1 Maunu Road and 2-16 Walton Street, Whangarei Central, Whangarei, Northland Investment - 10-year lease to Turners

Available PropertyFiles:

  • /A. Record of Titles and Interests/
    • 1-Maunu-Road--Avenues-Title-Report (1).pdf
    • 1-Maunu-Road--Avenues-Title-Report (2).pdf
    • 2-Walton-Street--Avenues-Title-Report.pdf
    • NA1014_172_Title.pdf
    • NA1024_216_Title.pdf
    • NA1975_19_Title (2 Walton Street).pdf
    • NA348_166_Title.pdf
    • NA46C_1478_Title (1 Maunu Road).pdf
    • NA789_285_Title.pdf
    • NA824_262_Title.pdf
    • Walton Street 1_C507518_1_Inst (compensation certificate).pdf
    • Walton Street 2_C618176_1_Inst (gazette notice).pdf
  • /B. LIM Reports/
    • Maunu Road 1_LIM.pdf
    • Walton Street 2_LIM.pdf
  • /C. Lease Documentation/
    • Draft Deed of Lease - 1 Maunu Road & 2-16 Walton Street, Whangarei.pdf
  • /D. Other Reports/
    • Property reports.zip
  • /E. Information Memorandum/
    • Maunu Road 1 and Walton Street 2_Information Memorandum.pdf
  • /F. Seismic/
    • 180824 J4810 SC RevA.pdf
    • 180824 J4810 TS RevA.pdf

Property Description

• A premium investment opportunity with a listed tenant
• 10-year lease to Turners Group NZ Limited
• Returning $427,599pa + GST and outgoings
• Fixed annual rent review increases with guarantees in place
• High-profile location on a large land holding split into multiple titles

Bayleys are pleased to exclusively present for sale this premium investment opportunity occupied by Turners Group NZ Limited on a large land holding in Whangarei.

This exceptional offering gives the astute investor a long-term lease for 10 years with fixed annual rental increases and reviews to market. Located centrally in Whangarei’s business district, the land is well-positioned on a high-profile corner site split into several titles.

Turners have occupied the site for seven years, making improvements over this time so that the business runs smoothly and efficiently. Most importantly, the site is profitable and is positioned in a strategic and important location for the group.

Not often do investment opportunities of this calibre come to the open market. It gives the investor growth, security of tenure and future upside in a tightly held location.

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Terms of Supply

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1. Where information is supplied by the agent to customers, the information is information in possession of the Vendor(s) that the Vendor(s) are making available to the customer without endorsement.
2. No representation is made by the agent or the Vendor(s) as to the accuracy, or to the reliability, of any information made available to the customers.
3. The customer will seek such advice and explanation the customer may require from an independent specialist of their choosing.
4. Should the purchaser decide not to obtain their own specialist advice, they are deemed to have satisfied themselves on all aspects of the property and are buying solely in reliance on their own judgement and contrary to the recommendation of the agent.
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Contact Matt Mimmack

Bayleys Real Estate Limited

Licenced under REA 2008

+64 21 229 5878   matt.mimmack@bayleys.co.nz   All Listings

With over eighteen years specialising in selling and leasing North Shore Industrial Real Estate, Matt has been the influential catalyst of a number of large transactions in the area and throughout the country.

Appointed Director of Bayleys Commercial North Shore with management experience, Matt has the knowledge and experience to assist you with your commercial requirements. Priding himself on uncompromised standards Matt has an ability to deliver exceptional results for his clients.

This has carried through to being the North Shores top commercial agent for the last seven years with over 600 million dollars worth of sales concluded to date.

Being an avid sportsman with drive and a will to win, Matt has all the attributes of a successful Agent to achieve the best results for you.

Achievements:
Bayleys Top Achiever Trips 2014 – 2019
Bayleys High Achiever 2024/2025
Bayleys Top 10% 2015
Bayleys Top 5% 2016 - 2022
Bayleys BRE Top Achiever Trip 2017 & 2023
Bayleys North Shore Commercial Top Agent for 2017 - 2024


Contact Nigel Ingham

MACKYS REAL ESTATE LIMITED, BAYLEYS, LICENSED UNDER THE REA ACT 2008

021 562 919   nigel.ingham@bayleys.co.nz   All Listings

Nigel is a proven commercial real estate professional with deep expertise in industrial, office, retail and land transactions. He brings more than two decades of experience to Bayleys in the North.

He started his career in South Auckland’s industrial market in 1998, quickly building a reputation for grit, persistence and results. In 2010, he was recruited to lead Colliers’ industrial business in China, driving the team to become the dominant agency in the market with 57% compound annual growth.

Nigel chose to relocate to Northland in 2021 to raise his family and enjoy a better work–life balance. He combines international experience with sharp local knowledge to advise clients across the region.

His track record spans major land sales, significant commercial and industrial transactions, and high-profile lease deals. His results speak for themselves—consistent performance across New Zealand, China and now Northland.