Commercial property for sale

Listing ID: 43015237

Set and Forget: 6+6 Lease, 6.35% Cap Rate & 67%NBS

Positioned in the heart of Blenheim’s CBD, this high-visibility property delivers secure, low-maintenance income and genuine set-and-forget appeal for investors.



Located at 77 Queen Street, the asset occupies a prime central position surrounded by active retail and hospitality operators, ensuring strong foot traffic and long-term tenant demand.



The premises comprises 76sqm (more or less) and is currently leased to the well-established A-J’s BBQ Restaurant following a lease assignment.



The building has recently been seismic strengthened to at least 67% NBS, significantly improving buyer confidence and lending appeal.



Secured by a 6 + 6 year lease with a combination of CPI and market rent reviews, the property generates a net annual rental income of $26,561 plus GST and Outgoings, delivering an attractive cap rate of approximately 6.35% at the asking price of $418,000 plus GST (if any).



This represents an excellent opportunity for both first-time commercial investors or those seeking a simple, centrally located asset with reliable income and minimal ongoing management.



Key features

• Prime high-visibility Queen Street CBD location with established foot traffic
• 76sqm (more or less) fully leased to a proven hospitality operator
• Recently seismic strengthened to 67% NBS with 6 + 6 year lease in place

For Sale $418,000 plus GST (if any)

Listing ID: 43017682

Industrial gold, rare as it gets

•2,200sqm freehold light industrial site with easy State Highway 1 access
•Vacant on possession, first time on the market in 26+ years
•206sqm workshop with three-phase power on a flat, fenced site
•Ideal for developers, owner-occupiers, or investors

Positioned in the heart of Whangarei’s Southern Light Industrial Precinct, this exceptional 2,200sqm (more or less) freehold site presents a rare opportunity. Offered to the market for the first time in over 26 years and available with vacant possession, this property provides unmatched flexibility to develop, occupy, or invest.

The site features a 206sqm (approximately) workshop equipped with three-phase power. Its flat, predominantly rectangular layout is metaled and fenced, ensuring ease of access, operational efficiency, and security.

With convenient access to State Highway 1, the property benefits from excellent connectivity and strong positioning among established industrial businesses and key infrastructure. This strategic location enhances both day-to-day functionality and long-term value.

Opportunities of this calibre are rarely available in Whangārei’s tightly held industrial market. Whether you’re looking to establish, expand, or invest, this development-ready site delivers immediate usability and future growth potential.

If you have any questions or would like to arrange a viewing, please contact the sole agents.

Daniel Sloper
021 022 10339
daniel.sloper@bayleys.co.nz

Nigel Ingham
021 562 919
nigel.ingham@bayleys.co.nz

Listing ID: 43018756

Premier George Street Investment

Exceptional George Street Opportunity with Proven Versatility

• Strategic Land Holding: 597sqm of freehold land, fully fenced with four on-site parking spaces.
• Substantial Character Build: Expansive two-storey residence covering over 464sqm.
• High-Capacity Layout: Comprising 20 rooms, including seven ensuite options.
• Consented Growth: Land use consent is in place for residential activity for 20 habitable rooms.
• Safety & Compliance: Fully equipped with a modern security system, smoke alarms, and a comprehensive sprinkler system.
• Prime Location: Just 400m to Dunedin’s CBD and the University of Otago.

The Opportunity

Presenting a compelling opportunity to acquire both land and building in the sought-after Inner City Residential zone. Currently operating as a professionally managed boarding house (formerly the well-known “Kiwis Nest Backpackers”), the property’s future is limited only by your imagination.
Whether you choose to continue its current use, revert to a high-end hostel, or utilise the existing land use consent to transform the space into contemporary inner-city residential apartments, the bones of this character residence provide the perfect canvas.

Why Invest?

Investors seeking significant upside and versatility will recognise the rarity of a property this size in such a central location. This is an extraordinary chance to secure a charming, income-generating multi-unit investment in the heart of Dunedin.

Call today to schedule a private viewing and explore the full potential of this George Street gem!

Listing ID: 43019902

Check This One Out!

This is a standout passive industrial investment, anchored by the sole VTNZ operation in Rotorua. The property provides comprehensive WOF and COF testing for both light and heavy vehicles, complemented by modern offices, customer waiting areas, and generous on-site parking.

Extensively upgraded to meet tenant requirements, the premises have benefited from significant capital improvements, including re-roofing the office areas as well as enhancing office and customer amenities. These works are being repaid via an amortised structure through to September 2027, in addition to the current rental income.

The long-standing tenant entered into the current lease agreement in 2014, with a secure lease now extended through to 30 September 2030, plus two further rights of renewal. The property currently delivers a strong net return of $175,000 + GST per annum, plus the additional monthly loan repayments.

Positioned on a substantial landholding across three titles, the property enjoys dual access with drive-through capability between Marguerita Street and White Street. Located in the highly sought-after Fenton Park precinct, the area is a well-established hub for light industrial and trade retail activity, with neighbouring occupiers including PGG Wrightson, Farmlands, and TWL.  

Call Mark for more information and to view.

Features:

• Current net rental $175,000 + GST
• Committed, long-term tenant
• Great passive investment

More information: https://www.colliers.co.nz/p-NZL67039368

Listing ID: 43020029

For sale – high-profile hospitality investment

Well located in a busy commercial precinct, this established bar and gaming venue sits directly opposite Woolworths and is surrounded by strong national brands including Subway, Hell Pizza, and AA - driving consistent foot traffic and tenant performance.

Leased to an established operator, this is a hands-off investment with long-term security and built-in growth.

Key Highlights

• Long-term lease to 2034 including 2 x three year renewals
• Market rent reviews for future growth
• 200m2 building on 321m2 land
• Proven hospitality tenant (bar and gaming lounge)
• High-exposure location opposite Woolworths
• Surrounded by strong national brands

A smart, entry-level commercial investment offering secure income in a prime Napier location.

Contact Property Brokers for further information.

Listing ID: 43020381

Central Te Rapa Investment

• Industrial building of 2,156sqm approx. with high stud warehouse
• Functional secure concrete yard
• New three year lease will be signed prior to settlement returning $240,000pa plus GST & Outgoings
• Land area of 3,145sqm (more or less)
• Seismic rating above 67% NBS

Located in Sheffield Street between the intersections of Northway Street and Sunshine Avenue. Sheffield Street is part of the central Te Rapa industrial precinct which includes a number of local and national businesses such as Provida Foods, Anzor Fasteners, NES Generator & Pump Hire, JP Marshall Engineers to name a few.

The property features a well presented industrial building, including a high stud warehouse and office component with a central Te Rapa address. A secure yard area enhances operational efficiency and suits a wide range of industrial users. The substantial freehold landholding of 3,154sqm (more or less) further adds to the asset's versatility future potential. The property has a road frontage of nearly 63 metres which provides a number of future opportunities. The Vendor is providing a lease back holding income, opportunities exist for future planning. Call the agents today to view this opportunity. It has all the right elements.

Listing ID: 43020636

Onehunga Mixed Use with upside - occupy or develop

• 653sqm (more or less) freehold site
• 125sqm (approx.) office/ villa
• Car parking at front and industrial yard at the rear
• Business – Mixed Use zoning with 21m height overlay
• Options for occupiers, developers and add-value investors

This versatile freehold Mixed-Use property offers a unique opportunity for a range of purchasers. For sale with vacant possession.

The 653sqm (more or less) site is regular shaped and zoned Business – Mixed Use with a 21m height overlay. Strategically located close to the Onehunga town centre, Dressmart and South-Western motorway which provides access to the airport and CBD, the property is also within walking distance of the Onehunga train station.

A single bay villa is positioned at the front of the site together with off-street parking which was recently occupied by commercial offices. A yard is located at the rear of the property, which was previously the foundations for a 228sqm warehouse, and is partially surrounded by a concrete block wall.

59 Galway Street offers plenty of upside and should be considered by commercial and industrial occupiers, developers and add-value investors.

Listing ID: 43020638

First time on the market ever - occupy or invest

• High profile suburban mixed-use investment with multiple income streams
• Vacant first-floor office provides owner-occupier appeal or scope to convert back to residential use
• Elevated ridgeline position with sweeping Auckland city views in a well connected North Shore location

Positioned on a prominent suburban ridgeline site, this high-profile mixed- use investment offers multiple income streams together with genuine future flexibility. Returning a diversified holding income from the existing tenancies, the real point of difference is the vacant first-floor office which will appeal to owner-occupiers seeking a business base with profile, or purchasers looking to convert the space back to residential use.

Held by the same family since construction and presented to the market for the first time, the building has been maintained with exceptional care throughout its life. Elevated in a ridgeline position with impressive views back toward Auckland city, this is a tightly held asset combining split-risk income, occupancy upside and long term land value in one compelling offering.

The property is partially tenanted, returning a net rental of $93,978.18pa + GST and outgoings. Full tenancy details are available on request.

Listing ID: 43020741

Freehold mixed-use State Highway 4 opportunity

444 State Highway 4 presents a mixed-use freehold property comprising hospitality premises and an attached residential dwelling across two titles totalling approximately 1,998sqm (more or less). The offering provides a functional combination of commercial and residential space, supporting a live-work style ownership.

The property includes a heritage class C building, adding character and presence while contributing to its established identity within the Upokongaro community.

The premises are equipped with hospitality infrastructure including commercial kitchen facilities, dining areas and service spaces, complemented by a spacious outdoor area with decking, seating and dining set amongst mature trees. This creates an appealing environment for patrons and provides a practical foundation for a purchaser to establish their own business or configure the property to suit their individual requirements.

The property has scope to service the local community, travellers passing through the area, and visitors drawn to the nearby Whanganui River and surrounding natural environment, including bird watching enthusiasts. This provides a base for a new operator to build on, with potential to explore extending the offering, including an on-licence and longer operating hours, subject to the necessary council consents.

The dual-title configuration and overall site layout offer flexibility, while the existing improvements allow for a range of potential uses or concepts.

For clarity, the property is being offered as a freehold land and buildings opportunity, with the existing fit-out included. No business financial information will be provided.

444 State Highway 4 is offered for sale by Deadline Private Treaty with all offers to be received by 3pm, Thursday 7 May, 2026 (unless sold prior).

Listing ID: 43023731

Prominent Frankton Industrial Opportunity

A rare opportunity to secure a substantial, well-located industrial landholding in the heart of Frankton's tightly held industrial precinct.

Comprising three adjoining industrial titles, 13, 15, and 17 Glenda Drive offers a combined land area of 3,457sqm that are for sale individually or together, predominantly configured as a level, gravel yard - ideal for a range of industrial, trade, logistics, or development uses. The property provides flexibility for owner-occupiers, investors, or developers seeking scale in one of Queenstown's most established commercial locations.

Improvements include a three-bay industrial workshop with associated office and amenities (circa 240sqm), positioned in the rear western corner of the site. This provides immediate functionality while preserving the majority of the land for yard use or future development.

The property is exceptionally well positioned opposite the main entrance to the Pak'nSave and Mitre 10 development, with Bunnings Warehouse directly adjoining the rear boundary - placing it at the centre of one of Queenstown's busiest large-format retail and trade hubs.

Property Breakdown:
13 Glenda Drive
Land Area: 996sqm
Building Area: 240sqm (workshop, office & amenities)

15 Glenda Drive
Land Area: 1,085sqm
Predominantly undeveloped gravel yard

17 Glenda Drive
Land Area: 1,376sqm
Predominantly undeveloped gravel yard

Key Highlights:

• Total land area of 3,457sqm across three titles
• Offers are invited on the combined or individual sites
• Flexible holding with existing improvements
• High-profile Frankton industrial location
• Excellent exposure and accessibility
• Surrounded by major national retailers and trade neighbours
• Rare large-scale industrial land opportunity in Queenstown

This is a standout offering in a land-constrained market, well suited to occupiers seeking yard space, investors land banking, or developers pursuing long-term upside.

The property is offered For Sale by Deadline Private Treaty closing 4pm Thursday 30 April 2026 (no prior offers). Sites available individually or together.

For further information or to arrange a viewing, please contact the exclusive agents Rory O'Donnell, James Valentine or Tim Thomas.

• image boundary lines are indicative only

Listing ID: 43023833

Entry-Level Freehold Investment in Nelson

Positioned in Nelson's established industrial precinct, 106 Vanguard Street offers a freehold site of approximately 417 sqm, with a functional light industrial building of approximately 148 sqm. The building includes approximately 28 sqm of office and amenities, 65 sqm of workshop space, and 55 sqm of food processing area, plus sealed yard areas, secure rear-yard access, a storage container, and on-site parking.

For investors, the hard work has already been done. The property is leased to Yum Inc. Limited on a 3-year term from 1 August 2024, with one further 3-year right of renewal. The current rental is $35,844 per annum plus outgoings, with fixed annual increases of 3%, providing built-in growth from the outset.

The property is zoned NCC Inner City - Fringe and is located in a well-established commercial and industrial area close to Nelson's city fringe. The building is tidy and well-maintained, with upgraded office and amenities and modernised processing areas, making this an attractive, manageable investment for seasoned buyers and first-time commercial investors alike.

If you have been waiting for an entry-level commercial investment with income in place and genuine appeal, this is one you should consider seriously. The seller is serious and committed to a sale, and all buyers are encouraged to act.

To view more information and download the property files, head to our Ray White listing here: https://rwrichmond.co.nz/RCH31262

Auction:
12pm, Tuesday 28 April 2026 (unless sold prior)
1 Estuary Place, Richmond

Listing ID: 43023881

Professional office, ideal for owner occupiers

69 Cleghorn Street presents a rare opportunity to secure a well-established commercial premises in a predominantly residential area, perfectly suited to owner-occupiers looking for a professional base for their business.

Situated within the Urban Residential 2 Zone, the property benefits from established use rights, having been used as office space continuously since 1992. This means the existing commercial activity can continue even if future district or regional plan rules would otherwise classify the use as non-complying. These rights apply as the activity was lawful when first established and has continued with a similar scale and intensity, provided the use has not been discontinued for a period exceeding 12 months.

The premises offer a practical and functional internal layout, making it well suited to a range of professional or service-based businesses. The building includes a welcoming waiting room for clients, office/reception area, separate office space, storeroom, kitchenette, and bathroom facilities, providing a comfortable and efficient working environment. With its approachable scale and layout, the property offers the flexibility of a commercial office within a building that retains a residential-style feel.

Parking and accessibility further enhance the appeal of this property. There is excellent on-street parking available directly outside the premises, along with a generous public parking area located across the road, providing convenient access for both staff and visiting clients. Adding to its appeal is the property’s excellent location in Redwoodtown, positioned just moments from the Redwoodtown Village shopping precinct. The area is well known for its strong mix of local retailers, cafes, and essential services, creating a convenient hub for both staff and clients.

For more information contact Michael Ryan or Jake Arnesen, your exclusive Bayleys listing agents

Listing ID: 43024093

Prime Corner, Drive Through Potential

This prominent Industrial 1 zoned corner property on State Highway 1 offers substantial redevelopment potential together with immediate owner-occupier opportunities.



Occupying a commanding position at the intersection of Main Street and Sutherland Terrace, the site enjoys exceptional visibility, strong passing traffic and high-impact signage opportunities alongside neighbouring high-profile national brands including McDonald’s, Burger King and Guthrie Bowron.



Set on 895sqm (more or less) of land, the property includes a versatile 228sqm (more or less) two-storey building that can be retained, modified or removed entirely.



For developers, the generous land size, prime corner location, two dedicated vehicle crossing entrances from Sutherland Terrace, on-site parking and yard space create an outstanding platform to pursue change of use consent for higher-value commercial redevelopment in this proven location.



For owner occupiers, the ground floor provides a functional showroom, workshop and office space ready for immediate use or conversion, while the upper level features a two-bedroom caretaker’s flat with kitchen, lounge and bathrooms, ideal for live-work or staff accommodation.



A rare opportunity to secure a high-profile Blenheim site with genuine flexibility for both forward-thinking developers and ambitious owner occupiers.



Key features

• Industrial 1 zoned corner site on SH1 offering exceptional visibility and strong redevelopment upside
• 895sqm (more or less) land with dual vehicle crossings from Sutherland Terrace plus on-site parking
• Excellent owner occupier opportunity with versatile 228sqm (more or less) building featuring showroom/workshop space and two-bedroom caretaker’s flat

For Sale $1,295,000 plus GST (if any)



Form more information or to view, contact the exclusive agents Zak Thorpe or Grant Thorpe

Listing ID: 43024267

Town centre commercial land - Mangawhai

Two vacant commercial development sites positioned on the high‑profile corner of Moir Street and Molesworth Drive in central Mangawhai. Lot 1 (approximately 1,250sqm (more or less) and Lot 4 (approximately 1,312sqm (more or less) are available individually or together and benefit from Business - Commercial zoning.

The sites offer strong road frontage, exposure and accessibility within Mangawhai’s established commercial core. Approved resource consent and architectural plans provide a clear development framework and a de‑risked pathway, with flexibility to proceed with the consented scheme or adapt the design to suit alternative commercial outcomes, subject to approvals.

Surrounded by supermarkets, service retail, hospitality operators and growing residential catchments, the location supports sustained demand for new commercial development. As Mangawhai continues to grow as a permanent township, centrally located commercial sites of this nature remain tightly held.

Listing ID: 43024374

Motorsport Sheds at Gasoline Alley, Taupō

Motorsport Sheds at Gasoline Alley, Taupō 

• Arrive & Drive at Taupō International Motorsport Park

• Limited Availability

• 90m² Floor Area

• 3.9m x 4m Motorised Roller Doors

• 5.86m x 14.7m Internal Dimensions

• LED Lighting & Power Outlets

• Shared Toilet Facilities 

• 8 Minutes to Taupō’s CBD

Secure your own shed at a world-class motorsport facility, conveniently located in the Central Plateau. Each of the remaining six sheds offers all you need to maintain, upgrade, and store your prized machine. Thoughtfully engineered, the sheds offer durability and security.

Taupō has a rich history with motor racing. The track was extended in the early 2000s to host A1GP and has since evolved from a beloved grassroots track into a world-renowned facility. Under the stewardship of Tony Quinn, the track has maintained its grassroots DNA whilst hosting major annual events such as Supercars, Historic GP, NZ Superbike Championship, D1NZ, and RE-Union, the world's largest gathering of rotaries.

The sheds are exclusively for GT Members, motorsport enthusiasts who enjoy 80 track and GT Lounge sessions each year, plus VIP access to events.

Complimentary businesses located at TIMP include Isaac Performance Vehicles, Henson & Murray Engine Rebuilders, and Prime Motorsport. 

If you like the smell of high-octane fuel and burnt rubber, call Tom today.

Listing ID: 43024419

Aged care income in blue-chip Devonport

• Secure aged care investment at 22 Calliope Road, Devonport, occupied by an aged care facility in a tightly held village-fringe location
• Investment underpinned by sought-after Devonport location
• Current rental of $157,874.75 + GST p.a. on 10-year initial term plus renewal rights extending to a final expiry of 30 November 2050

Positioned in the heart of Devonport, 22 Calliope Road presents a tightly held investment in an increasingly sought-after sector, underpinned by non-discretionary aged care demand and a proven operating location. The property is occupied by an Aged Care provider trading from the site, offering investors exposure to a defensive healthcare/aged care asset class in one of Auckland's most established and affluent coastal suburbs.

The income profile is backed by a traditional commercial lease (ADLS) providing a passive 10 + 10 +10 lease structure with built in rental growth via a combination of market and CPI/fixed reviews with personal guarantees.

For purchasers seeking resilient cashflow with sector relevance and long-term positioning, this is a compelling Devonport offering combining healthcare-backed use, established occupancy and enduring location appeal. The asset is likely to attract investors looking for a passive income stream today, with confidence in the essential-service nature of the underlying operation and location.

Listing ID: 43027183

Prime Queen Street retail with car park

Located at the bustling intersection of Mayoral Drive and Queen Street, this 51 sqm retail space offers unparalleled visibility to both foot traffic and passing cars. This prime ground-floor location features floor-to-ceiling windows, flooding the space with natural light.

Key Features:

• A versatile open plan space, perfect for various retail uses
• Includes a separate bathroom and kitchenette for convenience
• Comes with one garage car park and a storage locker
• Close to all CBD amenities and the new CBD rail link, ensuring growing visibility and foot traffic
• Situated on a busy street front, offering excellent advertisement opportunities

Don’t miss out on this fantastic opportunity to establish your business in a high foot traffic, highly visible location.

For more details or to arrange a viewing, please contact:

Ken Hu
021 11 77 288
ken.hu@bayleys.co.nz

Listing ID: 43027184

Character investment in the heart of St Heliers

• 214sqm (approximately) freehold standalone property
• 304sqm (more or less) fee simple land zoned Business – Local Centre
• Situated just steps from St Heliers Bay Beach
• Available for immediate occupation

A rare opportunity to acquire a versatile, standalone commercial asset with vacant possession in the heart of St Heliers Village. The property features a dual-level configuration perfectly suited for a wide range of uses, consisting of a high-profile ground floor space previously occupied by a café and a professional first-floor office tenancy.

Whether through a full refurbishment to reset the rental profile or a strategic repositioning of the former hospitality infrastructure, 8 Maheke Street stands as a premier acquisition in one of Auckland's most sought-after coastal precincts. Don’t miss out, call now!

Listing ID: 43028421

Grey Lynn - City fringe leased office investment

• 184sqm (approximately) freehold office unit + 62sqm (approximately) deck
• Immaculately presented, with potential for conversion to residential or live-work
• Prime position opposite Woolworths, just moments from Ponsonby Road
• Enjoys a net rental income of $73,700pa + GST
• A compelling opportunity for both investors and future owner-occupiers

Units G01-G04, 20 Williamson Avenue forms part of the popular Greenhouse development and offers a beautifully presented office space with a large private courtyard. Ideally located, the property provides easy access to local amenities, public transport, cafes, restaurants, and Ponsonby Road, just a short walk away.

The property generates a net rental income of $73,700pa + GST and offers the possibility for an owner-occupier looking to relocate their business.

Spanning four separate freehold titles, the space has been opened up to create a generous open-plan office. It also offers excellent flexibility for future conversion into four separate residential apartments or lice-work units.

This presents an attractive opportunity for investors seeking an affordable, secure investment with strong potential for future residential conversion and added value.

Listing ID: 43028422

Grey Lynn – Luxury Retail and Showroom Leased Inve

The Greenhouse sits on the edge of Ponsonby one of Auckland’s most vibrant and sought-after neighbourhoods. Comprising an eight-level apartment development, including 91 apartments together with a substantial, high-quality, two-level penthouse apartment. Unit G09, 20 Williamson Avenue consists of a sizeable 313sqm ground level Retail and Showroom unit split into two separate tenancies.

The Greenhouse is beautifully presented to a high quality and includes the use of a resident’s lounge. In a high-profile corner position at the intersection of Williamson Avenue and Pollen Street, the property also sits opposite Woolworths Supermarket and is a short, circa 150 metre walk to Ponsonby Road.

The corner tenancy is home to Juno Eatery, a very popular all-day eatery. Enjoying a net rental of $84,000 + GST pa on a 6-year lease term and fixed 3% annual rent reviews.
The balance comprises a stunning showroom/office with a net rental income of $103,800 + GST pa.

This stunning investment opportunity should not be missed. Contact the agents today to arrange a viewing.