The resilience of New Zealand’s industrial sector is underscoring the appeal of quality investments, with a portfolio of three modern, income-backed facilities in Tauranga, Nelson and Christchurch being sold individually, offering investors long-term security at a time of shifting portfolio priorities, Bayleys brokers say.

The assets are fully leased to Cubro, a multinational health and disability equipment supplier with a strong national footprint and growing international presence. Together, they generate more than $2 million in net annual income plus GST, underpinned by structured growth and long lease terms that extend in some cases to 2056.

Bayleys National Industrial director Scott Campbell, together with directors Greg Hall, Paul Steele, and local agents Gill Ireland, Simon Maxwell and Nick O’Styke, is marketing the assets individually through auction and deadline processes concluding in late October 2025.

Campbell says the portfolio encapsulates the fundamentals driving demand in the industrial sector. “Each property offers investors fixed rental growth, proven tenant covenant strength, and strategic locations in high-performing regional markets.”

At the heart of the portfolio is 149 Taurikura Drive in Tauranga’s Tauriko Business Estate, which is offered for sale by deadline, closing at 4pm on Wednesday 22nd October 2025 (unless sold prior).

Purpose-built to a premium standard, the 9,413sqm facility sits on a 1.5ha (more or less) freehold corner site and generates $1,459,050 net per annum plus GST.

Campbell says the building combines a substantial high-stud warehouse with an exceptional office and showroom fit-out, supported by large-scale site circulation designed for logistics efficiency.

The long-term lease to Cubro has nearly seven years remaining on its initial term, with renewal rights extending occupation until 2056. Fixed 2.75 percent annual rental increases from 2026 underpin income growth over the life of the lease.

“This asset represents a 'best in class' industrial investment in one of the country’s most dynamic logistics hubs.

“Tauriko’s position within the ‘Golden Triangle’ freight corridor linking Auckland, Hamilton, and Tauranga provides unrivalled connectivity, while proximity to the Port of Tauranga ensures long-term occupier demand. For investors, this is about securing stability in a sector where land and quality facilities are increasingly scarce.”

Complementing the scale of Tauriko is a newly completed facility at 5 Brock Way, Richmond, which is offered for sale by deadline, closing at 4pm on Wednesday 22nd October 2025 (unless sold prior).

The 1,510sqm property sits on a 3,000sqm (more or less) freehold site generating $260,000 net per annum plus GST.

The building, which comprises warehouse, showroom and workshop accommodation, was purpose-designed for the tenant, which commenced its initial lease in March 2025.

Bayleys Nelson’s Gill Ireland says the Richmond property exemplifies the scarcity of prime freehold industrial stock in the Nelson-Tasman region.

“High-quality new builds are seldom available in this market, particularly those with long leases to strong multinational operators. Richmond’s connectivity to State Highway 6 and its status as the region’s premier industrial hub add weight to the long-term value for passive investors.”

The southernmost property is a 2,250sqm facility on a 4,242sqm (more or less) freehold site minutes from Christchurch International Airport at 5 Lakeside Place, Harewood. It is to be sold by auction on Thursday 23rd October 2025 at 12pm (unless sold prior).

The asset returns $353,973 net per annum plus GST, with a lease structure providing fixed annual rental growth and renewal rights to 2044.

“Harewood is among the most tightly held industrial precincts in Canterbury, where proximity to freight infrastructure drives strong occupier demand. Industrial vacancy in Christchurch remains among the lowest in the country, and the airport-adjacent location only strengthens its investment proposition,” says Bayleys Canterbury’s Nick O’Styke.

The brokers note that interest in the trio reflects a broader recalibration of investment strategy across the market.

“Industrial investments have fared well in the face of market volatility, supported by structural tailwinds in logistics, distribution and essential services. Investors continue to prioritise defensive, income-producing assets, where growth is embedded into the lease structure - this portfolio answers that call.”

“Some investors will be attracted to the size and stability of Tauriko, others to the scarcity values of Richmond, or the resilience and premium location of Christchurch. Together, the properties represent a balanced collection of income-backed investments in markets poised for enduring growth.

“With Cubro’s covenant spanning all three facilities, the portfolio offers certainty that few industrial opportunities can match. It provides an investment platform built around modern facilities in premium locations, and a tenant covenant aligned with demographic and economic growth sectors.”

View the listings below:

149 Taurikura Drive, Tauriko

5 Brock Way, Richmond

5 Lakeside Place, Harewood