Long Term Tenant - Surtees Boats

Occupying a prominent 1.7 hectare site on State Highway 30, 2909 serves as the primary manufacturing and distribution hub for Surtees Boats, one of New Zealand’s most iconic and awarded aluminium boat builders.

Established at this location in 2001, the facility represents a rare opportunity to acquire a high performing industrial asset in a strategic rural setting. The investment is underpinned by a net rental income of $175,500 + GST per annum from a 100% lease to Surtees Boats 2005 Limited, with a scheduled market rent review in January 2027 providing a clear mechanism for yield growth.

A defining feature of this offering is the established Land Use Consent for manufacturing within a Rural 1 Zone. This specialised zoning creates a significant barrier to entry for potential competitors, as similar industrial rights are increasingly difficult to obtain. With approximately 8,000m² of additional developable land, the site provides massive untapped potential for future expansion, ensuring the property can scale alongside the business.

The 1.7 hectares level site is well laid out with eight specialized buildings and heavy duty vehicle crossings designed for high volume transport. Direct State Highway access and a well formed yard ensure convenient logistic access to all points of the facility. Positioned near Whakatāne and Kawerau, the site benefits from a strong local workforce, while the rural location optimises operational profitability and long term tenant retention.

Contact Sean for more information.



Features:

• 1.7 hectare freehold site on State Highway 30
  
• 3,619m² of industrial buildings
  
• Net income $175,500 + GST per annum
  
• Market rent review January 2027
  
• Rare manufacturing consent in Rural 1 Zone
  
• Eight industrial buildings on site
  
• Heavy vehicle access and formed yard
  
• Approx. 8,000m² future development land
  
• Close to Whakatāne and Kawerau workforce
  
• Long term tenant - Surtees Boats
  

Price by Negotiation