site and retains many features that reflect its heritage origins. Behind the distinctive façade is a versatile layout including a high-profile retail showroom, workshops, storage areas, offices and support spaces, offering flexibility for a wide range of future commercial uses.

Victoria Avenue remains the retail heart of Whanganui, benefiting from strong pedestrian foot traffic, regular vehicle exposure and excellent accessibility. The property enjoys close proximity to key amenities, the Whanganui River precinct, Taupō Quay and major transport routes, making it a highly desirable location for both owner-occupiers and investors.

The long-established jewellery business, including stock, equipment and specialised workshop infrastructure, is available as part of the offering. For the right buyer, there is also scope to build on the business’s established reputation and expand its services. The opportunity to introduce professional jewellery valuation services may provide an additional avenue for growth, with the reported absence of a qualified jewellery valuer in Whanganui presenting a potential point of difference for a suitably qualified purchaser.

This is a chance to own more than a business and a building. It is an opportunity to continue a remarkable Whanganui heritage while taking a respected retail, manufacturing and repair operation into its next chapter.

J Williams Jewellers – a legacy built on craftsmanship, ready for its next owner.

Listing ID: 43160557

Tenanted freehold workshop opportunity

Positioned within Whanganui's established trade and light-industrial precinct, this freehold property presents an outstanding opportunity for investors, tradespeople and owner-occupiers planning for the future.

The property comprises a substantial approximately 340sqm workshop building on a 612sqm (more or less) freehold site, offering a practical and versatile industrial asset in a sought-after city fringe location. Currently occupied by longstanding tenant AMT Auto Electrical, the property provides immediate holding income with a lease in place through to March 2028.

Returning a net rental of $35,740 + GST per annum from 1 April 2026, increasing to $36,680 + GST from 1 April 2027, with outgoings recoverable from the tenant, the property offers solid income while allowing future owners time to plan their next move.

The building features a high-stud workshop, complemented by office and staff amenities, generous workspace and a sealed yard area. Its functional layout and strategic location make it well suited to a wide range of trade, automotive, engineering or light-industrial uses.

Whether you're an investor seeking a well-located industrial holding, or a tradesperson wanting to secure premises now with income in place until occupation becomes available, opportunities such as this are increasingly difficult to find.

Secure the property today, enjoy the income stream, and position yourself for the future.

For Sale by Tender 2pm, Thu 3 Dec 2026 (will not be sold prior). Bayleys, 158 Wicksteed Street, Whanganui

Listing ID: 43160559

Own a Victoria Avenue original

Some properties simply have presence - and Victoria Court is one of them.

Positioned prominently in the heart of Whanganui's CBD, this substantial heritage property offers a compelling combination of character, scale, income and future potential.

Originally built circa 1919, the property comprises approximately 1,084sqm of building area across a 1,012sqm (more or less) freehold site, with a diverse mix of commercial occupiers. The building retains an abundance of character, complemented by a striking central courtyard beneath a glass roof that gives the property a distinctive point of difference.

Adding further appeal is the property's unique configuration, with access connecting Victoria Avenue through to Watt Street provides a level of connectivity and exposure rarely found in a central-city asset.

With multiple tenancies already in place, this is an opportunity to secure a substantial CBD holding while retaining plenty of scope to shape its future.

Whether you're an investor seeking a character-rich commercial asset, an owner-occupier looking for scale and profile, or a buyer with an eye for repositioning and adding value, Victoria Court deserves your attention.

The vendors are motivated to see this property sold.

For sale by auction 12pm, Fri 4 Dec 2026 (will not be sold prior). Bayleys Whanganui, 158 Wicksteed Street.

Listing ID: 43160560

Large-scale development land on State Highway 3

• 1.6980ha (more or less) of freehold, residential-zoned land
• High-profile corner site with State Highway 3 frontage
• Residential, retirement living or large format retail potential (subject to council consent)
• Close to the CBD, Whanganui High School and Springvale Park

237 London Street occupies a high-profile corner of London Street and Purnell Street, Springvale. London Street forms part of State Highway 3, the arterial route linking Whanganui with Taranaki and Palmerston North, giving the site strong exposure to passing traffic. It sits close to the city centre, alongside Whanganui High School and the Springvale Park sports precinct.

The land comprises 1.6980ha (more or less) of freehold, residential-zoned land, largely level and regular in shape. Development land of this scale, this close to the city and on a primary arterial route, represents a standout opportunity in Whanganui. Whanganui District is home to more than 49,000 people and its population continues to grow. Housing remains affordable relative to the national average, underpinning demand for new residential product.

The residential zoning provides for subdivision and staged development, while the scale and exposure of the site suit retirement living and large format retail (all subject to consent). Offered with vacant possession, the property will appeal to developers, land bankers and owner occupiers, with a vendor committed to a result.

For sale by Tender closing 2pm, Thur 10 Dec 2026 (will not be sold prior)

Listing ID: 43160597

Secure, long-term lease to the Crown

*SOLE AGENCY*

Key features:

• Returning $1,651,884pa net + GST with annual CPI and three-yearly market rent reviews
• Secure office and warehouse with dual access and full drive around
• Significant industrial facility in Auckland's tightly held Mt Wellington precinct
• Easy connectivity to SH1 and main arterial routes

A substantial industrial investment in Mt Wellington, one of Auckland's leading industrial precincts. Combining a strategic location, functional improvements and secure rental income, offering investors income certainty and long-term performance. Excellent access to Great South Road and State Highway 1 connects the property to Sylvia Park, Auckland's inland port network and the South Auckland industrial corridor, reinforcing its occupier appeal and investment credentials.

Positioned on a quiet cul-de-sac, the secure site provides dual access, yard area, onsite parking and drive-around access. The functional facility has a high warehouse-to-office ratio and enclosed canopy, supporting varied industrial operations. Backed by a blue-chip tenant covenant and established rental income, the investment offers security, scale and strategic positioning. It appeals to private investors, family offices, wholesale investors and institutions seeking a substantial industrial asset with enduring fundamentals.

Contact the agents below for more information or to arrange a viewing.

Sunil Bhana
021 938 660
sunil.bhana@bayleys.co.nz

Scott Campbell
021 414 107
scott.campbell@bayleys.co.nz

Charlie Tudehope
027 845 4617
charlie.tudehope@bayleys.co.nz

James Valintine
021 023 71868
james.valintine@bayleys.co.nz

Listing ID: 43160602

New Lease. Strong Building. Solid Investment.

An excellent opportunity for the astute investor to secure a standalone industrial property, occupied by a long-standing tenant, returning $127,000 pa + gst & opex.

Situated on a 1,854sqm freehold site, the property offers a total lettable area of 988sqm, including an 800sqm high-stud warehouse, two-level offices and amenities, dual roller door access, secure sealed yard and ample onsite parking. The property has benefited from seismic strengthening works, now achieving 67% NBS, with the latest works completed in 2026.

The tenant has committed to a new three-year lease from June 2026, with two further three-year rights of renewal and scheduled market rent reviews throughout the lease term. Well positioned in Woolston's industrial precinct, with convenient access to the city, main arterial routes and Port of Lyttelton, this is a sound industrial investment worthy of consideration.

• Returning $127,000 pa + gst & OPEX

• Established tenant with new 3-year lease plus 2 x 3-year renewals
• 67% NBS
• 988sqm total lettable area, including 800sqm high-stud warehouse
• 1,854sqm freehold Industrial General-zoned site
• Dual roller door access, secure sealed yard and approximately 15 car parks

https://www.propertyfiles.co.nz/property/5532049

Contact the sole agents today for further information.

Listing ID: 43160630

A Landmark Industrial Investment

Offered to the market for the first time this exceptional freehold industrial property presents a rare opportunity to secure a high-performing investment in one of Christchurch’s most sought-after industrial precincts.

Fully leased to a long-standing and well-established tenant, the property delivers a strong net income of $155,120pa + gst & opex, with a renewed lease term secured through to 31 October 2029. Combining dependable cashflow with a strategic location, this is an asset designed to appeal to discerning investors.

Positioned just off Annex Road in central Middleton, just five kilometres from Christchurch CBD, the property enjoys excellent connectivity to the Southern Motorway, Wigram and key transport routes.

• Returning $155,120pa + gst & outgoings
• 1,531sqm freehold landholding
• Approximately 974.6sqm of lettable floor area
• Long-term tenant with proven occupancy history
• Strengthened to circa 67% NBS
• Generous onsite parking with 17 car parks

Quality industrial investments with secure income streams and strong tenant covenants are tightly held and seldom available. This is an opportunity to acquire a proven performer in a location that continues to attract occupier and investor demand alike.

Contact the sole agents today for further information or to arrange an inspection.

https://www.propertyfiles.co.nz/property/5531942

Listing ID: 43160682

Rare freehold investment in Milford

• Quality entry-level freehold commercial investment
• Prominent Milford location with excellent street profile
• Established healthcare tenant returning $72,590pa

Quality freehold commercial investments in this price bracket are extremely scarce in Milford and across the North Shore. Prominently positioned on Kitchener Road, this property offers investors an affordable entry into one of Auckland's most desirable North Shore locations, with reliable rental income and excellent street profile.

The property benefits from a long-standing optometry tenant providing an established income stream. Having been held by the current owners for 32 years, the property also features a generous rear land area accommodating 7 car parks, offering practical utility and potential future upside.

Milford remains one of the North Shore's most tightly held commercial centres, supported by an affluent surrounding residential catchment, consistently low vacancy and strong demand for both commercial and residential property.

Listing ID: 43160698

Ashbourne | Residential development opportunity

• 430 consented residential lots
• 44.43ha (more or less) master-planned development
• Eight approved development stages
• Consented neighbourhood centre and greenway
• Strategic Golden Triangle location

Ashbourne represents a significant master-planned residential development opportunity positioned on the south-western edge of Matamata. Comprising approximately 44.43 hectares of freehold land, the property benefits from resource consent approval for 430 residential lots across eight stages, together with a neighbourhood centre, extensive greenway and open space network, and supporting infrastructure.

The approved staging structure provides flexibility to align infrastructure investment, capital deployment and section releases with market demand, creating an attractive proposition for developers, institutional investors and land banking groups seeking scale and consent certainty.

Located within New Zealand's Golden Triangle, Matamata continues to benefit from strong regional connectivity, an established local economy and projected population growth, supporting the long-term delivery of a substantial new residential community.

Access to the data room and supporting due diligence material is available to qualified parties upon request. Please contact the sole agents for further information or to arrange a private inspection.

Listing ID: 43160700

Country pub with soul and the upside to match

• Freehold land, buildings and business of a landmark Manawatu country hotel
• Public bar, dining room, commercial kitchen, beer garden and accommodation
• 5,919sqm (more or less) with surplus land with potential to subdivide or expand
• State Highway 54 frontage, approximately ten minutes (13km) from Feilding

Established 1876 The Chelty has traded from this corner for approximately 150 years and remains the social centre of its district, one of the few genuine country hotels left in the Manawatu.

It is offered as a freehold going concern on a State Highway 54 corner ten minutes from Feilding, with public bar, dining room, kitchen, beer garden, accommodation and an owners' residence above.

The upside is the scale of what comes with it. Circa 5,919sqm (more or less) carries open land at the rear with scope to subdivide or expand (subject to council consent), and an established trade with room to expand food, accommodation and function revenue.

Offered as a freehold going concern, including the business and chattels. Vacant possession or a negotiated handover is available.

For sale by deadline closing 2pm, Thur 3 Dec 2026 (unless sold prior)

Listing ID: 43160708

Freehold industrial opportunity in Manukau

• 820sqm (approximately) of refurbished building area
• 1,012sqm (more or less) of freehold land
• High-profile site with front and rear yard areas

Positioned on Grayson Avenue, just off Cavendish Drive, this is an outstanding opportunity for owner-occupiers to secure a recently refurbished freehold industrial property in the heart of Manukau's established industrial precinct.

The property benefits from prominent road frontage, an oversized front roller door and an additional side roller door, providing excellent access and flexibility for a range of industrial operations.

Complementing the building are front and rear yard areas featuring newly laid concrete pads, a highly desirable feature that enhances the property's functionality and appeal.

Recent Refurbishment Works:

• New roof
• New external cladding
• Two new roller doors and motors
• Upgraded electrical switchboard
• New concrete pads to front and rear yards
• Upgraded LED lighting

Manukau remains one of Auckland's most established and sought-after industrial locations, attracting a wide range of manufacturing, logistics and warehousing businesses. Its strategic position provides excellent connectivity to Auckland's motorway network, offering convenient access across the wider region.

With significant refurbishment works completed, this is a rare opportunity to secure a well-presented, functional freehold industrial property in a tightly held location.

Having held the property for over two decades, the current owners are now highly motivated to sell, presenting an excellent opportunity for owner-occupiers and investors alike to secure a freehold industrial asset in this tightly held location.

Listing ID: 43160718

Prime 702 m² Commercial Section - Entry Level !

Secure your spot in North Canterbury's rapidly expanding commercial hub - entry level opportunity!

Positioned on Lilburne Street within the booming Ravenswood Commercial Precinct, this 702 m² freehold section offers an accessible, low-maintenance foundation to build your business headquarters, showroom, or commercial workshop ( Zoned GIZ - General Industrial Zone )
As the Rangiora-Woodend arterial routes and nearby SH1 grow steadily popular, this location provides direct and seamless access North or South within a growing catchment area serving Ravenswood, Pegasus, and Woodend.

Key Features & Highlights

• Land Area: 702 m² (more or less) easy-care freehold section
• Location Benefits: Situated near major high-profile drawcards including New World and Harvey Norman, alongside an expanding range of trade and service businesses.
• Flexibility: Right-sized section for a standalone owner-occupier building, trade base, or purpose-built commercial space.
• Strategic Connectivity: Approximately 25 minutes to Christchurch CBD with convenient arterial access to Rangiora, Kaiapoi, and the wider Waimakariri District.
• Entry-Level Opportunity: A manageable scale providing an affordable stepping stone into commercial property ownership or landbanking in a high-growth corridor.

Boutique commercial sites of this scale are in strong demand for business owners looking to build rather than lease.

To download the property information, please copy the link below into your web browser: http://rwrangiora.co.nz/RAN32592/#documents

Deadline Sale: All offers to be presented 12pm, Wednesday 25 November 2026 (unless sold prior).

Listing ID: 43160719

Workshop, showroom and corner site

• High-profile corner site on State Highway
• Workshop, second shed and showroom
• 1,012sqm (more or less) with redevelopment potential
• Vacant possession, motivated vendor

40 Dundas Road occupies a high-profile corner site on State Highway 3, with strong exposure to passing traffic.

Sanson sits at the junction of State Highways 1 and 3, providing direct access to Palmerston North, Feilding, Whanganui and the wider lower North Island.

The primary shed is a high stud workshop with three-phase power and clear-span work areas. A second shed offers further flexibility as an additional workshop or dedicated storage. At the front of the site, a showroom with kitchen offers potential for conversion to office accommodation.

The layout suits a range of uses, including trade, manufacturing, retail and storage, making it a strong fit for owner occupiers.

The 1,012sqm (more or less) landholding also offers future redevelopment potential (subject to council consent). Offered with vacant possession, the vendor is motivated to sell.

Enquiry today for more information on this property.

For sale by deadline closing, 2pm Thur 3 Dec 2026 (unless sold prior)

Listing ID: 43160737

Trophy Mount Asset - 9 Year Lease

72 Portside Drive offers investors a secure, long term industrial income stream in one of New Zealand’s most tightly held industrial precincts. Positioned close the Port of Tauranga, the country’s largest export port, this quality facility sits on 9,643m² of land in a location where vacant industrial land is almost impossible to find.

The property is fully leased to Farmers Industries (New Zealand) Limited, trading as FIL New Zealand, a wholly owned subsidiary of the global GEA Group. GEA is listed on the Frankfurt Stock Exchange and is a member of Germany’s DAX index, with 2025 revenue of EUR 5.5 billion. FIL has occupied the site since 2007. The building serves as its national headquarters and manufacturing base, from which it supplies farmers throughout New Zealand and in export markets overseas.

FIL has committed to a new nine year lease from September 2025, with two further six year rights of renewal taking final expiry to 2046. The property returns net income of $862,932 per annum plus GST and outgoings. Rent grows through annual CPI reviews, capped at 2.5%, and three yearly market reviews. With the tenant paying 100% of outgoings, the lease gives a purchaser both certainty now and the ability to capture rental growth over time.

The purpose built facility provides approximately 4,917m² of rentable area. It combines a high stud, concrete tilt panel warehouse and processing building with a modern two level office block that includes quality control and research laboratories. Separate covered loading canopies, full drive around access, generous yard space and 26 onsite carparks make for a highly functional site. Its specialist fit-out and significant replacement cost underpin both the tenant’s long term commitment and the asset’s enduring value.

Opportunities of this calibre in the golden triangle are rare.

Contact Rob, Rachel & Brad for more information or to arrange a viewing.



Property features:

• 9,643m² land area
  
• Approx. 4,917m² rentable area
  
• Net income $862,932 p.a. + GST and OPEX
  
• New 9 year lease from September 2025
  
• Annual rental growth
  
• Modern warehousing and two level office
  
• 26 onsite carparks
  
• Close to the Port of Tauranga
  

For sale by Deadline Private Treaty closing 4pm, Wednesday 2nd December 2026 (unless sold prior)

Listing ID: 43160785

High-profile fuel station investment – Hamilton

• Returning $112,426 per annum plus GST and outgoings
• Freehold 1,437sqm (more or less) corner site
• Recently renewed lease, further rights of renewal and built-in rental growth.

An outstanding opportunity to secure a tenanted fuel station investment in a high profile Hamilton location. The tenant has renewed the lease for a further six years and invested in fuel infrastructure upgrades, supported by a strong fuel supply agreement. Combined with built-in rental growth and further rights of renewal, the property offers investors an established income stream and ongoing lease security.

Prominently positioned on the corner of Killarney Road and Ellis Street, the property benefits from excellent exposure to passing traffic and convenient access to State Highway 1C. Its strategic corner position enhances visibility and accessibility, underpinning the appeal of this established fuel retail site.

Offering a freehold site, established tenancy and prominent Hamilton location, this is an attractive opportunity for investors seeking their next secure tenanted investment.

Contact us today for further information or to arrange an inspection.

Listing ID: 43160802

Ready for take-off at Ardmore

Key Features:

• Premium aircraft hangar comprising 1,201.46sqm (approximately)
• Extensive upgrades and improvements completed throughout the facility
• Existing holding income with flexibility for future owner-occupiers and investors
• Tightly held Ardmore Airport location

Located within the tightly held Harvard Lane precinct at Ardmore Airport, this premium aviation facility offers a rare combination of scale, functionality and presentation. Extensive recent improvements have further enhanced the property, including upgraded security and access systems, modernised lounge and amenity areas, air-conditioning throughout key spaces, upgraded lighting and a range of operational enhancements designed to support both aviation and business users.

The property also benefits from existing occupancies that generate holding income, providing immediate cash flow for investors while offering flexibility for owner-occupiers to continue or adapt the current arrangements to suit their future requirements.

Located in one of New Zealand's most sought-after aviation precincts, opportunities of this calibre are seldom available.

Listing ID: 43160838

Premium BTR-style apartment block

• An opportunity to acquire 15 brand-new, separately titled apartments
• 12 apartments feature dual-key layouts, providing a total of 27 separate units
• Built over three levels and includes a mix of studio, one- and two-bedroom

• High-quality finishes, premium fixtures throughout and excellent natural light

This premium apartment building forms part of The Vines, a master-planned residential precinct developed by Gemscott in the heart of Swanson. Featuring a mix of terraced homes and townhouses, the precinct is connected by established outdoor living spaces that enhance its residential appeal.

Swanson Village offers an established community setting, supported by local cafes, commercial amenities, Swanson School, Redwood Golf Club and the Swanson Memorial Club. Swanson train station is within a 10-minute walk, providing convenient rail access to Auckland's CBD. Positioned on the edge of the Waitakere Ranges and close to the West Coast beaches, the location combines village
convenience with access to outstanding natural surroundings.

An opportunity to establish a high-performing residential investment portfolio, with a potential vendor-supported rental underwrite structure.

Listing ID: 43160839

Affordable freehold warehouse in Otahuhu

Key features:

• 646sqm (approximately) freehold industrial building with functional warehouse
• Secure and gated site with valuable yard and parking capability
• Offered with vacant possession, ideal for owner-occupiers and investors
• Zoning provides future flexibility and development potential

An affordable freehold industrial opportunity in the heart of Otahuhu, offered with vacant possession and suitable for owner-occupiers, investors and developers.

Positioned on a secure, gated site, the property comprises a 646sqm (approximately) industrial building with minimal office accommodation and a highly efficient warehouse-to-office ratio. The clear-span warehouse is complemented by valuable yard space for parking, loading, storage and operational requirements.

Located close to State Highway 1, Auckland Airport and key South Auckland transport links, the property benefits from excellent connectivity and easy access to surrounding industrial and commercial precincts. Business - Town Centre zoning provides future flexibility and development potential.

Whether you're looking to establish your business, landbank for the future or secure a well-located industrial asset with vacant possession, this is an opportunity not to be missed.