A large parcel of industrial land that is split into 10 freehold titles in Hamilton presents prospective purchasers with an opportunity to acquire a unique site for their next major project in one of the city’s fastest-developing areas.
The property, which has dual street frontages to Hounsell Road and Chalmers Road in the northern Hamilton suburb of Te Rapa, spans 60,358sq m.
One of the sites has already been sold and the nine remaining plots of land vary in size from 4,187sq m to 9,239sq m.
The sites are all Industrial Zone, of a level contour, and are surrounded by modern buildings and high-quality industrial occupiers.
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Te Rapa offers excellent access to State Highway One allowing ultimate connectivity to a range of destinations, including Auckland’s busy southern industrial hub.
Colliers directors Alan Pracy and Greg Goldfinch have been exclusively appointed to market the sites for sale and offers are to be presented to them with a closing date of Monday 28 February, unless sold prior.
Hamilton is located at the heart of the North Island’s ‘Golden Triangle’ within 140km of both of New Zealand’s main seaports (Auckland and Tauranga) and approximately 50 per cent of New Zealand’s population reside within this catchment area.
Hamilton city has a resident population of approximately 178,500 and is one of the fastest-growing cities in New Zealand.
Pracy, director of sales and leasing at Colliers Hamilton, says there will be huge interest in these sites as Hamilton remains highly sought-after due to its favourable proximity to Auckland and untapped growth potential.
“It is incredibly rare to see sites of this scale and size come to the market in a popular industrial precinct that continues to experience ongoing development,” Pracy says.
“Hamilton greatly benefits from being so close to Auckland and with industrial land being in such high demand there continues to be a massive weight of capital that investors are looking to place into the area’s industrial property market.
“The convenient location of these sites, which offers user-friendly access to major arterial routes, suggests these properties will appeal to a range of owner-occupiers or developers who will recognise the potential on offer.”
“The properties can be purchased individually or in a cluster, offering prospective buyers even more flexibility if they have super-sized plans for the future. The varying sizes of the remaining sites on offer means there will be something that will be attractive for a wide spectrum of requirements.”
While the sites are located in a prominent industrial hub, they’re also only a short drive from The Base, which is one of Hamilton’s major shopping destinations providing future occupants with access to a range of amenities. Hamilton’s CBD can be reached in approximately 15 minutes.
Goldfinch, national director of industrial at Colliers, says demand continues to outweigh supply in the industrial land market.
“These sites represent a blank canvas in the industrial space and will give buyers the flexibility to create something truly unique that will suit their future needs,” Goldfinch says.
“There will be significant interest in this rare opportunity to secure an industrial site of scale that can be positioned for such a wide array of uses.”
- Article supplied by Colliers
