A recently redeveloped and multi-tenanted commercial property in the heart of Tauranga’s transforming central business district presents investors with a rare chance to secure a high-performing asset in one of New Zealand’s fastest-growing urban centres, Bayleys brokers say.

Bayleys Commercial sales specialists Brendon and Lynn Bradley are marketing the 157sqm (more or less) freehold site at 136 Willow Street for sale by auction, scheduled at 1:00 pm on Wednesday, 24th September 2025 (unless sold prior).

Brendon Bradley says the striking two-storey building maximises every square metre of its compact footprint, with 260sqm of A-grade lettable floor space.

“Completed in 2019, the premises combine modern architectural details with an aesthetic design and durable materials, including black aluminium joinery, sustainable Innowood cladding, and polished concrete finishes.”

The ground floor is fully leased to three boutique retailers, while the first floor houses two contemporary office suites with elevated views across Willow Street and Red Square.

Current tenants include a hair salon, an electronic device repair shop, an Italian clothing retailer, and a planning and design consultancy. Together, they return an annual net rental of $112,013 plus GST and outgoings, with some rental growth built in.

Brendon Bradley says the property’s strong fundamentals underpin its appeal as a passive, long-term hold.

“This is a proven, income-generating investment with the benefit of split-risk tenancies on various lease terms and a profile that exceeds its footprint,” he says.

“The building’s modern construction and prime corner location provide confidence in ongoing tenant demand, while the surrounding CBD is undergoing a once-in-a-generation transformation.”

Significant infrastructural upgrades to Tauranga’s CBD include roading improvements and pedestrianised spaces, landscaping, and a pipeline of major commercial projects aimed at drawing businesses and foot traffic into the city centre.

Recent additions include Tauranga City Council’s new headquarters and the landmark Elizabeth Towers development, which integrates premium retail, residential, and hospitality at the city’s gateway.

Bayleys commercial, office and retail sales specialist Lynn Bradley says investors continue to look closely at Tauranga as both a growth story and a lifestyle hub.

“With constrained CBD land supply, quality freehold assets such as 136 Willow Street are tightly held and seldom reach the market, providing a premium opportunity in a city experiencing dynamic change.

“The property is zoned City Centre, providing long-term flexibility, with 20m of high-profile frontage to a key retail strip on Willow Street that is adjacent to Red Square.

“Its six-year-old construction provides the additional benefit of a new-build seismic rating, minimising future capital expenditure requirements.”

Tauranga is New Zealand’s fifth-largest urban area, with a population forecast to grow by 25 percent by 2030. The city anchors Bay of Plenty’s economy – one of the country’s most consistently high-performing regions – supported by logistics, horticulture, tourism, and trade centred around the Port of Tauranga and its role in the Golden Triangle economic growth zone between Auckland, Hamilton, and Tauranga.

“This is an ideal acquisition for investors seeking dependable income, a foothold in a growth location, and an asset that combines architectural appeal with strong tenant amenity,” Lynn Bradley says.