Colliers is proud to present to the market for sale 26 & 27-45 Waitangi Road, offering a premier regional industrial investment with strong lease tenure and substantial future income upside.
The property is leased for a 20-year term to a strong national tenant, Higgins Group Holdings Limited, with the current lease term expiring on 15 October 2040. Tenant is a subsidiary of Fletcher Building Limited which is duel listed on the NZX and ASX.
Strategically located in the heart of Hawke’s Bay, this property is home to the region’s largest asphalt production facility and offers a rare opportunity to secure a high-performing asset with long-term income security.
Set across a substantial 5.706 hectares of freehold industrial land, the site features 4,409sqm of high-spec buildings and infrastructure, plus benefits from extensive capital investment by the tenant.
Set to sell, this core industrial asset is expected to receive good interest from the market. For more details or to arrange a viewing, contact Ash or Angus today.
The property is available For Sale by Deadline closing 3pm on Tuesday 9 December 2025 (unless sold prior).
(Note: All measurements and specifications are approximate).
Features:
* Substantial freehold land area of 5.7060 ha
* Current net income: $830,573 + GST
* Current term expiry: 15 October 2040 (Term certain: 14 years, 11months)
* Market rent review: 16 October 2026 (Review to market but no less than $870,130 + GST)
* Rights of renewal: 2 x 5 years (Final expiry 15 October 2050)
