A 3980sq m block of bare land in Napier's Onekawa industrial precinct is set to go under the hammer early next month.
The site is surrounded by some of the city's major business names, says Mark Evans of Bayleys Hawke’s Bay who, with colleague Kerry Geange, is marketing 9 Turner Place, Onekawa, for sale by auction commencing 2pm on Thursday July 4.
Featured in Bayleys’ latest Total Property portfolio magazine, the freehold land at Onekawa, has a Napier City Council rating valuation of $740,000.
It has dual frontage onto a no-exit road, giving drive -through options for businesses using B-train vehicles.
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Logistically, the greenfield site connects to Prebensen Dr and the SH2 expressway linking Napier Port and the airport as well as providing easy access to the CBD.
Onekawa is Napier’s main industrial area and is about 4km south-west of the city centre, between the western side of Taradale Rd and SH2.
“The area is well established with a mix of small to medium sized industrial businesses ranging through to service and commercial activities,” Evans says.
“The bare land provides an opportunity for a developer to subdivide, an owner-occupier to design and build premises, or a land-banker to have the long-term benefit of controlling the site for key port clients, such as logging and container companies, or warehousing and third party logistics firms needing to expand.
Evans says the industrial property is “the darling” of the commercial property sector.
Industrial property is now the most sought-after sector for developers and investors in New Zealand, Australia, Asia, and parts of Europe, he says.
“And Hawke's Bay has a limited number of medium to large industrial sites available.
“Napier has even fewer industrial land options to meet business expansion growth as a result of the strong Hawkes Bay economy.”
However, Napier City Council and Hastings District Council have work underway on a region-wide plan for establishing industrial precincts.
The report is due in about two months, says Dean Prebble, Napier City Council’s economic development manager.
Some of it will be about attracting clean industries to the region's industrial precincts, particularly areas like Onekawa, which are near Pandora Pond and Ahuriri Estuary - areas that suffer from water quality issues.
“Napier is under pressure to provide solutions for the continuing wall of wood coming into the port. Log scalers and associated industries are being squeezed to find logistical answers to meet the port's ever-increasing freight volumes as the region's economy strengthens,” Evans says.
“Surrounded by Halls Transport, Printstock Products and Goodtime Pie company, the Turner Place block is one of few remaining large industrial sites in Napier. A large warehouse, a smaller building and big yard, or a clean industry factory could be erected on the property,” he says.
“The comparative cost of acquiring a site that is fully developed makes this an attractive proposition. For companies wanting to relocate their business to Hawke's Bay there are daily flights to Auckland, Christchurch and Wellington, making it an enviable headquarters for large industrial operators.”
Napier's main Industrial zone allows for a wide range of land uses in the Onekawa, Awatoto, and Pandora precincts. Each of the areas have a range of both industrial and commercial activity. Onekawa has a significant retailing component in addition to the diverse manufacturing and light service industries.
Hawke's Bay's economy is underpinned by a robust primary sector. The Ministry of Primary Industries (MPI) predicts continued strong growth in the pip fruit, wine and forestry sectors, the main exports from Hawke's Bay.
Evans says Napier Port is consequently experiencing exponential growth in export volumes and this has been accelerated by capturing substantial business that once exported through the Port of Wellington.
