Positioned in one of Waipapa's most sought-after commercial locations, this outstanding investment opportunity offers everything discerning investors look for, an established long-term tenant, exceptional highway profile, strong rental income, and a strategic position within one of Northland's fastest-growing commercial precincts.
Occupying a large prominent site with outstanding visibility and easy access directly from State Highway 10 off Skippers Lane, the property is leased to the highly respected Kerikeri Colour Centre, a business that has been serving the Bay of Islands and wider Far North community for many years. Their longevity and reputation provide confidence in the strength of this investment.
The current lease provides a secure six-year term with two further rights of renewal, returning $87,537 per annum plus GST and outgoings. A recent independent rental assessment is available and reflects market value, providing investors with confidence that the income is well supported.
The building is 380 sqm more or less and has been designed to suit a successful trade retail operation, incorporating an attractive modern showroom at the front with excellent customer presentation, together with a generous warehouse to the rear. An additional approximately 75sqm mezzanine floor provides valuable extra storage space (not consented), enhancing the functionality of the premises.
The property is zoned for industrial purposes and allows for additional development in the future subject to FNDC bylaws.
Investment Highlights
• High-profile location with exceptional exposure to State Highway 10.
• Established tenant with an excellent reputation within the local community.
• Excellent access, ample customer convenience and strong commercial profile.
Why Invest in Waipapa?
Waipapa continues to establish itself as the commercial heart of the Bay of Islands, servicing the rapidly growing Kerikeri and wider Far North region. Strong population growth, continued residential development, and increasing commercial activity have combined to create sustained demand for quality investment property. Waipapa is home to some of the countries biggest retail chains with Bunnings, Mitre 10, ITM and Plumbing World all with a stone's throw.
Recent commercial sales in the Waipapa market have demonstrated exceptionally strong investor confidence, with quality assets continuing to attract investors.
With secure income, a well-established business, outstanding highway exposure and a strategic location in one of Northland's strongest performing commercial centres, this is an investment opportunity that deserves serious consideration.
Secure your position in one of the Far North's most tightly held commercial markets.
Auction Thursday 10th September 2026 at 12pm (unless sold prior)
