A substantial warehouse in the Omahu industrial area in Hastings is available for lease offering prospective tenants the opportunity to secure a sizeable amount of floorspace for their business operations.
The functional 5,900sq m warehouse is located at 59 Kirkwood Road, Flaxmere and is designed with 1,015sq m canopies on each side providing a total floor area of 7,930sq m.
With a stud height of 8.5m at the knee and drive-through access from Omahu Road leading to Kirkwood Road, this property also benefits from being in an area that is populated by well-known local businesses such as Move Logistics, Hawk Group, Bostock, Kiwi Crunch, and Opal.
Given the warehouse is available with vacant possession, potential tenants can move in quickly.
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There is the possibility to divide the space into two separate 3,965sq m tenancies for added flexibility. The property is zoned General Industrial Zone under the Hastings District Plan.
The warehouse is five minutes from State Highway 2, providing connectivity across the wider Hawke's Bay region and the Hawke's Bay Airport can be reached in approximately 25 minutes.
Colliers Hawke's Bay Director Danny Blair has been exclusively appointed to lease the property via negotiation.
Blair says given this highly accessible property could be split into two tenancies there are a range of options for tenants to examine.
"With vacant possession, new tenants can rapidly establish their operations and begin trading quickly," Blair says.
"This warehouse is strategically positioned to become part of a new industrial park that will measure approximately 26ha and the presence of high-profile local businesses in the surrounding precinct shows this is a sought-after location that will continue to go from strength to strength."
The Hastings District is a key cog in the Hawke's Bay economy, which is underpinned by its strong horticultural sector.
Data from Infometrics notes economic growth in the Hastings District averaged 3.2 per cent per annum over the 10 years to 2023 compared with an average of 3 per cent per annum in New Zealand.
In 2023, the GDP of the Hastings District was up 2.1 per cent from the year prior. The transport, postal, and warehousing sector experienced the third-largest level of absolute growth from 2022 to 2023, suggesting there is continued demand for properties such as the one on offer at Kirkwood Road.
Hawke's Bay is continuing to rebuild following the devastation caused by Cyclone Gabrielle in early 2023, which had a considerable impact on Hastings.
Blair says this expansive dry storage development offers an exceptional opportunity for businesses seeking a superior warehouse solution.
"Warehouses with a footprint of this size are seldom available in Hastings."
- Supplied by Colliers
