Positioned within Gisborne's established industrial precinct, 65-75 Innes Street offers investors a true passive investment underpinned by a long-term lease to WM New Zealand, one of the country's largest environmental and waste management operators.
The property is secured by a highly defensive lease structure featuring an initial lease term of 25 years, providing an exceptional level of income certainty seldom available in today's market.
Further enhancing the investment credentials, the lease incorporates annual hard ratcheted rental reviews, ensuring rental growth while protecting against any reduction in income.
As the home of WM New Zealand's Gisborne transfer station and recycling operations, the property performs a critical role within the region's waste management infrastructure. The specialised nature of the improvements, together with the tenant's significant operational investment in the site, creates substantial tenant retention incentives and reinforces the long-term security of the income stream.
Located within the tightly held Awapuni industrial precinct, the property benefits from excellent accessibility, established industrial zoning, and strategic importance to the wider Gisborne region.
Tender (unless sold prior)
4pm, Thursday 6 August 2026
Bayleys, 10 Reads Quay, Gisborne
Boundary lines are indicative only.
