Taupō
44 Te Heuheu Street, Taupō, Taupō
+29
Standout trophy asset in Taupō CBD
• Prominent two-storey landmark in Taupō's tightly held CBD
• Expansive 1,471sqm building on a 999sqm (more or less) freehold site
• Returning $426,678.40 pa + GST (and outgoings)
• High-profile corner position fronting Te Heuheu Street and Ruapehu Street
• Extensive refurbishment completed in 2022
• Seismic rating of 67% NBS
44 Te Heuheu Street presents a compelling opportunity to secure a fully leased, split-risk investment in the heart of the CBD. The property comprises seven tenancies, including six ground floor tenancies and a first-floor office occupied under a single lease, anchored by a mix of established national brands and strong local operators.
The 2022 refurbishment delivered a comprehensive transformation, including significant exterior recladding, new double-glazed windows to the first floor, upgraded ventilation with CO₂ monitoring, and a full internal relining of the office level - positioning the asset as a modern and highly functional CBD building.
Further enhancing its long-term appeal, a 37.7kW solar system was installed in December 2024 to support the first-floor tenancy, improving energy efficiency and reducing operating costs while aligning with growing ESG (environmental and social governance) expectations.
This standout CBD asset offers investors a rare chance to secure scale, profile, and income in one of New Zealand's most tightly held regional markets.
Request the detailed Information Memorandum to learn more about this strategic corner site commercial investment opportunity.
Gary Harwood
Westerman Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Lisa Christensen
Westerman Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Anchor tenants
A combination of seven national and strong local tenants offer a quality split risk investment
Character building
The building has undergone significant upgrading and modernisation making this one of Taupō’s most attractive CBD properties
Opportunity
A rare opportunity to secure a trophy asset for the long-term investor
Prime frontage
Strategic, high-profile location in the heart of Taupō’s CBD with corner profile on both Te Heuheu Street and Ruapehu Street
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