One of the most high-profile sites in the rapidly developing area of Drury South in Auckland is being offered to the market for sale and will appeal to investors, developers and owner-occupiers.
Lot 111 Drury South, in Drury, spans 25,417sq m and is zoned business-light industry zone under the Auckland Unitary Plan.
Boasting three road frontages with more than 450m of total street exposure across Quarry Road, Maketu Road and Ross Stevenson Road, this is a prominent site with extensive visibility, making it one of the most sought-after development opportunities in the area.
The location of this freehold property is a major drawcard given Maketu Road is expected to serve as a main arterial route when Drury South is fully developed.
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Running along the eastern boundary of State Highway 1, two highway interchanges provide immediate access to Drury South, ensuring occupants are about 30 minutes from Auckland city, 30 minutes from Auckland Airport, about an hour from Hamilton, and just over two hours from Tauranga.
Sitting opposite the commercial centre, Lot 111 lends itself to numerous uses. The business-light industry zone anticipates industrial activities that do not generate objectionable odour, dust, or noise. This includes light manufacturing, production, logistics, storage, transport, and distribution activities.
A title is expected to be issued within the next two months.
Colliers directors Paul Higgins and Greg Goldfinch have been exclusively appointed to market the site for sale via deadline private treaty closing at 4pm, June 13, unless sold prior.
Higgins, director of industrial at Colliers, says the flexible zoning and prominent location of the site means there will be considerable interest among a range of buyers.
“Developers can undertake a major project at this site and there would be no shortage of prospective tenants when considering the lack of industrial floorspace that is available across the wider Auckland region,” Higgins says.
“The latest research from Colliers points to an overall vacancy rate of only 1.75 percent for industrial property and this figure remains low due to undersupply in the market.
“Alternatively, owner-occupiers may view this site as the one that is perfect for their future where they can develop their own property and not be bound to any lease agreements.”
The wider Drury area is attracting strong interest among high-profile firms with Fulton Hogan and Kiwi Property set to complete major developments. Cardinal Logistics are operating New Zealand’s first fully automated distribution centre across the road from the subject site, while Plumbing World are also in the area.
Fisher & Paykel Healthcare have secured a large-scale site on the other side of the motorway, indicating their commitment to this new precinct.
Transport connections will continue to improve with a railway station due to open in Drury next year. This strategic location within the coveted ‘Golden Triangle’ of Auckland, Hamilton, and Tauranga means businesses operating from here can access key transport infrastructure, including airports, seaports, and inland ports.
Goldfinch, national director of industrial at Colliers, says the continued development of Drury through roading and water infrastructure means it is well positioned to capitalise on the growing commercial and industrial interest in the area.
“There will be upwards of $2 billion invested into Drury during the next 10 years as people and industry populate the area,” Goldfinch says.
“We encourage all interested parties to reach out to us to explore their options around securing this prominent site.”
- Supplied by Colliers
