65-75 Innes Street, Awapuni, Gisborne Defensive 25-year infrastructure lease
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Available PropertyFiles:
- Asbestos Reports.zip
- Contamination Report.zip
- Fire Reports.zip
- Information Memorandum.pdf
- Lease Documents.zip
Property Description
Positioned within Gisborne's established industrial precinct, 65-75 Innes Street offers investors a true passive investment underpinned by a long-term lease to WM New Zealand, one of the country's largest environmental and waste management operators.The property is secured by a highly defensive lease structure featuring an initial lease term of 25 years, providing an exceptional level of income certainty seldom available in today's market.
Further enhancing the investment credentials, the lease incorporates annual hard ratcheted rental reviews, ensuring rental growth while protecting against any reduction in income.
As the home of WM New Zealand's Gisborne transfer station and recycling operations, the property performs a critical role within the region's waste management infrastructure. The specialised nature of the improvements, together with the tenant's significant operational investment in the site, creates substantial tenant retention incentives and reinforces the long-term security of the income stream.
Located within the tightly held Awapuni industrial precinct, the property benefits from excellent accessibility, established industrial zoning, and strategic importance to the wider Gisborne region.
Tender (unless sold prior)
4pm, Thursday 6 August 2026
Bayleys, 10 Reads Quay, Gisborne
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Contact Sunil Bhana
Bayleys Real Estate Limited South Auckland
Licensed Under the REA Act 2008
09 332 445 021 938 660 sunil.bhana@bayleys.co.nz All Listings
Sunil has been with Bayleys for over 20 years and his personable approach and hard working attitude has led to the conclusion of a significant number of transactions over the years, in both buoyant and difficult markets.
Sunil manages and leads Bayleys South Auckland, a high-performing and experienced Commercial and Industrial team of over 26 people who work together to ensure the best client outcomes are achieved. He also transacts in commercial, industrial, capital markets and special projects across the country, utilising Bayleys’ national network and collaborating with agents on the ground.
Sunil is motivated, results oriented, and provides a professional approach to property marketing, possessing the attention to detail essential to the smooth running of a campaign.
Consistently featured amongst Bayleys’ top performing agents and regularly positioned in the top 10% of Bayleys salespeople nationally, Sunil’s contribution and commitment to the company is also acknowledged through his multitude of awards, including the Bayleys Way Award which recognises impeccable client service and staff determination to be the best at what they do.
