Bayleys’ latest Total Property auction results highlight broad-based activity across regional markets. Childcare, retail and blue-chip tenanted properties in Waikato and Bay of Plenty suggest confidence in income security, while lower North Island interest is centred around strategic geographic positioning and longer-term upside.

NORTHLAND

9 Kepa Road, Ruakaka, Whangārei: A 630sqm site in Ruakaka’s Light Industrial precinct has sold with vacant possession for $540,000. The 309sqm building offers a practical mix of workshop, offices and mezzanine storage, with a concrete yard and covered canopy. With a forecast net rental of $38,125 pa, the property presents a potential net yield of 7.06%. (Daniel Sloper, Bayleys Commercial in the North)

WAIKATO/BAY OF PLENTY

304-306 Pollen Street, Thames: A 436sqm showroom and warehouse on a 508sqm site with rear-lane access, along Thames’ main street has sold for $900,000, representing a 6.17% yield. The property is leased to blue-chip national tenant BNT Automotive, a leading parts distributor that has occupied the site for more than 20 years. The current six year lease extends to 2029 plus 1x3yrRoR. (Geoff Graham, Bayleys Thames)

2 Boeing Place, Mount Maunganui: A 1,004sqm multi-tenanted industrial complex at the centre of Mount Maunganui has sold for $2,875,000, reflecting a 5.92% yield. Situated on a 1,500sqm corner site with Aviation Avenue, the property comprises four tenancy areas combining warehouse and office space, fully leased to three tenants with varying lease arrangements. The freehold complex benefits from dual access and generous on-site car parking. (Myles Addington, Bayleys Tauranga)

9 Halcione Close, Flagstaff, Hamilton: A 172sqm premises repurposed for childcare on an 846sqm site has sold for $1,475,000, representing a 5.32% yield. Leased to an established operator on a 15 year term with renewal options, the property occupies a corner position in a quiet, tree-lined cul-de-sac, with additional parking available on adjoining council land. (Josh Smith, Bayleys Hamilton)

1 Hillcrest Street, Tirau: A prominent 1,543sqm corner site with profile to State Highway 1 and the southern gateway to Tirau has sold for $1,100,000, reflecting a 6.93% yield. The 680sqm commercial building is fully leased to a single tenant, while its adaptable layout provides scope to accommodate multiple occupiers in future, supporting potential rental growth. (Josh Smith, Willem Brown, Bayleys Hamilton)

LOWER NORTH ISLAND

Unit 7, 25 Centennial Highway, Ngauranga, Wellington: A 290sqm industrial unit strategically located at the base of the Ngauranga Gorge with immediate access to State Highways 1 and 2, has sold for $1,290,000. The versatile warehouse and office configuration is occupied by a vacating industrial equipment supplier. (Fraser Press, Liam Sherlock, Bayleys Wellington)