The owners of Auckland farming business TA Reynolds are selling components of their portfolio in Pukekohe and Tuakau.
There is a total of 216.35ha (more or less) of land for sale across the portfolio, comprising nine multi-titled lots – much of which has been rezoned for potential industrial and residential future development.
Bayleys agents Duncan Ross, Shane Snijder and Ben Jameson are marketing the properties for sale by tender, closing 4pm, July 3. The properties are available as separate lots, or as a whole portfolio.
Ross says the mixed-use portfolio offers significant scale in one of New Zealand’s fastest growing regions.
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He says the lots include prime, high-yielding horticultural land and will appeal to existing local producers seeking to expand their operations, but there are also plots in areas earmarked for current and future industrial and residential development.
“With holding income in place on some of these rezoned blocks, it provides unrivalled investment opportunity in a district which is important to the Auckland-Waikato growth trajectory," Ross says.
“Post Covid-19, we expect to see greater demand for homes in outer-lying areas as people seek a more balanced lifestyle with flexibility to commute, while the industrial components offer up exciting possibilities given proximity to main arterials.”
Ross says there are several blocks with current or potential future industrial usage that will resonate with developers keen to leverage off a widespread shortage of such land.
“Within the Golden Triangle comprising Auckland-Hamilton-Tauranga, there is still an undersupply of good industrial land that supports growth in the agri-sector and this portfolio offers tangible opportunity for developers.”
At Bollard Road, Tuakau, there are 9.42ha of prime industrial-zoned land with services in place, currently used for cropping, with holding income available.
Just southeast of this, at the intersection of Bollard and Whangarata Roads, is 31.57ha of industrial-zoned flat land with excellent holding income from a fully-producing kiwifruit orchard that is positioned for a future industrial business park.
In addition to these already industrial-zoned lots, is 23.27ha in Harrisville Road, Tuakau, currently zoned Rural, but a contender for land-banking with a long-term view to creating a transport hub or conversion to a glasshouse-based growing operation.
Residential developers will be noting the success of other subdivisions in the broader area and recognising the inherent scope that the TA Reynolds portfolio includes for residential development.
Snijder says population growth in the broader Auckland region has resulted in a tangible appreciation of land assets in the Franklin district.
“There has been significant rezoning of land towards more intensive activities with Pukekohe identified by Auckland Council as a priority growth satellite town and now acknowledged as one of the country’s fastest-growing towns,” he says.
“There is unprecedented infrastructural investment happening to the south of Auckland, and some huge industrial, retail and residential development projects near-completion or well-underway.
“The residential and future urban-zoned Reynolds’ land is expected to resonate with the development sector.
“In particular the land at Belgium Road, where preliminary due process is well underway, could fast-track options for well-capitalised developers.”
The Belgium Road lot is 13.36ha zoned Residential-Mixed Housing Suburban with specialist reports for a 127-lot residential subdivision, and Resource Consent for this, pending.
Close to this is 21.99ha in Birch Road and Golding Road, zoned Future Urban and a further 7.92ha in Tuakau, in Elizabeth Street and Buckland Road, with residential zoning in place.
Also, ready to go for a residential development, is 1.85ha in Jellicoe Avenue, in a semi-built-up area adjacent to the Tuakau town centre, next to Tuakau College. It is on all town services, zoned residential and boundary-fenced.
This Jellicoe Avenue block is part of a larger lot which also includes 35.06ha of existing cropping land in Buckland Road, zoned Future Urban.
