A well-positioned leasehold property in the Mount Maunganui industrial precinct is now available for purchase, offering passive investors an affordable, low-risk entry into a thriving location with a strong tenant covenant.

Bayleys Tauranga brokers Brendon and Ryan Bradley are marketing the property at 14 Tukorako Drive for sale by deadline, closing at 4:00 pm on Thursday, 13th March 2025 (unless sold prior).

Brendon Bradley says more than 821sqm (more or less) of lettable floor area represents an attractive opportunity for investors seeking steady returns in one of New Zealand’s most dynamic industrial regions.

“The property comprises a medium-sized workshop building with two levels of offices and amenities, positioned on the front of the site. The open-plan, high-stud workshop area is complemented by a secure, fenced concrete yard to the rear, providing ample space for operational needs,” he adds.

“The tenant, Power Hydraulics, is a well-established local business with more than 25 years’ trading history in the Bay of Plenty. They are currently on a lease running through to 2033, which returns a solid annual net rental income of $49,613 after ground lease costs, with built-in rental reviews providing further upside potential.”

Bradley says the property is strategically located on Tukorako Drive within the Lambert Park leasehold subdivision, close to major transport links including Hewlett’s Road and State Highway 2, providing easy access to Tauranga Port and the broader Bay of Plenty region.

Mount Maunganui’s industrial precinct continues to attract significant investment interest, driven by its proximity to New Zealand’s largest port and key infrastructure. The area’s mix of manufacturing, warehousing and distribution businesses makes it a hub for both local and international trade, with favourable growth drivers underpinned by a critical position within the New Zealand’s ‘Golden Triangle’ economic engine room.

Bayleys Tauranga broker Ryan Bradley says the leasehold interest provides investors with an affordable entry into a high-demand market, with the added advantage of a low-maintenance occupancy arrangement.

“In today’s tighter operating environment, leasehold investments offer a high-yielding alternative with lower upfront costs. The current tenant’s strong local history, combined with the ongoing demand for industrial accommodation in Mount Maunganui, presents a compelling opportunity for investors seeking a secure and stable income stream.

“The property’s central location is accessible to a range of businesses, including a Caltex Diesel Stop and Vehicle Testing New Zealand (VTNZ). It is also within easy reach of the Tauranga City Centre, Tauranga Airport, and the Port of Tauranga – all of which are benefitting from significant capital investment.

“With an attractive rental yield, strategic positioning, and established tenant profile, this leasehold property presents a strong opportunity for investors looking to secure a solid return in one of New Zealand’s most prosperous industrial hubs,” he says.