A fully leased retail investment on one of New Zealand’s busiest tourist routes provides investors with an opportunity to secure a long-term income stream amid a more dynamic operating environment for businesses across the Central North Island, Bayleys brokers say.

Karl Cameron and Maurice Heappey of Bayleys are marketing the freehold 5,592sqm (more or less) site at 277 Te Rangitautahanga Road in Tūrangi, for sale by deadline, closing at 3:00 pm on Thursday, 25th September 2025 (will not be sold prior).

The property comprises 1,640 (more or less) of retail space across four established tenancies, supported by 75 onsite car parks and a prominent town centre location adjoining the New World supermarket and Z service station/Burger King complex.

Cameron says that together, these attributes position the site as a key retail hub for residents and the thousands of travellers funnelling through State Highway 1 each day.

“Currently returning $231,000 net per annum plus GST and outgoings, the investment is fully leased to a strong tenancy mix including a variety store, eatery, liquor centre and long-established Turangi Tavern.”

Lease terms provide a blend of income, security, and longevity, underpinned by renewal options extending to 2041.

Cameron adds that the property is further supported by exceptional locational fundamentals. “The site is a strategic stopping point on the country’s key tourist spine.”

“Adjoining national brands such as New World and Z Energy capture the immense traffic flows on the state highway network, while the property’s tenancy mix ensures it serves both the local community and transient visitor market. It is a resilient, needs-based retail asset with broad customer appeal.”

The sale comes as the central Government continues to prioritise investment into New Zealand’s tourism sector, recognising its role as a cornerstone of regional economies.

Bayleys Tūrangi Commercial Sales and Leasing broker Maurice Heappey says visitor numbers to the Central Plateau are forecast to climb as improved road networks and infrastructure projects from both the private and public sectors enhance amenity and commercial activity across the region.

“The Central Plateau has become a year-round destination with Tūrangi benefiting from its location at the southern end of Lake Taupō and proximity to the dual World Heritage Tongariro National Park.

“The town attracts a steady flow of domestic and international visitors, supporting hospitality, retail and service businesses in the township.

“Tourism operators and support businesses have enjoyed remarkable resilience through the last few years’ challenges. The combination of recreation, culture and convenience has created a consistent demand base, bolstered by dynamic activity in nearby Taupō, with positive flow-on effects for the local economy.

“This property combines scale, profile, and stability in one of New Zealand’s busiest regional tourism gateways. It offers investors reliable income and strategic positioning tomorrow, particularly as investor interest in regional retail centres continues to strengthen.”