A cold storage facility with vacant possession in the heart of Tauranga’s most established industrial precinct offers investors, owner-occupiers and developers a chance to capitalise on surging demand and limited supply in the high-barrier cold chain logistics sector.

Bayleys Tauranga commercial broker Craig Hilton is marketing the 4,088sqm (more or less) site at 10B Maleme Street for sale by deadline closing at 4:00 pm on Wednesday 13th August 2025 (unless sold prior).

Hilton says the property features a medium-scale cold storage development with real add-value opportunity, constructed over several decades. “The property comprises five separate cold rooms (two racked), a blast freezer, chiller, dry store, plant rooms, a loading platform with canopy, and supporting office and amenity areas.

“Total cold storage floor area spans approximately 1,556sqm, equating to 9,600cbm of cold storage capacity, with a rental valuation assessed at $397,500 pa plus GST,” he says.

“Cold storage facilities are notoriously expensive and complex to develop, which creates significant barriers to entry and places a premium on existing assets.

“This property requires some deferred maintenance before occupation, but it is already well-established, delivering the trifecta of a strategic location, income potential, and development flexibility.”

Located in the Greerton Industrial Precinct, adjacent the booming Tauriko Business Estate, the site benefits from proximity to State Highway 29 and 2, with rapid access to the Port of Tauranga, and excellent links across the ‘Golden Triangle’ economic hot zone – New Zealand’s premier logistics and freight corridor, encompassing Auckland, Hamilton and Tauranga.

“Tauranga continues to benefit from population growth, infrastructure investment, and an expanding logistics sector anchored by the country’s largest export hub. The lack of existing cold storage facilities in the Bay of Plenty region, combined with increasing demand from the horticulture, food processing, and pharmaceutical sectors, makes this a high-demand, low-supply proposition,” Hilton adds.

Initially developed in the 1970s, with subsequent extensions in 1985, 2007, and 2010, the site offers a range of ceiling heights and racking configurations across five cold rooms, enhancing operational efficiency.

Hilton says that with a secure yard, on-site parking, and an extensive covered loading platform, the site supports functional operations, while the elevation and flat contour add to its long-term development appeal.

“With Tauranga forming a key part of the ‘Golden Triangle’ – responsible for nearly 67 percent of national container throughput – properties such as this are increasingly sought-after by sophisticated buyers seeking resilient, income-generating industrial investments.

“The opportunity here lies in completing the deferred maintenance and repositioning aspects of the property, value-add leasing or owner-occupation with a purpose-built cold chain operation. With rental demand strong and little comparable stock available, the fundamentals are firmly in favour of the next owner,” Hilton says.

“Vacant possession and a motivated vendor mean buyers can act swiftly, while the property’s versatile configuration and zoning provide flexibility to suit a range of end uses. It’s a strategic play for anyone looking to enter or expand within the cold storage and logistics sector.”