New Masterton industrial asset hits the market

Masterton’s newest industrial property has been placed on the market for sale, giving investors the opportunity to secure a future-proofed asset with a long lease to an established regional operator.

Purpose built for Loader Construction Engineering & Crane Hire Ltd, a respected Wairarapa business established in 1998, the building at 5 Te Ara Pūrātā, Solway has just been completed.

Located on a substantial 4,254sqm freehold site in an emerging industrial hub off the southern end of Ngaumutawa Road, the high quality 1,400sqm industrial facility includes a 1,200sqm warehouse, 200sqm office, 2,000sqm secure concrete yard, and dedicated customer and staff parking.

The facility has been designed for durability, efficiency, and operational flexibility and has a 100 percent NBS seismic rating. The warehouse has an eight-metre apex and measures 6.81 metres at the knee. The reinforced concrete flooring has a five tonne loading capacity, there are multiple roller doors enabling efficient vehicle flow, and there’s a dedicated service pit for mechanical and transport related operations.

Constructed with precast concrete panels, structural steel framing, and low maintenance Colorsteel cladding, the property boasts modern office amenities, extensive glazing, air conditioning, and data cabling. The secure 2,000sqm concrete yard is fully fenced with gated access.

The tenant Loader Construction Engineering & Crane Hire Ltd delivers commercial, industrial and infrastructure projects across the region, with diversified services spanning steel fabrication, crane hire and specialist equipment manufacturing, supported by Category 3 accreditation and strong sector relationships.

The firm’s nine year lease, commencing June 2026, provides an immediate net annual income of $280,000 plus GST, with four additional five year renewals offering a potential 29 year total lease term. A full-net lease structure ensures a genuinely passive investment, with the tenant responsible for all outgoings excluding structural items. The lease also contains annual CPI rent adjustments and market reviews in 2030 and at each renewal, underpinning long term rental growth and capital appreciation.

The property is for sale through Luke Kershaw, Bayleys Wellington Commercial and colleague Olly Gollins, Bayleys Wairarapa, with tenders closing Wednesday 24th June.

Kershaw expects strong enquiry from city-based investors, and, with private rural capital now one of the country’s most active buyer groups, he anticipates interest from farmers looking to diversify into commercial and industrial property.

“Off the back of the recent Fonterra-Lactalis deal payout, rising rural confidence, and stronger agri-sector liquidity many farmers are seeking stable, retirement focused returns, income diversification, and long term succession planning opportunities.

“Commercial and industrial property’s appeal lies in its visibility, reliability, and structured income profile with typically long leases, built-in CPI or market linked increases, and net lease structures providing predictable cashflow and insulation from volatility.”

The expanding Solway industrial precinct is creating compelling commercial property opportunities for Masterton, reinforcing its position as the rural capital of the Wairarapa, says local broker Gollins.

“Population growth, industrial expansion, and the constrained supply of modern premises all contribute to a favourable long term investment outlook.

“New-build stock is highly sought after, and this Te Ara Pūrātā property’s combination of scale, specification, and functionality positions the property as one of the wider region’s most contemporary industrial offerings.

“Major operators including Carters, Placemakers, Hunting & Fishing, and Harvey Norman have already established a presence in the Solway precinct, cementing the area’s role as a key trade and service hub for the Wairarapa,” he says.

Solway has direct access to State Highway 2, efficient links to Wellington, Palmerston North, and Hawke’s Bay, and Masterton’s railway station is just minutes away. Recent roading upgrades and reliable three phase power supply further support industrial growth.