Buyers eye multi-tenanted industrial investment

A high-profile property is up for sale with diversified rental income from five established tenants in one of Rotorua’s most sought-after industrial hubs.

The site on Marguerita Street sits minutes from the city centre and key arterial routes, in the tightly held Fenton Park precinct. A quintet of tenancies, ranging from approximately 195 to 585 square metres, are fully leased to diverse tenants including building and electrical suppliers, and ambulance service operator the Order of St John.

The leases generate a combined net rental return of $207,899 plus outgoings and GST per annum.

The more than 1,600 square metres of lettable building area, with 18 assigned car parks, is set on three freehold titles with a combined land area of some 2,546 square metres.

Bayleys salesperson Mark Slade says the sale presents an outstanding opportunity to secure a standout industrial investment in the heart of Fenton Park.

“Buyers will recognise this as a strategically positioned asset that combines scale, profile, location and proven income performance.

“With its diversified rental profile from multiple established tenants, it offers investors a compelling blend of stability and long-term investment appeal in one of the city's most in-demand locations for industry,” says Slade.

The property at 67-71 Marguerita Street will go under the hammer at an auction on Tuesday 8 September. The sale is being marketed by Slade, along with Damien Keenan and Brei King, of Bayleys Rotorua.

Keenan says a position in the Industrial 1 zone under Rotorua’s district plan provides for an array of light industrial activities such as food processing, mechanical servicing, farm machinery sales, car sale yards, building depots and lunch bars.

“The breadth of the area’s possibilities and tenant appeal is plain to see in the rich mix of neighbouring occupiers including the likes of engineering and automotive businesses, home improvement and electrical suppliers, trade-based businesses, and agricultural equipment and service providers,” says Keenan.

King says activity in the precinct is further underpinned by a strategic location handy to Rotorua’s main commercial centre and key transport and freight routes.

“The city centre is just a few minutes to the north, while a position just off State Highway 30 supports efficient connections both southbound towards Taupō and Wellington and northbound towards Tauranga and Auckland. This operational convenience, combined with a growing local economy, underpins future demand and value growth in this established industrial location,” says King.

Rotorua’s economy grew by an estimated 1.1 percent per annum in the March 2026 quarter, according to economists at Infometrics. The number of local businesses rose by 1.2 percent in the year to March, while spending in the vital tourism sector rose 8.7 percent, with guest nights up 9.7 percent – more than double the national increase.