Commercial property for sale

Listing ID: 43105095

Entry level retail investment

Immaculate retail investment opportunity in a strategically positioned, modern retail development on SH1, Timaru.

Positioned within the established and highly regarded The Landings retail precinct in Timaru, Unit 5 presents a compelling opportunity to acquire a modern, passive, commercial investment secured by longstanding national branded tenant Pita Pit.

Having occupied the premises since the development’s inception in 2016, Pita Pit has reaffirmed its commitment to the location through a new 10-year lease commencing March 2026. The property currently returns $52,437 per annum net and offers investors the benefit of secure long term cashflow, built-in rental growth provisions, and a further 10-year right of renewal extending the final expiry through to March 2046.

Strategically positioned amongst a strong mix of complementary national brands including Columbus Coffee, Hell Pizza and Burger Fuel, Unit 5 benefits from excellent exposure within the complex together with consistent customer traffic generated by the wider retail offering.

Constructed with low maintenance materials and supported by generous onsite parking, the property is well suited to investors seeking a hands off investment with enduring tenant appeal and long term underlying value.

This offering represents an exceptional opportunity to secure a proven retail investment within one of Timaru’s popular large format retail and hospitality destinations.

For sale by Auction: 10am, Thursday 17 September 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:

• 10 year lease from March 2026
• Established national branded tenant
• Net annual income $52,437 per annum + GST & Outgoings
• One right of renewal of 10 years (final expiry March 2046)
• Quality tenant mix
• Considerable frontage and profile to SH1
• Good onsite parking
• Annual CPI rent reviews

More information: https://www.colliers.co.nz/p-NZL67040586

Listing ID: 43105961

Live/Work at Shotover Ridge - Vacant Possession

Colliers, as sole agents, is pleased to present Unit 17, 183-193 Glenda Drive Frankton, to the market for sale by Auction on Wednesday 16 September 2026. Positioned within the tightly held Shotover Ridge Unit, the property comprises of a modern 180sqm unit, split evenly across two 90sqm floor plates.

The property will be provided with vacant possession, giving a purchaser flexibility from settlement. Owner-occupiers can establish their business in the premise immediately, while investors have the opportunity to tenant and structure lease terms which align with their investment strategy.

A key point of difference is the property's flexible zoning, which allows for commercial uses across both levels or a combination of commercial on the ground level with residential accommodation above - a highly desirable feature within the Frankton market.

Investment highlights:

• 180sqm floor plate, split evenly across ground and first floor
• Offered with vacant possession
• Opportunity for investors to structure new lease terms to tenants
• 3 on site carparks

This is an opportunity to secure a well-located investment opportunity in a tightly constrained market.

For Sale by Auction, to be held at Colliers Level 2, 10 Athol Street at 11am on Wednesday 16 September 2026 (unless sold prior).

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

Listing ID: 43106367

Modern industrial asset | 5,223m2 freehold site

Property Brokers Hawke's Bay is proud to bring 5 Maultsaid Place to the market. Positioned within the established Irongate industrial precinct, 5 Maultsaid Place is a high-quality industrial property combining a modern 2025-built warehouse, substantial office accommodation and a separate workshop on a large freehold site.

The main building provides 1,608m2 of warehouse, 347m2 of office and amenities, a 105m2 balcony and 7.2m stud height, complemented by a dedicated loading zone and two gantry rails. A further 240m2 workshop, constructed in 2021, provides additional operational flexibility.

Strategically positioned, neighbours include Mainfreight, Rockit Apples, Lattey Group, Placemakers and Scania. The property offers excellent connectivity to critical transport links and a strong industrial location.

Key Highlights

• 5,223m2 industrial-zoned freehold site
• 1,608m2 modern warehouse completed in 2025
• 347m2 office and amenities across two levels
• 105m2 balcony
• 7.2m stud height
• Dedicated loading zone
• Two gantry rails
• 240m2 workshop built in 2021
• High-quality, modern improvements
• Excellent location within Irongate industrial

Whether you're looking for a high-quality owner-occupier facility or a strategically positioned industrial investment, 5 Maultsaid Place offers the scale, quality and location to warrant serious consideration.

Contact Property Brokers Commercial today for further information or to arrange an inspection.

Listing ID: 43106644

12-year lease to NZ manufacturing leader

Bayleys is pleased to present Building A, 75 Waikura Road, Drury, a brand-new freehold industrial investment leased to Slumberzone New Zealand Limited, one of New Zealand's leading mattress manufacturers.

Purpose-built for the occupier, the property comprises a modern high-stud facility with premium office accommodation and expansive canopy areas, delivering the functionality sought by today's industrial tenants. The asset returns net income of $1,378,475pa + GST and is secured by a 12-year lease term, further rights of renewal, annual rental growth provisions and a bank bond security.

Located within the rapidly emerging Drury industrial precinct, this freehold asset presents a rare opportunity to acquire a brand-new investment combining long-term income security, built-in rental growth and a proven national tenant covenant.

Key features:

• Freehold land and buildings
• Net income of $1,378,475pa + GST
• 12-year lease with two further rights of six years
• Annual fixed rental growth
• Bank bond security
• Leased to Slumberzone New Zealand Limited
• Brand-new, high-specification industrial facility

For further information, contact the sole agents

Paul Steele
021 494 111
paul.steele@bayleys.co.nz

Greg Hall
021 023 21884
greg.hall@bayleys.co.nz

Listing ID: 43109524

Premier industrial investment

A rare opportunity to secure a high-quality industrial investment in one of Whanganui's premier industrial locations. Positioned on 6,937 m2 (approx) of freehold land, this substantial property features a 2,578 m2 (approx) purpose-built manufacturing facility with specialised industrial fit-out. Leased to Pacific Helmets NZ Limited, this investment is underpinned by one of Whanganui's leading export manufacturers, with an established international presence, an outstanding reputation for innovation and a commitment to ongoing expansion. Pacific Helmets represents the calibre of tenant sought by discerning investors. Returning $304,000 net per annum, providing reliable income together with built-in rental growth.

Industrial investments of this quality, with an internationally recognised manufacturing tenant and strong income fundamentals, are seldom available in the market. A secure, passive investment backed by an industry-leading tenant, with a proven track record and exciting future prospects.

Investment Highlights:

• 6,937 m2 (approx) freehold industrial site.
• 2,578 m2 specialised manufacturing facility.
• Established industrial location in the Castlecliff industrial hub.
• The Tenant is Pacific Helmets NZ Limited.
• A proven export focused business with international reach.
• Committed to future growth and expansion
• A Blue Chip investment offering secure cash flow.
• Returning $304,000 net per annum.

For Sale by Tender closing 4pm, Thursday 24 September 2026 (will not be sold prior).

Listing ID: 43109636

Mānuka Industrial Estate EOI now invited

Mānuka Industrial Estate is a proposed industrial subdivision positioned to support Whanganui’s next phase of industrial growth.

The estate is being planned to provide flexible industrial sections suited to warehousing, logistics, infrastructure support and manufacturing operations, with the ability to accommodate a range of occupier requirements.

Ground lease and design-build lease structures are intended to provide long-term occupation solutions within a coordinated estate environment, while maintaining flexibility for future growth and operational scalability.

Early engagement is encouraged, allowing occupiers the opportunity to influence site configuration, staging and built form outcomes aligned to their operational needs.

Whanganui continues to strengthen its position as a regional centre for industrial, logistics and manufacturing activity, supported by ongoing investment, workforce accessibility and strategic regional connectivity. The estate is being advanced in alignment with broader regional growth initiatives focused on supporting industry, employment and long-term economic development.

Alternative structures, including freehold sale, may be considered on a case-by-case basis where aligned with the overall vision for the estate.

Geotechnical investigations have been completed confirming the site is generally suitable for conventional industrial construction, providing confidence for future development.

For further information, please visit www.manukaindustrialestate.co.nz or get in touch with John today!

Listing ID: 43110880

Renewable Energy Investment With 30 Year Lease

NAI Harcourts is instructed by the executors of the estate to bring 124 Lamb Road, Pukenui to the market for sale.

Positioned in the sun-drenched Far North, this 15.8555 Ha freehold property offers a hands-off, long-term cash-flow investment. Backed by an international tenant, this consented and operational solar farm investment presents a prime opportunity for passive wealth generation through renewable energy.

Key Investment Highlights:
• Secure Passive Income: Net annual rental of $62,964 +GST, with all outgoings recovered from the tenant.
• Long-term cash-flow duration: Secure income security underpinned by a 30-year registered lease from 2022, complete with a 30 year right of renewal to lock in generational cash flows.
• Annual rental upsides: Built-in annual CPI rent adjustments ensure continuous yield protection against economic shifts over the life of the lease.
• Ideal for private investors, investment companies, and Iwi seeking a zero-friction, institutional-style asset requiring no day-to-day management.

• The lease is backed by Aquila Clean Energy APAC NZ - active in Australia, NZ, Japan, Korea & Taiwan

• With direct exposure to New Zealand's clean energy transition and generation, this investment provides for an outstanding ESG alignment.

Whether you are expanding a family investment portfolio with long-duration cash flows or seeking a premier sustainable asset with secure fundamentals, this Far North solar farm delivers security, scale, and sustainability in equal measure.

Contact Paul van den Berg and Steve Smyth today for more information.

Listing ID: 43110991

Iconic Glenorchy Freehold Going Concern

Colliers Otago is proud to exclusively present the iconic Glenorchy Hotel to the market.

Steeped in history and occupying a prominent and highly visible corner position in the heart of Glenorchy, this freehold going concern offering comprises a well-established hospitality and accommodation business set across 3,028sqm (more or less) of prime dual frontage land held over two titles.

The property features a popular bar, beer garden, restaurant and guest accommodation, general store / information centre, cabins, extensive parking and various outbuildings complemented by two separate dwellings. With multiple income streams and a long-standing trading history, the Glenorchy Hotel represents a rare opportunity to acquire a diversified tourism asset in one of New Zealand's most spectacular destinations.

Located just 45km from Queenstown, Glenorchy serves as the gateway to the many walking tracks and world-renowned outdoor attractions. The Glenorchy township continues to benefit from strong year-round domestic and international visitation, underpinned by its proximity to Queenstown and breathtaking natural beauty with strong growth projections forecast. The Glenorchy population also continues to grow.

Beyond the existing operations, the property's substantial landholding, central location and favourable zoning provide potential for expansion or redevelopment, subject to the necessary approvals. Opportunities of this scale and profile are exceptional hard to come by, offering pruchasers the chance to secure an iconic Queenstown-Lakes asset with both trading income and long-term potential.

• Freehold going concern
• Iconic established hospitality and accommodation business
• Multiple diversified income streams
• Potential for expansion
• Approximately 3,028sqm of land across two titles
• Onsite managers and staff accommodation
• Prime corner position in the heart of Glenorchy
• Strong tourism demand and year-round visitation
• Gateway location to major outdoor and visitor attractions
• Rare New Zealand hospitality offering

For further information or to arrange a viewing, please contact the exclusive agents Doug Reid and Alastair Wood.

Deadline Sale closing 3pm, 30 September 2026 (unless sold prior).

Listing ID: 43111019

High-Profile Colombo St Investment - 6 Year Lease

CBRE is pleased to present 458 Colombo Street to the market for sale by way of Auction on the 22nd September 2026 at 12pm (unless sold prior).

Positioned on one of Christchurch's busiest suburban commercial corridors, 458 Colombo Street presents an affordable freehold investment opportunity within the heart of the established Sydenham commercial precinct.

The property comprises a well-presented single-level commercial building situated on a high-profile Colombo Street site, benefiting from excellent exposure, accessibility and strong surrounding commercial activity. The location continues to attract both occupiers and investors due to its strategic city fringe position and proximity to Christchurch CBD.

The property is leased to Bikanervala on a six year lease plus renewalls, an internationally recognised Indian restaurant and confectionery brand with an established presence throughout New Zealand and overseas, returning $70,200 net per annum plus GST and outgoings.

Underpinned by Local Centre zoning and a 67% NBS rating, this offering combines secure holding income with long-term location fundamentals in one of Christchurch's most established commercial precincts.

Investment highlights:
· Returning $70,200 net p.a. + GST and outgoings
· Leased to internationally recognised brand, Bikanervala
· Freehold land and building
· High-profile position on Colombo Street
· Approx. 210sqm building on 212sqm freehold site
· Located within the established Sydenham commercial precinct
· 67% NBS
· Local Centre zoning
· Affordable city fringe investment

For more information and to schedule a viewing, please contact the Sole agents, Chengyang Zhang (021 387 167) or Paul Brown (021 386 069)

Listing ID: 43111221

B & B Business With Owners Accommodation

Looking for the perfect blend of home, lifestyle and income? This well-established bed and breakfast presents an exciting opportunity for an entrepreneur to step into a business that is already established, well set up and ready to go.

The owners' accommodation has been modernised and thoughtfully updated throughout, creating a light, bright and inviting home with open-plan living. With two bedrooms and private bathroom, there is comfortable and private accommodation for the new owners.

For guests, there are seven bedrooms, currently generating between $75 and $120 per night (or even book the whole lodge for $650 per night (up to 12 people)) providing an excellent opportunity to create a regular income stream. Guests also enjoy access to a communal lounge and dining area, a compact yet functional kitchenette, showers and toilets, along with laundry facilities.

With plenty of off-street parking and the property already configured for guest accommodation, there is little left to do other than welcome your first guests.

Whether you're looking for a change of lifestyle, an opportunity to work for yourself, or simply a business where you can meet people from all walks of life, this could be the perfect fit. Meet travelers from all over the world, create your own work-life balance and enjoy the rewards of running your own accommodation business from home.

Opportunities like this don't come along often, your new business and lifestyle could be waiting right here.

Listing ID: 43111286

The Hard Work is Done!

NAI Harcourts and Blue Fern Realty have clear instructions to sell this significantly de risked development platform: consented for 46 terrace units, with civil works complete, and live building consents. Comprising four freehold titles (5,537m²), with dual access via Awaroa and Sunhill Roads, the heavy lifting is done. Earthworks, retaining, accessways, and stormwater/wastewater reticulation are in the ground. Step in mid stream and drive this unique opportunity straight to completion. Perfect for a build to rent hold, or a staged build and sell down.

Key Project Features:
• Land: 5,537m² across 4 freehold titles
• Resource Consent: 46 two bed terrace homes across 8 blocks
• Subdivision: Unit title subdivision consented
• Building Consents: Issued and live
• Infrastructure Growth Charges: Paid
• Civil Certification: EACC obtained
• Full data room available

The vendors hands are full with several large projects and this must go!
Deadline Sale: Thursday, 4.00pm, 17 September 2026 (unless sold prior).

Contact the joint sole agents now for information and data room access.

Listing ID: 43112450

Two Villas. Two Titles. Multiple Pathways

Two adjoining character villas. Two separate freehold titles. Current holding income and multiple future pathways.

JLL is pleased to present a rare opportunity to acquire an adaptable 490 sqm city-fringe landholding positioned moments from Victoria Park, Ponsonby, Wynyard Quarter and Auckland’s CBD.

The properties comprise approximately 268 sqm of commercial accommodation across two-character villas and generate combined current rental income of $109,606 net per annum.

The existing lease structure provides immediate income together with near-term flexibility. The lease at 39 Spring Street expires on 31 March 2027, creating an opportunity for a purchaser to occupy, re-lease or reposition the property, while 37 Spring Street remains occupied by a long-established tenant.

Underpinning the improvements are two adjoining freehold titles zoned Business - Mixed Use, with a current 18-metre height standard and approximately 20.20 metres of combined frontage to Spring Street.

Whether acquired for investment, future occupation, land-banking or longer-term redevelopment, 37 & 39 Spring Street provide the freedom to determine the next chapter.


Key features

• Two adjoining freehold character villas
• Combined land area of 490 sqm across separate titles
• Approximately 268 sqm of commercial accommodation
• Combined current rental of $109,606 net p.a.
• Four on-site car parks
• 39 Spring Street available following lease expiry in March 2027
• Long-established tenant at 37 Spring Street
• Business – Mixed Use zoning
• Current 18-metre building height standard
• Walking distance to Victoria Park, Ponsonby, Wynyard Quarter and the CBD
• Suitable for investors, owner-occupiers and strategic landholders

For sale by Deadline Private Treaty closing 4pm, Wednesday 23 September 2026, unless sold prior.

Contact the sole agents to arrange an inspection or obtain access to the due diligence information.

Listing ID: 43114846

Portfolio Scale I 24 Titles I Airbnb Consented

A rare opportunity to acquire an entire collection of 24 one-bedroom apartments in a single transaction, providing immediate scale without the time and complexity of building a portfolio unit by unit.

Located within their own standalone Building C at Fletcher Living's premium The Poplars development, the apartments are currently under construction and nearing completion, with handover anticipated in early 2027.

Each apartment is held on its own individual unit title, providing exceptional flexibility. Investors can retain the collection as a substantial income-producing portfolio or, over time, sell individual apartments to progressively realise capital and enhance liquidity.

Importantly, the building has been specifically designed and consented for short-term accommodation, including Airbnb-style use, a significant point of difference in a market where many conventional apartments may face uncertainty or restrictions around short-term letting.

Offering scale, operational efficiencies, future liquidity and substantial short-term accommodation income potential, this is a genuinely differentiated opportunity for investors, syndicates, family offices and residential accommodation operators seeking a premium inner-city portfolio.

For sale by Deadline Private Treaty: 4pm, Thursday 24 September 2026 (unless sold prior).

*Artist impressions only. Boundary lines are indicative only

Features:

• 24 separate unit titles – whole building acquisition
• A cashflow focused asset – long or short term tenancies
• Consented for Air BNB
• Brand new construction
• The Poplars has been designed by award-winning local architects Herriot Melhuish O’Neill
• Quality construction, delivered by Fletcher Living Residential
• Low maintenance, durable materials, generously appointed apartments
• All apartments have very liveable configurations with west facing balconies for afternoon sun

More information: https://www.colliers.co.nz/p-NZL67042106

Listing ID: 43115073

Corner Position, Income & Opportunity

Positioned within the established Laidlaw Way commercial precinct, 6/12 Laidlaw Way presents an attractive opportunity for investors seeking an established commercial asset with rental upside, or owner-occupiers looking to secure a well-located premises with the benefit of existing holding income.

The property comprises 266m² across two levels, complemented by nine dedicated car parks, and occupies a prominent corner position within the Laidlaw Way precinct.

Currently returning $59,950.24 net per annum plus GST and outgoings, the property provides a solid holding income with potential for future rental growth. The flexible two-level configuration also provides a range of options for investors and owner-occupiers alike.

The property is conveniently located with excellent connectivity to Ti Rakau Drive, Botany Town Centre, Highbrook Business Park and Auckland’s wider motorway network, making it an appealing location for a range of commercial occupiers.

Having owned the property for more than 20 years, the vendors are now looking to streamline their commercial property holdings and release capital for retirement. This represents an excellent opportunity for a new owner to secure a well-established commercial property in a sought-after East Tamaki location.

Whether you are an investor looking to establish a foothold in the commercial property market with potential to grow rental returns, or an owner-occupier seeking a well-positioned premises with existing holding income, 6/12 Laidlaw Way offers flexibility, functionality and long-term potential.

For Sale by Deadline Private Treaty Closing 4:00pm, Wednesday 30 September 2026 (unless sold prior).

Contact the Sole Agents today for further information or to arrange an inspection.

Will Bason
+64 27 358 9383
will.bason@colliers.com

Ryan Gibb
+64 21 055 1049
ryan.gibb@colliers.com

Features:

• 266m² (approx.) Commerical unit
• 9 Exclusive car parks
• Suitable for investors or owner-occupiers
• Established East Tamaki Location
• Business - Light Industry Zone

More information: https://www.colliers.co.nz/p-NZL67042055

Listing ID: 43115438

LONG-TERM HOSPITALITY TENANT

Deadline sale: Closes on Thursday 24 September 2026 at 4:00PM (unless sold prior)

This freehold unit is fitted for a fully licensed hospitality restaurant and is located on the ground floor in the centre of Chancery Square.

It features three access points from Chancery Street, Courthouse Lane, Bacons Lane, and Kitchener Street. The location benefits from high foot traffic from High Street and Queen Street, and is within easy reach of The University of Auckland.

The current tenant has been operating their business from this location since 2019. The lease was recently renewed for a six-year term starting 1 July 2025, and will expire on 30 June 2031 with no further rights of renewal. The lease provides a personal guarantee in addition to a $120,000 bank guarantee. This presents an excellent opportunity for an investor seeking a secure, long-term investment with future owner-occupier potential.

For sale is Unit C103 and Accessory Unit 5. The property has a floor area of approximately 102.7m² and features a main retail restaurant equipped with a commercial kitchen and a private toilet, along with a covered seating area of approximately 53m². There is a common shared toilet amenity within Chancery Square.

• Total lettable area approximately 156m²
• Current term expiry 30 June 2031 with no further rights of renewal
• Current annual rental is $163,200 net + GST

For more information or to arrange a viewing, please contact the listing agent.

Listing ID: 43115676

Mortgagee Sale: Add-Value Opportunity

CBRE (Agency) Limited presents to the market 141 The Terrace, Wellington Central instructed by the mortgagee. This is an exceptional opportunity to acquire a 17-level office tower situated above a two-storey retail podium in Wellington’s CBD core. With dual access from both The Terrace and Lambton Quay, this property benefits from its proximity to the Golden Mile which is Wellington’s premier retail precinct.

The property comprises a Net Lettable Area (NLA) of some 8,825sqm on a shared interest site of 1,726sqm (more or less). Level 15 has recently been refurbished and the upper levels enjoy abundant natural light and stunning harbour views. This asset offers a unique opportunity to refurbish and reposition, driving an opportunity for enhanced income and capital appreciation.

Investment highlights include:

• 17-level CBD Office Tower
• Net Lettable Area: 8,825sqm (approx.)
• Gross holding income: $1,582,264pa + GST (approx.)
• Excellent natural light and outlook from upper floors
• 550sqm (approx.) floors
• Stratum in Freehold
• City Centre Zone

This is a great opportunity to acquire a prominent office tower located in the heart of Wellington’s CBD, offering significant upside and value-add potential. Accordingly, CBRE strongly recommends your early consideration of this investment opportunity and encourages interested parties to get in touch without delay.

The property is being offered for sale by Deadline Private Treaty closing 4pm on Thursday 8 October 2026. All enquiries, including arrangements for inspections, should be directed to one of the nominated exclusive CBRE brokers.

Listing ID: 43115698

Historical 5,572m² Urban Development Site

SOLE AGENCY

For Sale by Expressions of Interest, closing 4pm, Wednesday, 30 September 2026 (unless sold prior)

Colliers is pleased to exclusively present 280 Botany Road, Golflands, a rare opportunity to acquire a substantial 5,572m² (more or less) freehold development site within one of East Auckland's most established and highly sought-after residential catchments.

Created through the approved subdivision of the historic Hawthorn Dene estate, the property comprises a predominantly flat development site zoned Residential Mixed Housing Urban, providing flexibility across a range of residential development outcomes subject to the relevant approvals.

A standout feature of the offering is its unique heritage setting. The site adjoins the renowned Hawthorn Dene estate, with established heritage hawthorn hedges forming a natural separation from the historic cricket field and wider grounds. This creates an attractive and distinctive environment seldom available within Auckland's urban development market.

The property benefits from vehicle access via Amberwood Drive together with dedicated pedestrian connectivity to Botany Road, providing convenient access to public transport, local amenities and the nearby Golflands retail precinct. The wider location offers excellent access to Botany Town Centre, Howick Village, Highbrook Business Park, quality schooling and a broad range of recreational amenities.

Combining scale, zoning certainty, approved subdivision status and a genuinely distinctive setting, 280 Botany Road presents a compelling opportunity for developers, land bankers and strategic investors seeking to secure a development-ready site within a proven East Auckland growth location.

Property Highlights

• 5,572m² freehold development site (more or less)
• Residential Mixed Housing Urban zoning
• Approved subdivision with new title expected upon completion of final separation works
• Flat and efficient development platform
• Unique heritage setting adjoining the Hawthorn Dene estate
• Established heritage hawthorn hedges providing a landscaped boundary
• Vehicle access via Amberwood Drive and dedicated pedestrian access to Botany Road
• Prime Golflands location close to Botany Town Centre, Howick Village and Highbrook Business Park
• Development-ready opportunity within an established residential catchment

For further information, access to the dataroom, or to arrange an inspection, please contact the sole agents.

Josh Coburn                    021 990 691

Harry Cooper                   021 885 504

More information: https://www.colliers.co.nz/p-NZL67041810

Listing ID: 43115766

High Profile Freehold Site

JLL are pleased to exclusively offer 733-735 Great South Road, Penrose for sale by Deadline Private Treaty, closing 4pm Thursday 24th September 2026 (unless sold prior).

Look no further, here is a rare opportunity to acquire a standalone property in one of the most highly sort-after central industrial precincts. This impressive freehold land parcel measures 2,230sqm, zoned for Business Heavy Industry, making it a highly sought-after property in the popular Penrose industrial precinct. Situated on the famous Great South Road, it benefits from huge exposure with circa 30,000 cars passing daily. Location allows super convenient access to major arterial routes and motorway systems.

This well-maintained property features an impressive 39-meter-wide frontage onto Great South Road, allowing owner-occupiers to benefit from maximum exposure. The building area totals approximately 837 sqm, comprising 175 sqm of modern, air-conditioned offices and amenities split over two levels. The 660 sqm warehouse boasts a 7.0-meter stud height at the apex, excellent access via four large roller doors, and protection from a 170 sqm canopy. Located at the front of the building is a secure yard with dual driveways via Great South Road, providing full circulation to facilitate container de-vanning.

The property is currently tenanted by Industry Motor Group, with the final lease expiry approaching in April 2027. This timing allows a savvy investor to negotiate potential further terms or offers a strategic opportunity for an owner-occupier to secure a new headquarters.

Key Features:
- 2,230sqm (more or less) freehold site
- 837sqm building area
- 39m wide frontage onto Great South Road
- Dual driveway access
- 75% NBS rating
- Vacant possession May 2027

Please call now to discuss further with your local experts.

Jeremy Barnett
Danny Guise

Listing ID: 43119458

Profile, parking and diversified income

394 Palmerston Road presents a split-risk commercial investment opportunity in an established fringe commercial location. Comprising seven separate tenancies, the property offers diversified income potential while retaining flexibility for an owner-occupier to occupy part of the premises and collect income from the balance.

Positioned on busy Palmerston Road, the property enjoys strong exposure to passing traffic, convenient access for customers, staff and suppliers, and good off-street parking. These attributes support a range of retail, trade, service, office and customer-facing commercial users.

The property is located within a recognised commercial precinct, providing a practical and accessible setting for established commercial activity. Combining multiple income streams, profile, parking and future owner-occupier potential, this is a versatile Gisborne commercial holding suited to a broad range of investors and business owners.

Auction (unless sold prior)
1pm, Friday 25 September 2026
Bayleys, 10 Reads Quay, Gisborne

Listing ID: 43119818

First time to market in 35 + years

The property offers purchasers a compelling combination of location, scale, flexibility and future potential. The three title configuration provides a range of options for investors seeking to reposition or enhance a Central City commercial holding.

With multiple buildings and a versatile mix of space, the property provides the potential to accommodate a range of commercial uses while offering flexibility for future ownership strategies.

Having been tightly held and unavailable to the open market for more than 35 years, this is a genuine opportunity to secure a substantial Central City asset with strong underlying fundamentals and long term potential.

For sale by Auction 4pm, Wednesday 30 September 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:

• Net income $302,000 plus GST
• Site entails 3 buildings incorporating Music Works, Ferntech and Midea tenancies
• Land area 2,279 sq m plus one half share in 328 sq m
• Zoned Central City Mixed Use
• Buildings individually titled with auxiliary car parking
• Located on the northern boundary of South City Mall and within 500 metres of the CBD
• Attractive income spread anchored with 6 year renewal to Music Works
• Net lettable area 1,107.94 sq m

More information: https://www.colliers.co.nz/p-NZL67042205