A new business hub in a South Waikato growth node is on the right track, providing industrial accommodation for investors and operators seeking premises with strategic logistical advantages.
The Maraetai Road Intermodel Business Park in Tokoroa features 14 industrially-zoned sites ranging from 1,696sq m to 2ha (more or less) next to the Kinleith branch rail line.
Bayleys Tauranga salesperson Ryan Bradley says a sharp increase in industrial land prices across the Upper North Island in recent years has caused operators to look south for opportunities.
“The chance to acquire well-priced, accessible land in a location with a skilled workforce and excellent geographical attributes is very attractive, particularly in the current interest rate environment.
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“Streamlined multimodal access helps to reduce operating costs for firms reliant on the movement of goods throughout the country, with Tokoroa advantageously placed to benefit from the halo effect of the Golden Triangle economic area between Auckland, Tauranga and Hamilton.
“South Waikato has seen export growth skyrocket 42 percent year-on-year, with the region becoming a particularly sought-after location for businesses in the forestry, agriculture and engineering sectors.”
This demand is reflected in the presence of major operators, including the flagship operations of packaging business Oji Fibre Solutions at Kinleith, the cheese factory complex of global dairy giant Fonterra in Lichfield, and the recently completed dairy plant of food conglomerate Olam Food Ingredients (OFI) at the southern entrance to the Tokoroa township.
Bayleys Tauranga family sales team Ryan and Brendon Bradley have been appointed to market Lots 1-13 in the new development on Maraetai Road for sale by negotiation.
The sites feature direct road access into the recently developed Tokoroa Road/Rail Terminal, which has a rail sliding hardstand, road connections, bulk storage areas and a container unloading facility.
The sliding directly connects to the Port of Tauranga, New Zealand’s largest container port by volume.
Bayleys Tauranga salesperson Brendon Bradley says the location on State Highway 32 and seconds from State Highway 1 is superb, with terminal features enhancing competitiveness for businesses operating within the development.
“By leveraging efficient transport solutions, businesses within the park have the potential to gain a competitive edge. Flexibility is paramount for operators with diverse transportation needs and those needing to optimise cost-effective movement.”
The lots are designated ‘industrial’ with a build height of 40 metres (height to boundary rules apply) and have been designed in various footprints to suit small, medium and large-scale industry requirements.
“All sites are flat with the usual services provided to the boundary. They have been competitively priced to reflect a square metre rate of between $220 and $250.”
Bradley says titles are due in quarter four of 2024, giving operators time to reassess their current footprints in what are likely more expensive and less productive markets.
“A collaborative, pro-business council, commercial real estate that’s a fraction of big city prices, and an eager skilled workforce, combined with proximity to major centres and rapid road and rail transit routes make South Waikato an ideal location for operators large and small.
“These sites are expected to attract significant attention from a variety of purchasers who recognise the enormous growth opportunity – for both their businesses or investments and the broader region,” he says.
Article supplied by Bayleys
