A landmark industrial property in Tauranga, underpinned by a long-term lease to one of New Zealand’s most established trade suppliers, presents investors with a secure and scalable opportunity in the country’s fastest-growing economic region, Bayleys brokers say.

Bayleys Capital Markets director Sunil Bhana, together with colleagues Brendon Bradley, Mike Houlker, and Ryan Bradley, is marketing the 1.245ha (more or less) site at 14 Birch Avenue, for sale by deadline, closing at 4:00 pm on Thursday, 30th October 2025 (unless sold prior).

The property occupies a strategic corner site with triple street frontage at the intersection with Waihi Road, sustaining a substantial trade and retail centre with warehousing, offices, and showroom facilities across three buildings. It is supported by 7,500sqm (more or less) of concrete yard and on-site car parking.

The asset is fully leased to Carters Building Supplies - a nationally recognised operator with 150 years of trading history and more than 50 branches across New Zealand.

The lease, recently extended to April 2034 with further renewal options through 2046, returns $665,696 net per annum, plus GST and outgoings, with a fixed annual rental growth rate of two percent.

Bhana says the property represents a ‘return to fundamentals’ opportunity for investors prioritising long-term income security, strong tenant covenants, and locations with enduring strategic relevance.

“Industrial investors have sharpened their focus on secure assets with brand-name tenants, particularly where scale, functionality, and underlying land value converge.

“Carters is a major player in New Zealand’s construction supply chain, and their presence at Birch Avenue is reflective of the site’s value to the wider Bay of Plenty trade ecosystem. For investors, the location, combined with covenant strength and lease longevity, makes this a genuine trophy holding.”

Benefitting from a prime position in Judea’s established industrial precinct, just minutes from the Port of Tauranga, State Highway 2, and the city centre, the location is a core logistics and trade hub, home to a concentration of nationally significant operators servicing the Bay of Plenty and ‘Golden Triangle’ economies.

Bayleys Commercial and Industrial senior broker Brendon Bradley says Tauranga’s projected population growth of more than eight percent over just the next three years, coupled with sustained infrastructure investment and unrelenting industrial demand, is driving tighter supply across the precinct and reinforcing the case for investment in well-located landholdings.

The offering comes as the market has shifted focus towards low-volatility assets, supported by an improving macroeconomic outlook.

“Industrial property across the ‘Golden Triangle’ hotzone of Auckland, Hamilton, and Tauranga, remains the country’s most sought-after, benefitting from its role as New Zealand’s import-export and distribution powerhouse.

“Nationally recognised brands present in this growth location continue to attract strong capital flows. For many investors, this asset type aligns with the twin goals of income stability and long-term land value appreciation.”

Anchored by its substantial landholding, a secure, long-term lease to a leading national tenant, and annual income growth locked in, Bayleys brokers say the Birch Avenue property stands out in the current market and is poised to resonate with investors seeking secure, strategic, and future-proofed portfolio holdings.