A large freehold development site zoned for heavy industry in a major growth hub at Auckland’s southern gateway is expected to attract intense buyer interest from investors, developers and owner occupiers.
The approximately 1.8-hectare greenfield property for sale occupies a corner site at Drury South Crossing, a 361-hectare, master planned mixed-use precinct beside State Highway 1.
The property is strategically positioned for access to the major markets of the ‘Golden Triangle’ linking Auckland, Hamilton and Tauranga. Its listing for sale comes amid an intense squeeze on land available for industrial activity within reach of these key North Island centres.
Colliers has been exclusively appointed to market the vacant land at Lot 41, Drury South, Drury for sale by deadline for offers, closing at 4pm on Thursday, 3 June, unless the property sells earlier.
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Paul Jarvie, Industrial Director at Colliers, says the property consists of a substantial, levelled lot of bare land on a single title.
“This rectangular site has excellent corner profile with dual road frontage to Bill Stevenson Drive and Jack Stevenson Road. The property is fully serviced and ready for a new owner to add improvements to harness its industrial potential.
“Positioned at the southern entrance to Auckland, Drury South Crossing is an outstanding location supported by excellent transport links. Running along the eastern boundary of State Highway 1, the precinct has immediate highway access via the Drury and Ramarama interchanges.
“This ensures the site for sale is just 30 minutes’ drive from central Auckland, 30 minutes from Auckland Airport, about an hour from Hamilton, and just over two hours from Tauranga. It is also situated in proximity to the industrial precincts of South Auckland as well as growing residential centres such as Papakura, Takanini and Pukekohe,” says Jarvie.
Alan Pracy, Sales and Leasing Director at Colliers, says Drury has been identified as a major growth hub at the southern gateway to the Auckland region.
“This key focal point for regional growth is set to benefit from $2 billion of infrastructure investment over the next 10 years. Surrounding land near the site for sale is giving rise to several modern residential subdivisions as the area continues its rapid growth.
“With new railway stations, bus routes, roads and water infrastructure and the potential for a regional centre to be created around Drury South Crossing, it is already becoming the focal point of considerable industrial and commercial occupier interest.”
Pracy says any business at Drury South Crossing will sit at the top of the so-called ‘Golden Triangle’ of New Zealand, between the coastal ports of Auckland and Tauranga and the inland ports being developed in Hamilton and Auckland.
“It’s the perfect staging point that sits on the doorstep of more than half of the North Island’s population,” he says.
Greg Goldfinch, National Industrial Director at Colliers, says the land for sale is zoned Business – Heavy Industry under the Auckland Unitary Plan.
“This zoning recognises the Drury basin’s favourable attributes for industrial activities, including its proximity to the Drury Quarry, State Highway 1 and the southern infrastructure corridor which channels vital electricity, water and telecommunications services.
“The heavy industrial area that includes the property for sale is neighboured by areas designated for light industry, commercial services and open space and stormwater management,” says Goldfinch.
According to developer the Stevenson Group, Drury South Crossing will make direct provision for 6,900 jobs and facilitate an additional 12,200 jobs in the region. It is expected to make an annual contribution of $780 million to regional GDP and facilitate flow-on annual GDP benefits of an estimated $2.3 billion.
