Two titles in Tauranga’s industrial heartland

Two neighbouring industrial properties with established tenants and diversified incomes are being offered for sale in one of Tauranga’s most strategic business hubs, providing investors with secure returns and future growth potential, Bayleys brokers say.

Bayleys Tauranga’s Myles Addington is marketing the properties at 90 and 90B Maleme Street in the Greerton Industrial Estate for sale by auction, scheduled for 1pm on Wednesday 10th December 2025 (unless sold prior).

Together, the properties span two freehold sites totalling 2,385sqm (more or less) improved by approximately 1,223sqm of high-quality industrial accommodation across two adjoining buildings.

Addington says both properties are reliable assets, positioned for logistical ease – backing directly onto State Highway 29, with excellent links to the Tauriko Business Estate, Hamilton and the wider Golden Triangle economic area.

The road-facing premises at 90 Maleme Street are leased to ‘Specialized Construction Products’, a leading supplier of cladding and plaster systems for the building industry and a subsidiary of ‘DuluxGroup’. The lease, expiring in March 2028, provides a net annual return of $87,902 plus GST and outgoings.

At the rear, 90D Maleme Street is leased to a national construction supplier, providing a net annual return of $72,600 plus GST and outgoings. The tenant has exercised its final renewal term, with a market rent review scheduled for October 2026 and a final lease expiry in September 2028.

Together, the tenancies generate a combined net income of circa $160,302 pa plus GST and outgoings.

Addington says this dual-tenancy configuration offers an attractive blend of scale and stability in a market where industrial land and functional premises remain in short supply.

“This is a dependable industrial investment underpinned by established occupiers in a growth-focused location. The dual-title configuration enhances both security and flexibility – delivering split-risk income while retaining the option to add value, occupy or reposition the assets in the years ahead.”

Constructed in the late 90s, improvements feature a mixture of long-run iron and tilt-slab construction with several roller doors, offices over two levels, and a balanced warehouse-to-office ratio suited to a broad range of occupiers.

“A high-quality showroom and client reception differentiate the front unit, while the rear benefits from an additional roller door and functional layout with staff amenities and storage,” Addington says.

“Underlying zoning and proximity to Tauranga’s western growth corridor add further weight to the investment case.

“Industrial assets in this part of the city are consistently attracting high-calibre occupiers and achieving strong rental performance. With the continued expansion of the Tauriko Business Estate and tight vacancy across Tauranga, this precinct has cemented itself as a core industrial hub.”

Located in the Bay of Plenty’s economic heartland, the properties benefit from their position within New Zealand’s ‘Golden Triangle’ – the trade corridor linking Auckland, Hamilton, and Tauranga – which accounts for more than half of the nation’s GDP and container volumes.

“This is New Zealand’s most productive region, underpinned by the largest port (by export volume) and sustained infrastructure investment. Well-tenanted industrial investments in this area offer both income resilience and compounding value as the city expands westward.

“With quality tenants, freehold titles, and excellent connectivity appealing to a broad range of occupiers, the Maleme Street properties stand as a strong, income-producing cornerstone in Tauranga’s most resilient industrial corridor.”