An industrial property in Taupō is being offered to the market for sale and will catch the attention of owner-occupiers and developers looking to acquire an asset with long-term upside.
Located at 237 Tauhara Road, it is nestled within an industrial precinct that is home to many successful businesses, including ITM, PGG Wrightson, and Huka Honda, among others.
The landholding measures 4041sqm and includes an industrial building that has about 400sqm of total lettable area and additional canopy as well as sealed yard space that spans 900sqm. The bulk of the property is leased to the Ministry of Education for Tauhara College. This lease expires in February 2026 but a six-month extension is currently being finalised.
Additionally, there is about 1160sqm of vacant, fenced, flat land to the east of the site that is leased to Protrade Group and cancellable by either party by providing three months’ notice to terminate.
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The property is strategically located 450m from the interchange of State Highway 1 and Broadlands Road, on one of Taupō’s main arterial routes. It is only a few minutes from the heart of Taupō’s CBD, which has a dynamic array of retail stores and hospitality options.
Taupō is well known as an attractive destination for domestic and international travellers because of its scenery, outdoor activities, and reputation for hosting events and conferences.
Hugh Milloy, investment sales broker at Colliers Taupō, has been exclusively appointed to sell the property via negotiation and says there is considerable potential on offer.
“Owner-occupiers have the chance to acquire a premises for their own business operations and they will be able to control their own destiny without being bound to future lease agreements,” Milloy says.
“Conversely, a developer may wish to purchase the asset and intensify the usage of the site through capitalising on the low site coverage. Concept plans have been designed to extend the existing structure at the property, subject to the relevant consents.
“With short-term holding income in place from the existing tenants, the new owner will have the chance to strategically plan their future moves while enjoying the current rental stream.”
Amid challenging economic conditions that are being felt across the country, data from Infometrics points to some indicators that the local economy in Taupō may be set to improve.
In the year to June 2025, there was a 2.1% increase in the number of businesses, well ahead of the national figure of 0.9%. There was also a 1.3% uptick in the registration of commercial vehicles.
Meanwhile, Taupō registered a major jump in the total value of non-residential consents with a 24.5% increase compared to the year earlier. In comparison, the value of consents decreased by 0.9 in New Zealand during the same period.
“This property is located in the sought-after Tauhara industrial hub and offers easy access to surrounding businesses and State Highway 1,” Milloy says.
“I encourage all interested parties to reach out to me to discuss their options.”
Supplied by Colliers
