Huntly holding builds on strong foundations

An established industrial asset with room to grow, backed by a long lease to a nationally recognised construction systems company, is being offered to investors seeking scale and certainty within New Zealand’s most dynamic logistics corridor, Bayleys brokers say.

Bayleys Hamilton’s Commercial and Industrial sales team, Luke and Alex ten Hove, are marketing the freehold property at 15 Tregoweth Lane in Huntly for sale by deadline, closing at 4pm on Thursday 30th October 2025 (unless sold prior).

Luke ten Hove says the asset comprises 6,095sqm of industrial land and 1,800sqm (more or less) of building improvements, presenting investors with a dual advantage: reliable income underpinned by a long lease, alongside the ability to expand the existing warehouse facilities to capture future demand.

The property is fully leased to Metra Systems, a national operator specialising in prefabricated wall, floor, and ceiling panels for the construction sector.

Metra Systems has operated from the Huntly site since its construction in 2009, recently expanding with the addition of a 500sqm paint facility. The company’s lease now extends to June 2029 with renewal rights to 2032 and annual CPI reviews providing built-in rental growth.

The property currently returns $184,748 net per annum plus GST and outgoings.

“The tenant is an established supplier to the construction industry, with its products used in more than 9,000 projects nationwide. Its operations are backed by 25 years of industry use and a strong ownership structure following a strategic acquisition by an experienced investment group in 2023. For investors, that represents covenant strength in a growth industry,” says Luke ten Hove.

While existing improvements include modern offices, production facilities with overhead gantry cranes, and a large, metalled yard, the site provides additional scope for further development.

“This optionality gives investors the ability to future-proof their holding, whether through expanding the warehouse footprint or leveraging yard space for additional industrial uses.”

Situated midway between Hamilton and Auckland, Huntly occupies a pivotal position within the Golden Triangle - the country’s most productive economic zone. The corridor accounts for more than half of New Zealand’s GDP, driven by rapid population growth, supply chain investment, and key infrastructure upgrades.

Alex ten Hove says that this strategic position has supported Huntly’s manufacturing economy. “Significant private and public investment, including residential developments and industrial projects, continues to bolster the town’s role as a cost-effective alternative to land-constrained metropolitan centres.”

“Investors recognise the advantages of securing a foothold in the Golden Triangle, where freight, housing and industrial activity are only projected to increase.”

Alex adds that investor appetite for regional industrial stock has strengthened as yield compression in main centres drives capital into growth corridors.

“Buyers are seeking low-volatility, income-producing assets that also provide options to add value. This property offers both - a secure, long-term income stream from a proven occupier and the physical scale to unlock further value as the Golden Triangle economy continues to expand.”