Commercial property for sale

Listing ID: 43130031

Tenanted Investment – Food Grade Industrial

For sale with a brand new lease, Units 3–4, 10 Olive Road presents a functional investment in the heart of Penrose’s established industrial precinct.
The property is setup with a food-grade fit-out and offers a range of features suited to the tenant’s operational requirements, including a substantial 160-amp three-phase power supply, seven allocated car parks, container drop capability, and convenient drive-around access throughout the site.

With a high warehouse-to-office ratio, the property maximises usable floor space and provides an efficient layout for industrial and distribution operations.

The investment is underpinned by a brand new lease, with annual CPI rental increases and market rent reviews dates. The well-established tenant already operates from another premises on Cain Road and will utilise this site at Olive Road as its second Penrose location and distribution centre, providing a strong operational fit for the property.

Key features:
• Brand new lease
• Annual rental increases
• Market rent review on renewal
• Fully food-grade fit-out
• Floor Area: 264m²
• 160-amp three-phase power
• Seven allocated car parks
• Container drop capability
• Drive-around access
• High warehouse-to-office ratio
• Established tenant with existing Penrose operation

Penrose presents an attractive opportunity for industrial property investment, combining strategic location, diverse property options, and convenient amenities to support the needs of businesses seeking growth and success in Auckland's dynamic market

Contact the listing agents today to arrange a viewing! We have multiple properties for sale so please don’t hesitate to contact us with your requirements.

Zach Callesen
021 168 2842
mailto:zach.callesen@savills.co.nz

Ben Spence
021 125 6991
mailto:ben.spence@savills.co.nz

Listing ID: 43132720

Central Albany - Prime Freehold Childcare Centre

In the current market, savvy commercial property investors are increasingly seeking assets that offer a combination of secure income, underlying land value and long-term growth potential. Harcourts is proud to exclusively present 19 Oteha Valley Road, Albany - a substantial freehold investment opportunity positioned within one of the North Shore's most established commercial and retail locations.
With a landholding of over 1,000sqm, a long-term established kindergarten tenant and Light Industry zoning, this property offers both immediate investment income and future flexibility.

Features:

• Freehold over 1,000sqm Land

A substantial freehold land in a tightly held Albany location, providing strong underlying land value and a range of potential future options, subject to the relevant planning and regulatory requirements.

• Prime Albany Location

Located within the established Albany commercial precinct, the property is surrounded by major retailers, commercial businesses, professional services, dining and other amenities. Excellent connectivity to major arterial routes and public transport further strengthens the location.

• Established Long-Term Lease Tenant

Currently leased to an established early childhood education operator, providing investors with an existing income stream and the benefit of an established tenant and proven use.

• Light Industry Zoning

The Light Industry zoning provides a broad range of potential commercial and industrial uses, subject to the relevant planning requirements. Potential applications may include warehousing, logistics, showroom, trade-related activities, workshops, distribution and other compatible uses.

This combination of an existing income-producing tenancy, substantial freehold land and flexible zoning provides investors with the opportunity to hold the property for income while retaining potential for future repositioning.

• Ample On-Site Car Parking

Generous on-site parking provides convenience for staff, visitors and customers and adds further value to the property's existing use.

All investors are encouraged to contact the Sole Agent to obtain the IM. The vendor is genuinely committed to achieving a successful sale and is inviting genuine offers through the Deadline Sale Closed by 6th Nov 2026.


Alan 021866285
Alan.cai@harcourts.co.nz

Listing ID: 43134157

Top-Performing Woolworths Supermarket

JLL is excited to exclusively present a rare, generational opportunity to acquire Woolworths Taupō Central, a brand-new, purpose-built supermarket investment delivering fortress-grade security and exceptional income. This is one of Woolworths' highest-grossing regional stores nationwide, anchored by a blue-chip ASX Top 50 covenant in a never-to-be-repeated central Taupō location. With structural undersupply and powerful demographic tailwinds, this asset is positioned for sustained capital growth and unmatched income certainty.

Woolworths has maintained a trusted presence on this prominent site since 1961. Following a full redevelopment completed in September 2025, the modern, state-of-the-art store now occupies a highly visible 7,309 sqm freehold corner site at the intersection of Spa Road and Tongariro Street, in the heart of Taupō's CBD. Designed to achieve 5 Green Star certification, positioning this among New Zealand's elite sustainable commercial properties and futureproofing against evolving ESG requirements. With a defensible competitive position, exceptional trading performance, and a new 10-year lease anchored by renewal options, Woolworths Taupō Central represents an outstanding institutional-grade investment.

For sale via Deadline Private Treaty, closing 4:00pm (NZDT), 22 nd October 2026 (unless sold prior). Please contact the exclusive listing brokers below for further information.

• Brand-new, state-of-the-art purpose-built supermarket (4,171sqm) located in the heart of the Taupō CBD.
• Fortress covenant with exceptional trading performance - leased 100% by General Distributors Limited (Woolworths New Zealand, ASX: WOW).
• Long-Term Income Security - underpinned by a new 10-year lease with renewal options
• Strategic corner site with multi-directional access providing exceptional vehicular access driving strong forecast sales growth.
• Absolute customer convenience with 195 total car park spaces, including 146 basement parks.
• Highest build standards with the building designed to 5 Green Star
• Annual net rental income of $2,097,553 + GST

Listing ID: 43134182

Fully Tenanted Investment Gem with Upside

NAI Harcourts is pleased to present 185 Shaw Avenue to the market to be sold by way of Auction on Thursday 29 October 2026 from 11:00 am (unless sold prior) at Grenadier House, 98 Moorhouse Avenue, Christchurch.

Comprising of a block of three single-storey shops fronting onto the main road and an over-sized two-bedroom residential house in the rear, 185 Shaw Avenue offers astute investors a desirable opportunity to add to your existing portfolio, that is equally worthy as an entry level first-time investment.

Features:

• Large 703 sqm Freehold Title
• Fastidiously maintained
• Spread of risk with 3 x commercial and 1 x residential tenancies
• Income stream of over $65,000 pa + Operating Expenses + GST, with upside
• 100% NBS
• Local Central Zone

You can be assured of long-term tenures. Upon being advised that the property is going onto the market, all three well-established commercial tenants (a Chinese takeaway/food bar, a nail & beauty salon and an Asian small goods manufacture) as well as the residential tenant immediately signed up new leases or took up their Right of Renewal.

First time offered since 2009. 185 Shaw Avenue has served the current owners well but are now highly motivated to sell. They recognise the time has come for a new direction and want to see a sold sticker.

To access the Property Files, please paste the link below into your browser and submit your details. Then wait for the email from Property Files with the links you can download.
https://www.propertyfiles.co.nz/L42766995

Call Harry Lim (021) 402 242 to register your interest and/or to arrange viewing.

Listing ID: 43134229

Hornby retail. Built to perform.

On offer is a compelling large-format retail investment opportunity sited in the heart of Hornby, offering purchasers the flexibility to acquire a substantial, income-producing asset either in one line or as smaller freehold parcels to suit capital requirements.

Underpinned by an expansive 9,871 sq m freehold landholding with generous shared central car parking, the property is strategically positioned within one of Christchurch’s most sought after retail precincts, adjoining major drawcards including The Hub Hornby, Dressmart, and the Hornby Mega Centre.

The offering comprises three modern, recently constructed buildings built to 100% seismic standards, providing long-term resilience and minimal near-term capital expenditure.

Anchored by a strong lineup of national and Australasian tenants, the investment delivers diversified income streams from well-known brands, including Wang Mart, Animates, Beds 4 U, and the highly regarded Look Sharp, with an additional small vacancy underwritten by the vendor to ensure income certainty from day one.

With long-term lease structures in place and the ability to tailor acquisition scale, this is a rare opportunity to secure a premium retail asset in a proven large-format location with enduring tenant demand and strong underlying land value fundamentals.

For sale by Deadline Private Treaty: 4pm, Thursday 29 October 2026 (unless sold prior).

*Boundary lines are indicative only.

Features:

• Land Area of 9,871 sq m
• NLA of 4,450.53 sq m
• Highly sought‑after retail destination
• Built to 100% (near new construction)
• 84 onsite carparks
• Strong tenant covenants
• Anchored by Wang Mart
• Total net income of $1,275,935 + GST & OPEX

More information: https://www.colliers.co.nz/p-NZL67038223

Listing ID: 43134538

Vacant Rosebank Industrial - Vendor Says Sell!

Colliers are pleased to exclusively present 604 Rosebank Road, Avondale - a substantial 5,398 sqm industrial facility positioned on a prominent site within the sought‑after Rosebank industrial precinct.

This versatile opportunity comprises two distinct standalone buildings, a 3,636 sqm facility and a 1,762sqm building, including a large open warehouse.

Situated on a generous 6,928 sqm freehold title, this property represents exceptional value in one of Auckland’s most tightly held and strategically located industrial hubs. Featuring a road front position on Rosebank Road, the property benefits from outstanding connectivity to key transport networks. State Highway 16 (Northwestern Motorway) is only minutes away, providing efficient, easy access to the CBD, Port, Airport connections, and the wider Auckland industrial corridor. 

Opportunities of this scale and versatility on Rosebank Road are rarely available - occupiers, developers and investors should inspect.

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

Matt Prentice 021 464 904, Shoneet Chand 021 400 765 and Jack Tuson 027 448 1148

Features:

• Net Lettable Area – 5,398sqm
• Freehold Land Area – 6,928sqm
• Appraised total market rent at $746,275 pa net
• Two separate buildings
• Road front position on Rosebank Road
• Sought after industrial location
• Suitable for Occupiers, Developers & Investors
• Excellent access to SH16 Northwestern Motorway
• Vendor wants result – Present all offers!

More information: https://www.colliers.co.nz/p-NZL67042535

Listing ID: 43134584

Mixed Use CBD Investment - Mortgagee Sale

12 St Andrew Street, Dunedin represents a fantastic opportunity to purchase a mixed-use investment property, nestled in an enviable position in the heart of the CBD.

The property sits on perhaps the best block in the CBD, being adjacent to the various malls - Wall Street Mall, Golden Centre Mall, and the Meridian Mall.

The property has a commercial tenant on the ground floor, the Hong Kong Seafood Restaurant, and the first floor has residential studio rooms. There is an asphalted yard at the rear for car parking.

Key Highlights:

• Freehold Site Area 746m2 (more or less)
• 2GP Zoned Commercial & Mixed Use -CBD
• Street frontage of 18.5m (approx.)
• Floor Area 849m2 (approx.)
• Commercial & Residential Tenants

For Mortgagee Sale by way of Deadline Private Treaty closing 3pm Thursday 22nd October 2026 (will not be sold prior).

Please contact a nominated broker for more information.

Listing ID: 43134597

2,854m² Freehold Site - Consented Development

3 Kings Road, Panmure comprises a 2,854m² freehold development site positioned immediately adjacent to Panmure Town Centre and approximately 100 metres from the Panmure Transport Interchange. The site provides direct access to established retail, services and public transport, with Sylvia Park approximately 2.8km away and State Highway 1 approximately 4.7km away. 

The property benefits from two approved development pathways, comprising resource consent for 18 terraced dwellings and a separate consented scheme for 30 three-storey walk-up apartments. This provides flexibility between two established residential development outcomes.

Zoned Residential – Mixed Housing Urban, the site provides for residential intensification and buildings up to 11 metres, subject to resource consent. The corner position, dual frontages to Kings Road and Queens Road, flat contour and proximity to Stone Cottage Reserve provide further flexibility for development. 

Panmure is undergoing ongoing residential and infrastructure investment through the Tāmaki Regeneration Programme, with improvements to transport, housing and community facilities supporting the wider precinct. The Panmure Train and Bus Station provides connections to Auckland's wider metropolitan network. 

With its town centre location, immediate public transport access and two consented development pathways, 3 Kings Road provides a substantial residential development opportunity in Panmure.

Contact sole agents for more information or to arrange a viewing:

Gawan Bakshi

+64 21 31 31 48

gawan.bakshi@colliers.com

Sam Hyde-Smith

+64 27 476 5882

sam.hydesmith@colliers.com

Features:

• 2,854m² Freehold Site
• Flat, Development-Friendly Contour with Services Nearby
• Two Consented Development Pathways
• Residential – Mixed Housing Urban Zoning
• Panmure Train & Bus Interchange Nearby
• Approx. 100m to Panmure Town Centre
• Dual Road Frontages
• Established Infrastructure & Regeneration Precinct

More information: https://www.colliers.co.nz/p-NZL67042372

Listing ID: 43134806

1,892 sqm of Freehold Land - Albany

1 William Laurie Place offers a rare chance to secure one of the last remaining vacant parcels within the Albany Business Park zone. Developers, investors, and owner-occupiers will all recognise the long-term value and potential of securing a prime site in this tightly held precinct.

Opportunities of this calibre are extremely limited-secure it now and unlock the potential of one of the North Shore's most sought-after business locations.

Investment highlights:

• 1,892 sqm Freehold site
• Vacant land ready to go
• Highly desirable location surrounded by major Tenants including ASB, BNZ, Deloitte, and Mitre 10 HQ
• Business Park zoning Ideal for quality office development
• Previously consented in 2019 creating an ideal stepping stone for your next project
• Easy access to the Northern Motorway and key arterial routes

For more information Contact Isaac Tankard 027 702 0663 and Nick Young 021 070 9850.

Listing ID: 43138315

Blue Pacific Apartments - Management Business with On-Site Apartment Included

Management Rights $385,000 + Managers Apartment $350,000 (plus GST if any)

An exciting opportunity to acquire the established management business for Blue Pacific Apartments, together with a well-presented two-bedroom apartment.

At the heart of this offering is the management contract for the apartment complex, providing an owner-operator the opportunity to step into an established business with existing management responsibilities and income.

Included as part of the business package is a two-bedroom apartment, held as a Unit Title in Freehold, providing the on-site residence from which the management business is operated.

Business & Property Highlights

• Established management business for Blue Pacific Apartments
• Management contract included with the sale
• Existing management arrangement with established income
• Live and work on-site
• Two-bedroom apartment included as part of the package
• Apartment held as a Unit Title in Freehold

This is first and foremost an opportunity to purchase an established management business, including the apartment.

Further information regarding the management contract, scope of duties, financial performance, income structure, Body Corporate arrangements and terms of the management agreement is available to genuinely interested purchasers.

Enquire today for further information.

Listing ID: 43138688

30% Sold or Under Contract - Secure Your Site

Secure your position in Drury’s emerging town centre.

Sharewater - Lakeside Town Centre continues to progress, with approximately 30% of the circa 76,000m² development sold or under contract and civil works underway.

Positioned on State Highway 22 within the growing Auranga and Drury West catchment, the development offers individual commercial sites and larger parcels for investors, owner-occupiers and developers.

Key features:

• Approximately 23,400m² sold or under contract
• Business – Town Centre zoning
• Civil and infrastructure works underway
• Flexible site and development opportunities
• Lot 2 – design-build and lease-up opportunity across Lots 9–12
• Potential for retail, hospitality, medical, office, recreation and community uses
• Prominent SH22 position with connectivity to SH1
• Significant surrounding residential and employment growth
• Titles anticipated mid-2027

Lot 2 provides a substantial holding for a multi-tenant commercial precinct, with scope to secure occupier pre-commitments ahead of construction.

With development progressing, now is the opportunity to establish business premises, develop or invest in Drury’s emerging town centre.

Contact the sole agents at Colliers for availability, pricing and further information.

More information: https://www.colliers.co.nz/p-NZL67042697

Listing ID: 43139471

High-Profile Ferry Road Corner | 976sqm Freehold

CBRE is pleased to offer for sale 281 Ferry Road, Phillipstown, a prominent corner site positioned at the intersection of Ferry Road and Olliviers Road.

Occupied by the current owner for many years who is now retiring, the property presents a rare opportunity to acquire a well-established commercial holding with vacant possession and future flexibility under its Medium Density Residential Zone (MRZ) zoning.

The property comprises 976sqm* of freehold land and is improved by a 103sqm* workshop/garage and office building, alongside a substantial sealed yard area. Historically utilised as a vehicle sales yard, the site offers excellent functionality for vehicle display, storage, parking and a variety of commercial or trade-related uses.

Located approximately 3km east of Christchurch's CBD, the property benefits from strong exposure to passing traffic along Ferry Road and convenient access to Moorhouse Avenue and the wider arterial road network.

Investment Highlights:

• 976sqm freehold site (more or less)
• 103sqm workshop/garage and office improvements (approx.)
• High-profile corner position
• Dual access via Ferry Road and Olliviers Road
• Medium Density Residential Zone (MRZ)
• Opportunity to develop all or part of the site with residential townhouse units
• Substantial sealed yard area
• Vacant possession
• Approximately 3km from Christchurch CBD

Whether you are seeking premises for your own business, a strategic landholding or a site with future redevelopment potential, 281 Ferry Road presents a compelling city-fringe opportunity.

For sale by Deadline Private Treaty closing Wednesday, October 28th at 4pm (unless sold prior).

Contact the sole agent Paul Brown for more information.

*Approx.

Listing ID: 43139555

Prominent Corner Commercial

• Multipurpose Building in Central Location

• Add Value or Occupy

• Corner Position with Strong Street Exposure 

• c.554m² Total Floor Area (356m² main + 198m² lower) 

• c.405m² Total Land Area with 3 Parks

The main retail area has timber floors, exposed timber rafters with black steel beams, and a full glass shopfront with high-level glazing for plenty of natural light. Accessible ramps serve the split levels, and a staff area, office, and a kitchenette at the rear.

Top Gear Cycles is vacating in December, so the retail areas will be available with vacant possession. Plumbing World occupies part of the lower floor for storage on a two-month rolling tenancy giving a buyer flexibility to keep the income or take the whole building.

Located in the Fringe Commercial precinct of the Town Centre Zone, the property is surrounded by retail-trade businesses. The zoning has no minimum front setback and allows buildings of up to three floors, so it suits an owner-occupier, or a buyer looking to redevelop.

Cloud folder link for LIM, lease documents, title, additional photos and a registered engineer’s report are available upon request.

The property is being sold By Negotiation (+GST - if any).

To find out more or to gather relevant documentation, call or email Tom.

Listing ID: 43141923

A landmark investment

Known locally as The Moth, 1558A Waimea Highway is home to an iconic Southland building with a strong sense of place and an investment proposition to match.
The property is home to two established tenants - one retail and one hospitality - providing diversified income from two separate businesses. Importantly, the businesses themselves are not for sale; the opportunity is to secure the building and its existing tenancies.
Recent upgrades to the roof and heating add further appeal, providing confidence in the underlying asset while retaining the character and presence that make The Moth instantly recognisable.
For investors looking for something with income, profile and longevity, this is an opportunity to secure a commercial property with a side of Southland history.

Listing ID: 43143284

Modern Building - 12 year lease

Seldom do commercial investment opportunities of this calibre come to market. This modern, well-presented freehold commercial property is leased to Vetora Vets on a new 12-year lease, providing investors with a secure and established tenancy.

Occupying a substantial 3,356m² freehold site, the property features a modern commercial building of approximately 958m², complemented by 31 onsite car parks. The generous landholding provides excellent functionality and long-term value.

Vetora is one of New Zealand's longest-established veterinary organisations, employing 130 veterinarians, nurses, technicians, and support staff across clinics throughout the Waikato. 

The property is offered for sale by Deadline Private Treaty, closing 3pm Thursday 19th November (unless sold prior). 

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

Features:

• Modern commercial building on a substantial 3,356m² freehold site
• New 12-year lease to Vetora Vets returning $340,000p.a plus GST and outgoings
• Established and reputable tenant
• Fixed rental growth provisions
• Strategic and well-positioned location

More information: https://www.colliers.co.nz/p-NZL67042269

Listing ID: 43144357

Split Risk Freehold Investment

NAI Harcourts is pleased to exclusively present 21-23 Enterprise Street, Birkenhead, an exceptional investment opportunity being offered to the market for the first time in over 20 years.

Positioned within a tightly held industrial precinct, this standalone freehold property offers an attractive split risk investment, supported by four tenancies across a substantial three level building comprising of a lettable area of 655 sqm (Approx.). The generous 830 sqm freehold site provides a strong underlying land component which is complimented by 12 off street car parks making this a long term strategic investment.

Seldom do opportunities like this become available, making this an opportunity you don't want to miss.

Investment highlights:

• Freehold site of 830 sqm (approx.)
• Net lettable area of 655 sqm (approx.)
• Returning $105,100 net per annum + GST
• Split risk investment
• Strategically located in Birkenhead
• Zoning: Light Industry Zone

For more information about this property Contact Isaac Tankard 027 702 0663 or Nick Young 021 070 9850.

Listing ID: 43144728

Reposition. Develop. Capitalise on the momentum.

This property will appeal to the astute investor, developer, or owner occupier seeking to secure a strategic holding in one of Christchurch’s fastest evolving city fringe precincts. 

Positioned on the northern side of Cashel Street between Barbadoes Street and Fitzgerald Ave and within a short distance to the Christchurch CBD. 301 Cashel Street presents a unique opportunity to secure a well-located asset with a range of future value-add and redevelopment possibilities.

The surrounding precinct is currently undergoing significant revitalisation, driven by the opening of the new One New Zealand Stadium at Te Kaha and the continued regeneration of the eastern CBD.

This transformation is attracting substantial investment and encouraging the conversion of former industrial and warehouse style buildings into vibrant retail, hospitality, office, and mixed-use developments.

The property’s location places it at the doorstep of one of Christchurch’s most exciting growth areas, benefiting from increasing pedestrian activity and improving amenity. Sitting directly opposite the popular Smokey T’s restaurant and now neighboring the new bar and restaurant St Lui, creating strong long-term development fundamentals. 

Demand is also emerging for residential, visitor accommodation, and motel-style developments as the city continues to expand and investment in surrounding infrastructure gains momentum.

Whether you are looking to secure a strategic landholding, reposition an existing asset, establish your own business premises, or undertake a future development project, 301 Cashel Street offers flexibility and significant upside within a rapidly improving location.

With Christchurch’s CBD office market experiencing historically low vacancy levels, rising rental growth, and increasing occupier demand, there has rarely been a better time to secure a foothold in this evolving precinct.

For sale by Auction 10am, Thursday 5 November 2026 (unless sold prior). Auction venue is Colliers Auction Room, Building 1, Level 1, 181 High Street, Central Christchurch, 8011.

*Boundary lines are indicative only.

Features:

• ‘As is where is’ opportunity
• Land area – 1,241 sq m
• Building area approx – 750 sq m*
• Close proximity to One NZ Stadium
• Growth area of CBD
• Dual access via Hereford Street & Cashel Street
• Close proximity to core CBD
• Zoned commercial mixed use zone
• Current passing Income - $115,605 + GST + OPEX
• Opportunity to develop or occupy

More information: https://www.colliers.co.nz/p-NZL67042816

Listing ID: 43144797

Picton Historic Home and Boutique Accommodation

A heritage-listed Picton residence with an established boutique accommodation business set on approximately 1.68 hectares.

Dating from circa 1886, Sennen House offers the opportunity to own an historic residence, established boutique accommodation business and substantial grounds in Picton, gateway to the Marlborough Sounds.

The property provides three beautifully appointed guest suites together with private owners' accommodation comprising one bedroom and two lounges. Period features include a kauri staircase, stained glass, bay windows, ornate cornices, pressed-steel ceiling, Rimu doors and joinery.

Set within mature, established grounds, Sennen House is held across three separate titles with a total land area of approximately 4.14 acres.

The current owners have chosen to operate the business for approximately nine months of the year, offering lifestyle flexibility for an incoming owner.

Property Highlights

• Heritage-listed historic residence dating from 1886
• Three guest suites plus private owners' accommodation
• Three separate titles totalling approximately 16,756 sqm (4.14 acres)
• Established boutique accommodation business
• Close to Picton, the Marlborough Sounds and Cook Strait ferry connections

Ready to take the next step?

An Information Memorandum is available to download from our website coffeys.co.nz.

Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum.

Deadline Sale 4pm 19 November 2026 (unless sold prior).

We would welcome your enquiry via this website or direct to JAN GRANT at jan@coffeys.co.nz

Listing ID: 43144954

Prime Mount Owner Occupier Opportunity

Positioned within one of Mount Maunganui's most high profile roadways, 143 Totara Street presents an outstanding opportunity for owner-occupiers to secure a versatile industrial premises and expose their business to a much larger client base.

Offering approximately 471m² of functional floor area, the property features a front showroom and office area, a clear span warehouse at the rear that provides excellent flexibility for storage, manufacturing, vehicle servicing, and trade-based operations. The building's adaptable configuration is complimented by rear service lane entry, with two rear roller doors enabling efficient movement for vehicles, equipment, and goods. Ample onsite parking at the front ensures convenient access for staff and customers, while the large concreted and fenced rear yard is excellent for outdoor secure storage.

Presented in good condition with the roof/internal gutters recently replaced and available with vacant possession, the property is ready for immediate occupation, allowing you to move in and get your business up and running without delay.

Contact Rob or Simon today for further information or to arrange a viewing.



Features:

• Building area 471m² (approx.)
• Freehold land area 761m²
• High profile location
• Situated close to the Port
• Rear service lane & yard
• Good onsite parking/yards
• Flexible showroom/office fit out
• Vacant possession
• Air-conditioned offices
• Large rear roller door access

For Sale by Asking Price of $1,950,000 + GST (if any)

Listing ID: 43145106

National tenant, top location, add-value potential

Positioned in the tightly held and highly sought-after Waiwhakaiho precinct, 10 Smart Road presents an outstanding opportunity with a compelling combination of holding income, redevelopment potential and future owner-occupier appeal.

The property sits on 1,220sqm (more or less) of land and currently provides a holding income of $70,200pa from national tenant NZ Post. The lease is due for renewal in March 2027, with a final expiry in March 2028, providing a secure income while considering the property's longer-term potential.

The main building comprises approximately 315sqm of warehouse space together with 105sqm of office accommodation. There is an additional 106sqm warehouse at the rear, constructed circa 2022, along with approximately 300sqm of secure yard. With Mixed Use zoning, a substantial landholding and an excellent position within one of New Plymouth's most established commercial precincts, the property is ripe for redevelopment and offers a genuine add-value opportunity.

Located opposite Harvey Norman and in close proximity to the Valley Mega Centre, the property benefits from outstanding exposure and access to one of the region's strongest retail destinations. Waiwhakaiho is widely regarded as New Plymouth's pre-eminent bulk retail location, and opportunities to secure land in this tightly held precinct are increasingly difficult to find.

Whether you're looking for a property with holding income, a strategic landbank, an add-value development opportunity or a future owner-occupier solution, this property deserves your attention.

Call now for your appointment to view.