Five sections within a new industrial precinct in the prosperous Waikato town of Morrinsville have been placed on the market for sale.
The five lots range in size from approximately 2,699 square metres up to 3,857 square metres and are priced from $971,640 to $1,388,520 plus GST if applicable. The land is zoned industrial 7A under the Matamata Piako District Council plan.
Located at 15-21 Keith Camp Place, the free-draining level sites straddle Morrinsville’s current western residential boundary, and the town’s existing industrial zone. One site within the development has sold already, leaving just the five remaining plots.
Growing bigger on all fronts, Morrinsville’s population of just over 7,000 residents is expected to increase to 8,800 people living in 3,768 homes by 2033. Matamata Piako District Council's (MPDC) 30-year town strategy notes that the town requires 13 hectares of industrial-zoned land to sustain new and expanding businesses supporting the town’s population growth.
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The five sections within the Keith Camp Place development deliver a combined total area of almost three hectares of industrial expansion and are being marketed by sale by negotiation through Bayleys Hamilton. Salesperson Josh Smith said the sites would give tenant businesses easy access to State Highway 26 just a few hundred metres away.
“From an operational perspective, Morrinsville is now recognised as a cost-effective option for companies looking for premises on industrial land within close proximity to Hamilton some 29 kilometres away,” Smith said.
“Much of Morrinsville’s industrial land is located in the western part of the town’s business zone – surrounding Keith Camp Place. The stockyards and grain silos are a legacy of the historic development of Morrinsville, while more recent service industry businesses have been established under the district plan provisions that permit light industry in both the business and industrial zones.
“Existing business around the Keith Camp Place locale include industrial operations such as Vowles Transport, BLM Engineering, Gibbons Engineering, and Normans Transport & Storage, along with several unit storage premises.
“Freight movements around Morrinsville are likely to be predominantly from and to the west, in the direction of Hamilton. This new precinct at Keith Camp Place will minimise the need for heavy vehicles to travel through the town to access the area, and would suit tenant businesses who aren’t reliant on passing trade or casual customer contact.”
Smith said construction is now complete and MPDC is currently processing the s223/224 ready for LINZ processing of new tiles.
“The developer has worked extremely closely with the council to alleviate any concerns over on-site water containment,” he said.
“The five remaining Keith Camp Place sections are being sold as bare land titles, however, the vendor is also in a position to be able to additionally offer design and build packages specific to the requirements potential purchasers may have for their businesses.
“While any of the five blocks would amply suit large warehouse or factory-type premises with yard space for vehicles or storage, there is also the potential for the construction of smaller terraced-style workshop-orientated premises. Again, there is the option for these to be built to bespoke requirements, or for that work to be undertaken by any potential new owner.”
- Article supplied by Bayleys
