A high-profile commercial property on Tauranga’s tightly held ‘Golden Mile’ is being brought to market, offering investors long-term income security and a foothold in one of New Zealand’s fastest-growing urban centres.

Bayleys Tauranga broker Rory Brown is marketing the freehold property at 408 Cameron Road for sale by deadline, closing at 4:00 pm on Thursday, 22nd May 2025 (unless sold prior).

The 1,113sqm (more or less) site sits at the corner of Cameron Road and Eighth Avenue – one of the most prominent positions in central Tauranga, with excellent exposure to more than 22,000 passing vehicle movements daily.

Brown says the offering combines strong tenant fundamentals, passive income, and long-term development upside in a city that benefits from sustained population growth, major infrastructure investment, and a resilient economic outlook.

“This strategic investment is underpinned by a new four-year lease to local operator, Smiths Motorcycles. The lease includes two rights of renewal with a final expiry in January 2037.

“The lease structure includes a mix of market reviews and fixed increases of three percent, providing a balance of income stability and growth potential.”

Brown says the property returns a net $105,000 plus GST and outgoings annually, with Smith Motorcycles occupying a spacious showroom and basement workshop totalling 453sqm (more or less) and enjoying the benefit of excellent signage exposure.

The remainder of the site is sealed, offering a 40 percent build-to-site ratio and plentiful on-site car parking and display yard capability.

Zoned Commercial Business under the Tauranga City Plan, the site is strategically located at the heart of one of New Zealand’s most desirable lifestyle destinations.

Tauranga has experienced some of the country’s highest rates of population and employment growth in recent years, driving continued demand for quality commercial assets.

Listing agent Rory Brown says the city’s fundamentals remain compelling for investors seeking long-term value.

“Central government, local council, and private sector investment in infrastructure projects – including the multimillion-dollar Cameron Road upgrades, regional transport improvements, and planned intensification under the Tauranga City Plan – are reshaping the urban core while improving accessibility.

“Add a strong business base, access to port infrastructure, and a growing population, and you have a recipe for sustainable tenant demand and long-term capital growth.

“Buyers with a long-term view will also note the redevelopment potential of the large, freehold site, which benefits from its corner location and excellent zoning provisions.

“This is a textbook ‘land and income’ investment – strong holding income underpinned by a new lease, with long-term development upside in one of New Zealand’s fastest-growing regions,” he says.