A trio of strategically located self-storage facilities in the coastal community of Whangamatā presents a rare opportunity for investors to acquire scalable assets in a resilient and expanding market segment, Bayleys brokers say.

Gordon McGregor of Bayleys Whangamatā is marketing the properties at 111 Lindsay Road, 316 Casement Road and 310 Casement Road for sale individually or together as a combined portfolio by tender, closing at 4:00 pm on Thursday, 26th June 2025 (unless sold prior).

“The offerings represent a unique chance to capitalise on the growing demand for secure storage in one of the North Island’s most sought-after coastal locations, where population growth, holiday home ownership, and recreational lifestyles continue to drive demand for off-site storage solutions,” McGregor says.

“Storage is emerging as a desirable asset class for investors seeking passive income, low operational overheads, and resilience through economic cycles.

“Whether acquired together or separately, these properties benefit from excellent accessible locations in the heart of Whangamatā’s industrial precinct, strong capital valuations, and ongoing demand from a diverse user base.”

Particulars of the assets are as follows;

• 111 Lindsay Road comprises a 1,778sqm (more or less) freehold site zoned Industrial, improved by an 820sqm facility constructed in 1999. It features 31 storage bays plus an on-site dwelling, providing scope for additional utility or supplementary rental income. The property is fully occupied by tenants with monthly lease arrangements returning circa $118,960 net pa plus GST.

• 316 Casement Road comprises a 714sqm (more or less) freehold site zoned Light Industrial, improved by a 446sqm (more or less) facility constructed in 2002. Featuring 19 storage bays, the property benefits from a rectangular configuration with approximately 17m of frontage to a key route in Whangamatā’s established industrial precinct. The property is fully occupied by tenants with monthly lease arrangements returning approximately $76,253 net pa plus GST.

• 310 Casement Road comprises a 367sqm (more or less) facility built across three stages between 1991 and 2001, offering 13 storage bays plus a dedicated boat shelter. Positioned on an 822sqm freehold site zoned Light Industrial, the property benefits from high visibility and proximity to a New World supermarket. The property is fully occupied by tenants with monthly lease arrangements returning approximately $51,332 net pa plus GST.

McGregor says the premises are fit-for-purpose, low-maintenance investments, located in a market where self-storage is highly sought-after by local residents, holiday-homeowners, tradespeople, and recreational users storing classic cars, boats, or seasonal equipment.

“The self-storage sector has proven resilient amid economic volatility, buoyed by macro-trends including urbanisation, downsizing, and increasing mobility. A growing preference for minimalist living and the rise in remote working have also amplified demand for off-site storage, increasing occupancy rates while encouraging new investment.

“Storage is no longer seen as just a secondary asset class. It’s now on the radar of sophisticated investors who recognise its stability and demand profile.

“Opportunities like the subject portfolio, particularly in lifestyle markets, are tightly held. The flexibility to purchase one, two or all three facilities enables buyers to tailor the acquisition to their investment strategy, whether seeking to diversify a portfolio or build scale in a high-performing niche.

“With secure long-term income potential, excellent underlying land value, and tangible growth drivers, this is a rare offering in an affordable price bracket.”