At less than two years old, a dual-tenanted industrial facility in Tauranga’s premier industrial precinct presents a multi-faceted opportunity for passive investors seeking secure, hands-off income in one of the country’s fastest growing business estates, Bayleys brokers say.

Bayleys Tauranga Commercial and Industrial Sales and Leasing broker Myles Addington is marketing the freehold 1,800sqm (more or less) site at 385 Matakokiri Drive, Tauriko, for sale by auction, scheduled for Wednesday, 10th September 2025 (unless sold prior), alongside colleague Simon Maxwell.

Addington says the approximately 959sqm facility comprises two modern, high-stud warehouse and office tenancies with dedicated showrooms, amenities and twelve on-site carparks.

“Constructed to high specifications, the tenancies feature full-height roller doors, secure yard space, and contemporary design features suited to a broad range of occupiers.

“The asset is fully leased to two established tenants, logistics provider Same Day Couriers, and appliance specialist Rangehood Solutions, generating a combined net annual income of $179,500 plus outgoings and GST.”

Lease terms include market rent reviews and renewal options, providing built-in income stability and long-term flexibility.

“Rangehood Solutions purpose-built the property in 2023 as its regional headquarters and showroom, including the second tenancy to generate passive income. This configuration offers the next owner a modern and fully leased asset that delivers diversified returns, and future rental flexibility.”

Bayleys Commercial and Industrial Sales and Leasing broker Simon Maxwell says the property’s fundamentals make it a compelling option for passive investors fortifying their portfolio credentials.

“Opportunities of this nature in Tauriko are as scarce as the land itself. Investors know quality industrial supply here is in demand,” he says. “This property features excellent investment characteristics: dual tenancies that balance risk, and a near-new build that future-proofs value in one of the country’s most strategic growth corridors.”

The Tauriko Business Estate has rapidly become New Zealand’s most in-demand industrial location, benefitting from strategic positioning within the North Island’s ‘Golden Triangle’ – the high-performance economic corridor linking Auckland, Hamilton, and Tauranga.

The Golden Triangle accounts for more than half of New Zealand’s population and Gross Domestic Product (GDP), with Tauranga’s Port handling around 40 percent of the nation’s exports by volume.

“Industrial property across the region continues to outperform, with occupancy driven by logistics, distribution, and manufacturing requiring proximity to road, rail and port infrastructure.

“Demand for well-located warehouse space has surged on the back of horticultural performance and strong port activity. These fundamentals continue to create a supportive environment for rental growth and long-term investor returns.”

Addington says the combination of dual tenancies, high-quality improvements, and a location within a nationally significant growth corridor positioned the property as a brilliant addition to any diversified portfolio.
“This is low-maintenance, income-generating industrial in one of the country’s most dynamic growth markets – the kind of asset that gives investors confidence to hold for the long-term.”