Situated on a main arterial road just 600m from the State Highway 1 and Broadlands Road interchange, 237 Tauhara Road is a premium 4,041sqm industrial asset in Taupō’s thriving Tauhara industrial area. Located 200m from the recently developed Curly's Way industrial park (home to ITM, PGG Wrightson, and TradeZone) and adjacent to the BP Energy Centre, the property offers a combination of immediate scale, multi-tenant income, and substantial future development options.
Property Profile
- Total Site Area: 4,041sqm flat site
- Existing Improvements:
- Industrial building: c. 400sqm lettable area
- Sealed yards: c. 900sqm
- Canopy area: c. 65sqm
- Development Potential: Excellent scope for further development with a total site coverage allowance of c. 3,000sqm. Sale includes prepared plans and specifications for a 148sqm building extension on the western side to establish a showroom/retail facility.
Tenancy Schedule & Income:
1. Main Building & Yard: NES Hire Limited (Incoming Anchor)
Specialist hire company with a strong network of branches across the North Island.
- Commencement: 1 September 2026 (Following the expiry of the current Crown lease to His Majesty the King for Tauhara College on 31 August 2026)
- Initial Term: 5 years with further rights of renewal.
- Lease Details: Available on enquiry
2. Eastern Yard: Protrade Group Limited
Occupying c. 1,160sqm of vacant, fenced, flat land to the east of the site.
- Commencement: 26 June 2023
- Term: 3 months' notice by either party (providing immediate operational or development flexibility)
- Lease Details: Available on enquiry
Investment Summary
- Combined Post-September Net Rental: $94,268.57 + GST per annum
- Key Features: Strong location, market and CPI lease adjustments, immediate split-risk cash flow, reputable North Island anchor tenant, and significant unutilized site coverage for developer upside.
Method of Sale: By Negotiation
For further details, to view the building extension plans, or to arrange an inspection, contact the sole agents today:
- Hugh: 021 901 390
- Michael: 027 826 2750
