A new, purpose-built industrial facility in Cambridge is being presented to the market for sale and will appeal to prospective purchasers seeking a passive investment opportunity with a steady rental stream and future growth potential.
90 Hautapu Road, Cambridge has 1,762sq m of floor area on an 8,000sq m freehold site.
This high-quality facility was constructed in 2023 for national tenant Carters Building Supplies Ltd who provide building materials and manufacturing services to clients across New Zealand, with 50 stores nationwide.
They have a nine-year lease in place with four further rights of renewal for six years each, leading to a final expiry in 2056.
Start your property search
The property returns $616,185 per annum in net rental income and there are annual CPI adjustments in place, with a market review in 2028 and on each renewal.
Cambridge is the most populous town in the Waipā District and is home to a tightly held industrial precinct with excellent connectivity to the Waikato Expressway.
Colliers Hamilton Associate Directors David Palmer and Justin Oliver have been exclusively appointed to market the property for sale via deadline private treaty closing at 3pm on Friday 28 March, unless sold prior.
The floor area is comprised of a 413sq m showroom, 299sq m of office space, and a 1,182sq m warehouse.
Two separately partitioned office spaces are located next to the showroom and extend into the warehouse. There is ample storage accommodation and a break room with a 19sq m timber deck.
The spacious warehouse spans 1,182sq m with drive-through space and a dispatch office. It can be accessed via two automatic roller doors as well as internally from both the showroom and office accommodation.
Outside, there is a substantial 6,256sq m concrete yard with parking space and two canopies spanning 208sq m in total.
There is low site coverage at 27 per cent, providing future development potential.
Palmer says the property shapes as a highly appealing offering given the future growth potential of the Waipā District.
"In their 2050 District Growth Strategy review, the Waipā District Council forecasts a population increase of 25,000 by 2050, including a 14,000 person increase in Cambridge," Palmer says.
"The Council has plans in place for staged residential developments between now and 2035, which will position Cambridge and the wider area as a thriving commercial hub."
The property is surrounded by a host of major organisations, including Mainfreight, Glasslines NZ Ltd, Fonterra, and NZ Post.
With seamless connectivity to the Waikato Expressway, the property enjoys drive times of under two hours to both Tauranga and Auckland. Hamilton s CBD is 21km away and it is only 13km to Hamilton Airport.
Oliver says the facility was purpose-built to grow Carters' business operations.
"The strategic positioning of the property speaks to Carters' confidence in the growth potential of the Waipā District where an uplift in development activity will bolster demand for their services," Oliver says.
"The low site coverage suggests there is an opportunity to further maximise the value of the landholding through development down the line."
- Supplied by Colliers
