12-14 Lockhart Place, Mount Wellington, Auckland 1060, New Zealand

• Leased to the New Zealand Government, one of the country's largest government departments, in occupation since 2017
• NZ$1,651,884 pa net plus GST, with annual CPI reviews and three-yearly market reviews
• 14,495sqm of freehold land in Auckland's tightly held Mt Wellington precinct, about 12km from the CBD
• Approximately 7,340sqm of warehouse-led accommodation, with a 1,550sqm yard, an attached canopy and 51 car parks
• New Zealand has no stamp duty, no annual land tax and no comprehensive capital gains tax (purchasers should take their own advice)

A rare opportunity to acquire a substantial, government-leased industrial investment in Auckland, New Zealand's largest city and industrial market.

The property is leased to the New Zealand Government, one of its largest departments, which has occupied the site since 2017. Net income of NZ$1,651,884 per annum (approx. A$1.33m at 1.24 FX conversion) is reviewed annually to CPI, with market reviews every three years.

The site comprises 1.45 hectares of freehold land in Mt Wellington, about 12km from the Auckland CBD. It sits on a quiet cul-de-sac with secure dual access, drive-around circulation, a yard, a canopy and 51 car parks. Approximately 7,340sqm of warehouse-led accommodation suits a broad range of industrial users. Large freehold sites in this established precinct are tightly held and rarely reach the market.

For Australian investors, the NZD presents a unique buying proposition (currently AUD/NZD circa 1.24, up roughly 18% in five years). New Zealand also has no stamp duty and no comprehensive capital gains tax. Purchasers should take their own advice.

For sale by Deadline Private Treaty closing 4:00pm Thursday 3 December 2026 NZDT (2:00pm AEDT).