Tokoroa industrial site hits the market

A substantial landholding offered for sale with industrial improvements and vacant possession in Tokoroa provides developers, investors, and owner-occupiers with a strategic foothold at the centre of New Zealand’s ‘Golden Triangle’ logistics network, Bayleys brokers say.

Bayleys Hamilton’s Duncan Hancock, together with colleague Ryan Bradley, is marketing the 4,239sqm (more or less) freehold property at 1 Croad Place for sale by auction, scheduled at 1:00 pm on Thursday 11th December 2025 (unless sold prior)

Existing improvements totalling 696sqm (more or less) include 578sqm of high-stud warehousing and a 71sqm canopy, supported by an office and amenity block.

Hancock says the warehouse is divided into two functional bays with dual roller doors and canopy cover, providing operational flexibility for a range of uses from manufacturing and storage to logistics and trade operations.

“The balance of the site is predominantly sealed, with dual access gates, full security fencing and room for yard or expansion. The property’s location on the eastern side of State Highway 1 at the northern entrance to Tokoroa ensures ease of access and efficient connectivity to Taupo, Hamilton and the wider Waikato and Bay of Plenty regions.”

He adds that the property is offered to the market at a time when appropriately zoned industrial land is in limited supply.

“Industrial vacancy across the Central North Island is tightening, and demand for well-located sites with immediate functionality continues to strengthen. With vacant possession, this property provides scope for value capture in an improving market - whether through occupation, leasing or redevelopment.”

Situated midway between major manufacturing and processing centres, Tokoroa has emerged as a strategically important industrial hub supported by forestry, food production and logistics activity.

The town’s proximity to major employers, including Japanese multi-national paper and processing firm Oji Fibre Solutions, Kiwi dairy co-operative Fonterra Lichfield, and global food processing operator Olan Food Ingredients, underscores its locational strength, while land acquisition costs are competitively priced compared with regional centres Hamilton and Tauranga.

Bayleys Commercial and Industrial broker Ryan Bradley says South Waikato’s pro-business environment continues to attract national operators seeking scale and affordability.

“The district's central position within the Golden Triangle, coupled with its access to State Highway 1, rail links, and a local workforce, positions Tokoroa as an increasingly logical base for industrial and trade operations.

“Additionally, favourable Commercial zoning allows for a range of uses and provides genuine flexibility for future development.”

The brokers agree that ongoing investment in industrial infrastructure by the South Waikato District Council, along with strong regional GDP growth, continues to drive confidence in the town’s long-term investment fundamentals.

“The council’s ‘Grow South Waikato’ initiative continues to promote development through streamlined consenting, business support, and infrastructure upgrades designed to unlock new opportunities for employment and regional growth,” they say.

“Vacant opportunities of this scale are now rarely available in provincial markets. Croad Place combines size, access and versatility - key attributes that continue to drive performance for both occupiers and investors in today’s marketplace.”