With industrial vacancy rates at a record low and industrial zoned land in high demand across the thriving 'Golden Triangle' region, the release of Lot 1 Kaweroa Drive in Tauranga's Tauriko Business Estate is poised to attract substantial interest from a range of purchasers.
Situated on the prime corner of Matakokiri Drive, the property boasts a 28,762sqm freehold title with the development-ready site benefitting from unique scale and two road frontages, giving it unparalleled visibility and accessibility within the broader estate.
Targeting owner-occupiers seeking an efficient position within the estate, agents say the property presents a unique opportunity to unlock significant value in both their business and asset.
With its flat and regular shape, the site has optimal functionality and access, ensuring ease of vehicle movements.
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Industrial specialist Tom Davison, of Bayleys South Auckland, is marketing the land alongside Auckland colleague Scott Campbell and Simon Maxwell from Bayleys Tauranga.
The property is for sale via a deadline private treaty campaign closing 4pm, Thursday 10 August, unless sold prior.
Davison says with distribution now underway from Fletcher Building’s $400 million Winstone Wallboards plasterboard manufacturing and distribution facility at Tauriko, the industrial precinct continues to attract strong demand from occupiers.
“It’s proven to be a sought-after and efficient location for a broad range of industrial occupiers who can leverage the operational advantages of the Auckland-Hamilton-Tauranga golden triangle fundamentals to grow their businesses.
“Tauriko sits on the doorstep of around 60 percent of the North Island’s population, with the economic triangle representing approximately 52 percent of the country's GDP.
“These dynamics are still driving much of the activity in the Tauranga industrial market and business is cranking.”
The fact that the site for sale is development-ready is a huge advantage for buyers, who would otherwise have to wait for the next stage to be released to secure land with operational scale, he says.
“The industrial zoning allows for a broad range of potential uses from manufacturing to distribution, and given the integrated transport links allowing for ease of vehicle movements, this corner site has optimal credentials – including branding/profile benefits,” says Davison.
Along with Winstone Wallboards, other big industrial players like Penske, Metalcraft Roofing, and Porter Group have cemented a presence at Tauriko and with the Port of Tauranga, the country’s largest port by total cargo tonnes and land area, around 9km away, Davison says it’s no surprise Tauriko Business Estate is Tauranga’s fastest-growing industrial area.
“There’s excellent access to state highways leading to Auckland, Hamilton and Rotorua and the Tauranga CBD is easily accessible.
“Tauriko adjoins the new Tauranga Crossing Shopping Centre, which is the largest shopping centre in the region, and is opposite The Lakes, one of the city’s premier residential subdivisions which is sold out with 2,000 plus sections.
“An additional residential subdivision of over 3,500 sections is planned for Tauriko West to support future growth in the area.”
The subject property is well-positioned for the long term, as the intersection of Matakokiri Drive and Kaweroa Drive will become a pivotal component of the estate’s roading hierarchy, with direct access off SH29 (Kaimai end) in time, as well as access via the SH36 (Pyes Pa) stage two roundabout initially.
- Article supplied by Bayleys
