Commercial property for sale

Listing ID: 43032203

Occupy or Redevelop on Rangitikei

Colliers is pleased to present for sale 430-432 Rangitikei Street, Palmerston North, an affordable, well-positioned industrial investment opportunity.

This substantial property comprises approximately 1,450 sqm of building area, prominently located on Rangitikei Street (SH3). The building is positioned to the front and centre of the site, supported by seven customer car parks at the frontage and an additional 450 sqm of secure yard space.

A standout is the property’s rare dual access, with entry from Rangitikei Street (SH3) and rear access to the secure yard via Darren Lane.

The current tenant occupies the premises on a month-by-month arrangement, providing holding income alongside flexibility for future occupation or redevelopment.

Surplus to the vendor’s requirements, this offering represents a genuine opportunity for owner-occupiers or developers to secure a versatile asset in a strategic location.

All enquiries and arrangements to undertake inspections to be directed to the sole agents.

(Note: All measurements, specifications and boundary lines are approximate only).

Features:

• Floor area 1,450sqm
• Land area 1,813sqm
• Fringe Business zoning
• Seismic status 55% NBS (IEP report prepared for the PNCC, dated 16 December 2015)

More information: https://www.colliers.co.nz/p-NZL67039851

Listing ID: 43032227

Four titles with split-risk income and upside

Key features:

• Four (4) unit industrial complex with four (4) titles offered as one
• Split-risk income returning $114,574pa + GST upside from vacant units
• Business - Light Industry zoning in a high-growth Drury location near State Highway
• Motivated vendor with clear instruction to sell

Positioned within the rapidly growing Drury industrial precinct, this multi-unit industrial complex comprises four north-facing units on individual titles, offered together as a single holding. The property provides a combination of income and flexibility, with two units currently tenanted and two vacant, allowing for both immediate holding income and future leasing or owner-occupier upside.

Each unit is configured for functional industrial use, featuring clear-span warehouse space and roller door access, complemented by associated yard areas and onsite car parking. The total net lettable area is approximately 970.5sqm.

The site spans 6,710sqm (more or less), with good circulation for vehicles and equipment, although a portion of the land is impacted by the adjacent stream. The property is well suited to a range of buyers including investors seeking split-risk income, add-value buyers looking to lease the vacant units, or occupiers wanting to secure a foothold in a high-growth location.

Listing ID: 43032523

Prime multi-tenanted town centre asset

Key features:

• Occupancy: Diversified income from eight (8) tenancies across healthcare, retail, and service sector — full market potential of net $562,057pa + GST
• Zoning: Prime Town Centre zoned freehold with 18-metre height limit, strong pedestrian flow, and excellent Southern Motorway access
• Seismic (NBS rating): 71% NBS seismic rating (Grade B) with no immediate upgrade requirements
• Floor area details: Boasts 2,034sqm (approximately) of multi-tenanted retail and healthcare

Anchored by a newly secured lease to South Seas Healthcare Trust, this opportunity delivers a powerful and diversified income profile that immediately positions it as a high-quality commercial investment.

South Seas contributes $253,496pa + GST on a ten (10) + five (5) year structure, providing long-term covenant strength from a trusted Pasifika healthcare provider with deep community ties to the Otara catchment. Complementing the anchor tenant are seven (7) established operators, including a laundromat, dental, beauty, retail and financial services — creating a balanced, split-risk income stream of net $495,644pa + GST, with full market potential of net $562,057pa + GST.

Boasting 2,034sqm (approximately) of multi-tenanted retail and healthcare on a 1,737sqm (more or less) freehold site in the heart of Otara Town Centre, the asset benefits from one of South Auckland's highest-density catchments and consistent weekly foot traffic generated by the renowned Otara Markets. The scale, stability, and future growth opportunities present a rare chance to secure a proven income-generating asset in one of South Auckland's most active and evolving commercial precincts.

Listing ID: 43032568

Multi-Tenanted Kāpiti Investment

Positioned in the heart of Kāpiti’s retail 'Coastlands' precinct, opportunities like this are tightly held – and seldom released.

Set on 324sqm of freehold land, this substantial two-level building (approx. 526sqm) is fully leased to three established tenants – BFT Kāpiti, Victory Massage, and Kokoro Sushi Bar – delivering a steady net income of $114,878 + GST per annum from day one.

Underpinning the investment is a favourable 70% NBS rating (2025 IEP Report by Steven Young & Associates), giving buyers added confidence in a market where fundamentals matter.

With lease expiries staggered through to 2040, this is a well-balanced, multi-tenanted asset, offering diversified income and resilience in a high-demand retail environment.

Location is everything – and this delivers in spades. Directly opposite the entrance to Coastlands Shopping Centre and surrounded by national brands including Woolworths, ASB Bank, and Kiwibank, the property benefits from exceptional exposure, strong foot traffic, and seamless connectivity to rail, bus routes, and the Kāpiti Expressway.

Zoned Metropolitan Centre, the site also presents compelling future upside, with development potential of up to 12 storeys (subject to consent) – landbank for future development with investment income to enjoy. 

Rare in availability and proven in performance – act decisively!

For more information or to arrange a viewing contact:

Jo Stewart on 027 641 1680 jo.stewart@colliers.com or

Dean Anderson on 021 244 2931 dean.anderson@colliers.com 
 

Please note all areas and values are approximate only.

Features:

• Prime location opposite Coastlands entrance with high foot traffic
• Fully Leased - Three established tenants, diversified income
• Strong Returns - $114,878 + GST net income
• 70% NBS – Seismic confidence
• Future Upside – Metropolitan Centre zoning, development potential

More information: https://www.colliers.co.nz/p-NZL67039836

Listing ID: 43032750

Freemans Bay Standout - Rarely Available

Colliers is pleased to present 24 Spring Street, Freemans Bay for sale by Deadline Private Treaty closing Wednesday 27th May 2026 at 4:00pm (unless sold prior).

This four-level freehold asset is in a true landmark location, with triple frontages to Spring, Runnell and Cascade Streets. Basement car parking is complemented by three levels of modern character office, plus Queenies Café, a well-established western fringe favourite.

Across the three occupiers, QV, The Boundary and Queenies Café, the overall lettable area of 912.2m² (approx.) currently returns an annual net income of around $479,436.50 + GST (approx). The property is underpinned by a 503m² freehold landholding zoned Business – Mixed Use. The property includes 13 car parks and storage space allocated to the occupiers.

High-quality assets in this area are tightly held and seldom available, especially examples of quality. With its commanding corner position and established tenant profile, the asset will appeal to passive investors that understand the long-term value in this location. The building also presents a rare opportunity for an owner occupier looking to secure an exceptional long term base in the western CBD fringe due to a pending lease expiry with no further Rights of Renewal.

For more information and to arrange a viewing of the property, contact the Sole agents today.

More information: https://www.colliers.co.nz/p-NZL67039510

Listing ID: 43035913

A Legacy Opportunity in the Heart of Greytown

Welcome to Turkey Red - 53 Main Street, one of Greytown's most iconic and recognisable heritage buildings, proudly positioned in the centre of the town's vibrant shopping, café and restaurant precinct. Rich in history and presence, this landmark property presents a truly rare chance to create something extraordinary.

Please note this is a fire damaged property.
Set on a substantial 2,333m² site, the offering includes the original circa 1870 building (approximately 490m² across two levels) - a space brimming with character and potential.
The Opportunity
Already in place is an approved Resource Consent, with plans available to:
• Convert the main building into two premium retail/commercial spaces
• Develop four high-end townhouses at the rear
This is a ready-made blueprint for a landmark development - blending heritage charm with modern design in a location that consistently attracts both locals and visitors from Wellington and beyond.

Why This Matters
Greytown is one of the Wairarapa's most desirable destinations - known for its boutique retail, celebrated hospitality scene, and strong tourism appeal. A project of this calibre, in this location, has the potential to become a cornerstone of the town's future.
Whether you envision boutique retail, hospitality excellence, or premium residential living - Turkey Red offers the canvas to create a legacy. Opportunities like this don't just come along - they define generations.

Iconic. Historic. Unrepeatable.

Interest will be significant - and rightly so.

Contact Rachel 021 488 280 or Mike 021 166 3010 today for further information and to secure this extraordinary opportunity.

Listing ID: 43036258

Cromwell Industrial Corner Site

A compelling opportunity to secure a well-located, income-'producing freehold industrial property within Cromwell's tightly held industrial precinct.

1-3 Nancy Place comprises two adjoining freehold industrial titles with a combined land area of approximately 1,779sqm, improved by an approximately 250sqm clear-span warehouse and a large, secure yard with dual access from both Nancy Place and Hughes Crescent. The property is efficiently configured, offering vehicle circulation and functionality for a wide range of industrial, trade, and service occupiers.

Leased to TDX Limited, the property delivers immediate cashflow and represents a secure, income-producing investment underpinned by strong occupier demand. Cromwell continues to strengthen its position as the service hub for Central Otago and the wider Lakes District, supporting resilient industrial fundamentals and positive long-term growth prospects.

Key Highlights

• Income-producing industrial asset returning $61,500 p.a. + GST
• Two adjoining freehold titles totalling approximately 1,779sqm
• Expiring Lease - October 2026
• Approx. 250sqm clear-span warehouse with functional yard
• Dual access from two street frontages
• Tightly held precinct with limited availability of established industrial assets

The property is offered For Sale by Deadline Private Treaty, closing 4pm Friday 15 May 2026 (unless sold prior).

For further information or to arrange an inspection, please contact the exclusive agents James Valentine or Alex Tutty.

Listing ID: 43039949

IMMACULATE WAREHOUSE ON FELTON

Deadline sale: Closes on Wednesday 27 May 2026 at 12:00PM (unless sold prior)

SOLE AGENCY

Barfoot & Thompson Commercial is pleased to exclusively present 124D Felton Mathew Ave, St Johns.

This well presented industrial unit offers a refurbished 245m² industrial building in the tightly held St Johns precinct.

Available with vacant possession, the property features a new roller door, new lighting, epoxy flooring, three-phase power, and four exclusive car parks. With a north-facing aspect, Mixed Use zoning, and a low-maintenance profile, this is an ideal opportunity for owner-occupiers and investors alike.

KEY FEATURES:

• 245m² industrial building
• Vacant possession
• Refurbished throughout
• New roller door
• New lighting
• Epoxy floor
• Three-phase power
• Four car parks
• North facing unit
• Mixed-use zoning
• Low maintenance asset
• Stud height 3 metres low and 4.2 metres with the extended roof

Opportunities to secure a pristine unit like this on Felton Mathew Avenue are exceptionally rare. Contact the sole agent today to register your interest.

*All floor areas are approximate.

Listing ID: 43041494

CBD retail investment with diversified income

• Returning $193,000 per annum plus GST and outgoings from three established tenants
• Freehold 933sqm (more or less) site with approximately 733sqm of total building area
• Premium Tutanekai Street position alongside Te Manawa, the heart of the city
• Anchored by Macpac, with Toyworld and KV Tech completing a proven tenant mix

Positioned within one of Rotorua’s most sought-after retail blocks, this well-presented investment occupies a premium location on Tutanekai Street, surrounded by A-grade neighbouring tenants and directly alongside Te Manawa, the heart of the city.

The property is fully leased to Toyworld, Macpac and KV Tech, delivering a strong and diversified income stream. Macpac anchors the asset as a recognised international brand, complemented by Toyworld, a well-established national retailer, and KV Tech within the growing technology sector, providing a balanced and resilient tenant mix.

Benefiting from consistent pedestrian and vehicle traffic, the property enjoys excellent exposure and accessibility within this vibrant retail precinct. Its position among quality neighbouring occupiers further reinforces its long-term appeal to both tenants and investors.

Set on a 933sqm (more or less) freehold site, with approximately 733sqm of building area, this is an opportunity to secure a substantial landholding in a tightly held central location, combining reliable income today with future upside potential.

Property Files Link: http://propertyfiles.co.nz/5530402

Listing ID: 43041585

ROBUST INCOME, STRATEGIC LANDHOLDINGS

For sale by expressions of interest closing 2:00pm, Wednesday 3 June 2026 (unless sold prior).

Positioned adjacent to the Ellerslie train station and 150 metres from Ellerslie town centre, this income-yielding strategic landholding is perfectly placed to benefit from Auckland's ongoing urban growth and transit-oriented development.

A combined 1,599m² landholding, featuring favourable Business - Mixed Use zoning and underpinned by Ellerslie's locational attractiveness and a robust residential market, positions this property strongly for future high-density intensification.

19 and 21 Kalmia Street represent the lessor's interest in two strategically located titles, providing secure, low-maintenance ground lease income from established tenants with incomes of $65,650 and $65,910. These interests offer passive investment with five-yearly reviews fixed to 6.5% of the Freehold land value, ensuring the income stream keeps pace with land appreciation.

23 Kalmia Street is an 805m² Freehold landholding to the north with a 452m² building and six car parks, generating immediate income. A redevelopment clause within the lease offers flexibility to unlock the site’s development potential.

The properties are offered together or separately, to suit buyers focused on reliable passive income and rental growth prospects or its intensification potential. This is a standout opportunity to secure a substantial footprint in one of Auckland’s most connected growth corridors.

KEY FEATURES:

• Strategic 1,599m² combined site across three titles
• Unrivalled transit-oriented connectivity, located adjacent to Ellerslie train station and bus stops
• Income from $65,650 to $304,011 for the combined offering
• Favourable Business - Mixed Use zoning with a proposed 34.5m height limit under PC120
• Mixture of lessor's interests and Freehold title providing both passive income and development flexibility
• Options to buy one or more properties individually or in any combination

Listing ID: 43041697

Flexible and Modern Industrial Unit in Sockburn

CBRE is pleased to offer 5/19 William Lewis Drive, Sockburn to the market for sale or lease.

This A grade industrial warehouse is centrally located and will suit a range of uses.

With future leases flexible on occupation dates, this space is air-conditioned and thoughtfully divided over general-use warehousing, open plan and partitioned offices, and a break room.

The property’s electrical bill is subsidised with a functional solar power unit that heats its full-size hot water cylinder, providing significant outgoing savings.

Key Features:

- Warehouse: 47sqm
- Low-stud warehouse: 114sqm
- Ground floor office: 45sqm
- First floor office: 124sqm
- Mezzanine: 34sqm
- Car parks: 4
- Full-height electric roller door
- 3 phase power

All areas are estimated only and are non-verified, tenants must make their own enquiries and seek expert advice.

Contact the listing agents Max Wolvekamp 027 771 2341 or Jeremy Brown 027 506 0430 for further details or to arrange an inspection.

Listing ID: 43041981

City-Fringe Industrial | Income & Underlying Value

To be sold by deadline sale (by 3 June)

JLL New Zealand is pleased to present 8 Gordon Road, Morningside, for sale via Deadline Sale closing Wednesday, 3 June 2026 at 4pm (unless sold prior).

Positioned within one of Auckland’s most tightly held city-fringe precincts, 8 Gordon Road presents a compelling opportunity to secure a freehold industrial asset combining secure income with long-term growth.

The property returns $164,000 net per annum + GST, supported by 3% annual rental increases and full recovery of outgoings, delivering a growing and compounding income stream.

Comprising a versatile office, warehouse configuration with on-site parking on a 683 sqm freehold site, the asset is well suited to a range of occupiers, underpinning ongoing tenant demand.

Located in the sought-after Morningside precinct, the property benefits from proximity to the CBD, Ponsonby, and key transport links, with continued intensification driving long-term value.

Opportunities of this nature are increasingly scarce.

For more information and to arrange a viewing of the property, contact the sole agents today.


Key features:

• $164,000 net income + GST
• 3% annual rental growth + market reviews
• 100% outgoings recovery
• 683 sqm freehold Mixed Use site
• Office and warehouse with on-site parking

Listing ID: 43046584

High Profile Retail & Commercial

FEATURES:
• A rare opportunity in a Prime retail location
• 209sqm building on two titles
• Land area of 310sq m right in the heart of Katikati CBD.
• 4 dedicated carparks
• Vacant possession

The site is located in the centre of Katikati retail. The shop opens directly onto the Main St with a high traffic count of local and through traffic being on the main highway from Auckland to Tauranga.
Floor to ceiling glass windows with an auto entrance door and great signage opportunities on the verandah, roof and façade.
The building was reroofed in 2025 and in March 2026 an extensive refurbishment which included new carpet, ceilings, lights and most of the interior retail space repainted.
The property would suit retail or offices in a high foot traffic area with plenty of street parking.
The premises are extremely well presented and with some simple changes it may be possible to separate and lease as two shops/offices.
Please call John to discuss or to arrange an inspection.

Listing ID: 43046696

Consented Offices - Visibility and Parking

Converted residential building of approx 100m2.

• Nice presentation, fully air conditioned space
• 5 offices, reception open area, kitchen & bathroom

Standalone office building at rear approx 60m2

• 2 large rooms ideal for meeting rooms, office, or storage
• Smaller room ideal document storage or general storage

• Plentiful aggregate concrete.
• Double glazed hush glass windows.
• Hard wired light box signage.

• Currently leased at $42,000 + OG + GST with 3 years duration.

• Potential for vacant possession in short term should an owner occupier wish to purchase.

• Strategic location at city end of Te Rapa straight means great opportunity for investors or owner occupiers.

For sale by Tender closing Monday 8th June 12:00pm

Listing ID: 43046830

Entry Level Investment

• Single level building known as the Lines Building has a total floor area of 737sqm (approx.)
• Currently returning $40,861pa plus GST & Outgoings (approx.)
• Strong seismic NBS rating. Separate title issued
• Stable Tenant base with an average tenure of 11 years has a mix of commercial and service tenants
• Good street parking directly outside

The property occupies a prominent corner site at Rewi Street and Burgess Street in Te Aroha just a short walk from the town centre. Te Aroha is a rural town in the Waikato Region, situated at the foot of Mt Te Aroha.

The Lines Building offers a perfect opportunity for yield buyers seeking an entry level investment. With flexibility in leases and spaces, this is an easy care property. The owners have called time so are motivated to sell. The property is an affordable entry point investment. Call the SOLE AGENTS today to discuss further.

Listing ID: 43046844

Power to the People

• Three level building known as the Workshop Building has a total floor area of 2,218sqm (approx.) with associated yard
• Attractive yield buy at 13%!
• Currently returning $120,827pa plus GST & Outgoings (approx.)
• Strong seismic NBS rating
• Stable Tenant base with an average tenure of 21 years
• Anchor Tenant Pringle Beleski and Associates, a high voltage specialist business

The property occupies a prominent corner site at Lawrence Ave, Rewi Street, Burgess Street and Lipsey Street in Te Aroha just a short walk from the town centre.

This three-level industrial style facility incorporates workshop and office space. Featuring a full building height 30 tonne gantry crane and associated chattels. A long standing tenant base provides a strong income stream with additional upside. Great buying here. Contact the SOLE AGENTS for more information.

Listing ID: 43046850

Yield Buy Above 12%

• Multi-level office and retail building known as the Administration Building has a total floor area of 3,328sqm (approx.), plus adjoining carpark
• Currently returning $110,373pa plus GST & Outgoings (approx.)
• 100% seismic NBS rating
• Separate title issued
• Long standing tenants with established occupancy
• Handy location close to Te Aroha town centre and its amenities

The property occupies a prominent corner site at Lawrence Ave, Rewi Street, Burgess Street and Lipsey Street in Te Aroha just a short walk from the town centre. Te Aroha is a rural town in the Waikato Region, situated at the foot of Mt Te Aroha.

The Administration Building provides a diversified tenant mix with a combination of government and commercial occupiers. With long standing tenants and vacancy upside, this building offers buyers the chance to cash in on stable income with future growth potential. Contact the SOLE AGENTS today for more information.

Listing ID: 43047008

High Performing & Established Coastal Accommodation - Freehold Going Concern

Presenting an exceptional opportunity to purchase a modern and well-established accommodation business, together with the freehold interest of the land and buildings in the popular coastal suburb of Strandon, New Plymouth.

The Strand Accommodation comprises 16 units with an occupancy rate of 79.5% over the past four years and a RevPAR of $178.25 (inc GST). The accommodation is of a size and quality which is both manageable and meets a market demand for both short stay and long term guests. 

Situated on the north facing corner of Devon Street East and Strandon Place, in a popular coastal suburb on the northern periphery of the CBD, benefitting from easy access to the best beaches and cafes in New Plymouth.

Property being sold by way of Deadline Private Treaty, closing 1pm Wednesday 17 June 2026 (unless sold prior).

For more information or to arrange an inspection contact:

Benet Carroll
0210 289 4537

benet.carroll@colliers.com

Please note: all floor areas are approximated only.
 

Features:

• Proven accommodation business with strong repeat clientele
• 16 accommodation units
• Significant recent upgrades including a 8-unit building constructed in 2020
• Site Area: 1,897 sqm (approx.)
• Corporate and leisure demand supporting year-round occupancy
• Freehold property + established income stream
• Impressive 4.5 / 5 Google Rating
• Occupancy rate: 79.5% average over past 4 years
• RavPAR: $178.25 (inc GST)

More information: https://www.colliers.co.nz/p-NZL67039383

Listing ID: 43047036

Convenience On The Corner

Positioned on a prominent corner site, 590 Hillside Road presents an excellent opportunity for businesses seeking a versatile office space with future development potential.

Currently being utilised by Purple Property Management, the land and buildings only are on the market to be sold.

Welcoming clients and staff alike, the property opens into a well-presented front entranceway complete with a reception desk and comfortable waiting area. To the left, a separate meeting room provides the perfect space for private discussions or team collaboration.

Moving through the premises, you'll find a generous open-plan workspace suited to multiple desks, alongside an additional side room that could easily function as a private office, stationery hub or print room.

Further along, a bright and inviting area benefits from natural light, creating an ideal environment for productivity. Adjacent to this space is a compact kitchen, offering convenience for staff.

From here, step out into a small, private covered courtyard - a great breakout space that adds flexibility to the layout. This area flows through to a single car garage and includes a toilet for the property.

With parking available at the front and its high-profile corner positioning, this property is well-suited for a range of professional uses. Add to that, the future development potential and you have a compelling investment or owner-occupier opportunity.

Listing ID: 43047278

Business Opportunity in Lifestyle setting

Set on just under 1 hectare of flat, usable land, this outstanding property offers the ideal combination of lifestyle living and business potential. Positioned at the junction of SH1 and SH2, with excellent road frontage and exceptional exposure, this is a rare opportunity in a highly visible and sought-after location.

Self-contained set up 38sqm
1 Storage Container (Coffee or food business portable set up) 18sqm
2 Storage Container (office, business etc) 2x 18sqm
Workshop with power (approx 70sqm),

The fully renovated main home features three generous bedrooms, two modern bathrooms, and stylish updated interiors, ready for you to move in and enjoy.

Adding even more value, the property includes a brand-new 38 sqm self-contained unit, perfect for an extended family, rental income, or office space. There are also three 18sqm storage units suitable for commercial use, along with a large powered workshop, ideal for trades, storage, or business operations.

With its flat contour, easy development potential, and outstanding visibility, this property is perfectly suited to a range of home-based business opportunities, including a café, storage facility, market garden, or greenhouse operation. Mature fruit trees at the rear of the property add to the charm and enhance the peaceful lifestyle feel. Close to the beautiful Mt William Walkway, adding even more appeal to this unique lifestyle property.

Live, work, and grow your future all from one exceptional address. Opportunities like this are rare, so secure your place today.