Iconic corner site in NZ’s top beach precinct

A high-profile, multi-tenanted investment in the heart of Mount Maunganui’s primary commercial strip is being offered to the market, presenting investors with an opportunity to secure income today, with potential to develop tomorrow. It is a genuine landmark site in one of New Zealand’s most popular coastal destinations, Bayleys brokers say.

Bayleys Tauranga’s Rory Brown, together with colleague Mark Walton, is marketing the freehold site at 70 Maunganui Road for sale by deadline, closing at 4pm on Thursday 6th November 2025 (unless sold prior).

Occupying a prominent corner at the intersection of Maunganui Road and Pacific Avenue, the property comprises 609sqm of mixed-use floor space on an 811sqm (more or less) landholding, with 11 onsite car parks.

It returns a net annual income of $295,903 plus GST and outgoings, underpinned by three tenants - the General café, Olive and Fig restaurant, and recruitment specialist X4 Group offices, along with a residential apartment.

Brown says the property has all the hallmarks of an investment that performs in all market conditions.

“It’s a quintessential Mount Maunganui asset - positioned on one of the busiest intersections in town, supported by diversified income streams, and located in a market with exceptional fundamentals. Properties of this profile are incredibly tightly held, particularly as summer approaches and the Mount’s economy enters its busiest trading cycle.”

Tenanted by popular café and restaurant operators, the property benefits from all-day activation and proximity to the beach just 260 metres away.

Bayleys Tauranga’s Mark Walton says the Commercial Business zoning ensures long-term flexibility for redevelopment or future mixed-use intensification. “The property’s position on Maunganui Road provides exceptional profile and accessibility, while recent improvements, including a resealed car park, enhance tenant amenity and operational efficiency.”

He says investors are increasingly targeting locations that combine lifestyle appeal with economic resilience, and Mount Maunganui continues to outperform on both fronts.

“The Mount is one of the country’s highest-performing coastal markets, consistently delivering strong visitor numbers, low vacancy rates, and steady capital growth. Its mix of tourism, hospitality and professional services creates a robust economic base that supports long-term rental performance.

“The demand for quality retail and hospitality space remains high, buoyed by limited land supply and the suburbs’ enduring popularity with both residents and visitors.

“As the local population expands and tourism activity builds, heading into the warmer months, well-located assets in the Mount’s retail core are positioned to benefit from both rising consumer spend and sustained investor confidence.

“With the region’s continued growth trajectory, including substantial local infrastructure investment, and national recognition in Mount Maunganui as a premier coastal lifestyle destination, the subject property represents a secure and strategic foothold in one of the Bay of Plenty’s leading commercial precincts.”