A strategically-located, income-producing industrial site midway between Tauranga and Hamilton is on the market, offering buyers several options to create value.
The Sunny Park Storage Facility, on the corner of Te Poi Road and State Highway 29, Te Poi, spans over 13,000sq m of land across two freehold titles, with multiple existing buildings.
CBRE agents Mark Calvert and John Bedford, who are handling the sale by deadline private treaty closing on February 24, said the site’s scale and high-profile location make it an excellent proposition for investors, developers and logistics-related owner occupiers.
“For buyers seeking a strategic Waikato base, this site offers excellent highway profile on a major transport route. The existing tenancies are on periodic leases, opening up the flexibility to either invest or occupy part or all of the site,” said Calvert.
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The site was originally home to the Sunny Park Dairy Co-Op factory and comprises nine buildings developed largely within the former dairy factory structures, providing around 5,200sq m of lettable area.
The largest occupier is the 65-unit Sunny Park Storage Facility, with various other workshop-based users making up around $247,000 in total annual holding income.
The buildings are a mix of warehouses, workshops and offices, with a residential unit also on site.
While some buildings would benefit from capital investment and repositioning to capture rental upside, there is existing high-stud warehouse space that is suitable for ongoing occupation, Bedford said.
“An investor could tighten management of the leases over the better-quality spaces to grow income, while beginning a staged plan of refurbishing the site and re-presenting various upgraded tenancies to the market.
"The ability to pick off different parts of the site for progressive refurbishment while still maintaining an income stream is a key benefit of this offering.”
The flexibility and appeal of the site for both investors and owner-occupiers is a further selling point, Calvert said.
“This is a rare combination of short term cash flow, flexibility and future potential, offering holding income and scope for an owner-occupier to either take the full site or opt for partial occupation and leasing out the remainder.”
The location on the main road between Tauranga and Hamilton also raises the possibility of alternative uses which an investor may want to consider, he added.
This could include a logistics hub or even convenience retail and fast food, given Te Poi’s position as a popular refreshment stop at the base of the Kaimai Ranges.
“Because the leases are short, a buyer can re-shape the site in various different ways.
"The large yard areas are a further benefit, which can accommodate heavy vehicles and container storage. The highway frontage captures large volumes of passing traffic, which could also lend the site to complementary convenience uses,” he said.
Bedford said the location on a key upper North Island freight corridor will catch the interest of the logistics and transport sector.
“For an owner-occupier who needs buildings plus yard, it’s hard to find a more versatile base between Tauranga and Hamilton.”
Te Poi’s central Waikato position underpins the site’s logistics appeal. NZTA counts show around 7,500 vehicles per day on SH29 near Te Poi in 2025.
The Port of Tauranga and Rotorua are both about 45 minutes’ drive time from the site and Hamilton less than an hour, while Auckland is around two hours away.
The site’s history illustrates a diverse range of occupiers which have been located here following the closure of the Sunny Park Dairy Co-op factory.
After the dairy factory closed the site was subdivided and sold off. The two main occupiers were the storage business on the front site and a fertiliser producer on the back titles.
After the site changed hands again in 1995, it was redeveloped including removing old structures and large-scale repairs.
Over the years since, the site has been home to businesses in the engineering, auto electrical, cement, couriers, wool manufacture, stone, chemicals and flooring sectors.
- Supplied by CBRE
