SOLE AGENCY
For Sale via International Expressions of Interest, offers closing 1pm Tuesday, 18 August 2026 (unless sold prior).
Held by Port of Tauranga Limited and offered to the market for the first time in many years, 345 Neilson Street presents a truly rare opportunity to acquire a substantial 6.84-hectare freehold industrial estate in the heart of Auckland’s premier industrial precinct. The property generates a net passing income of $3,974,719 p.a. plus GST and comprises 17,779m² of buildings across three warehouses, a standalone three-level office building, extensive sealed yard areas and hardstand.
The estate is occupied by a diverse mix of established industrial and logistics businesses, including Trade Depot, Qube, Martinus Rail, ACFS Port Logistics and Neilsons Lawyers, providing a strong income stream supported by fixed annual rental growth. A key feature is the significant future upside offered by approximately 1.6 hectares of redevelopment land, including around 6,500m² of currently unutilised land, allowing investors and developers the opportunity to expand, intensify or land-bank within the Business – Heavy Industry Zone.
Strategically positioned immediately adjacent to MetroPort and the KiwiRail Container Terminal, the property benefits from exceptional connectivity to SH1, SH20, Auckland Airport, Ports of Auckland and the CBD. Located within tightly held Penrose, one of New Zealand’s most sought-after industrial locations, the estate offers scale, income, redevelopment potential and long-term growth prospects rarely available in a single holding.
Contact the sole agents today for more information or to arrange access to the comprehensive due diligence material.
Greg Goldfinch +64 21 537 682
Hamish West +64 21 882 737
