As the supply of industrial land in Auckland continues to be put under pressure, two neighbouring sites in the high growth area of Papakura present a unique opportunity for developers or owner-occupiers.
165 and 167 Dominion Road, Papakura comprises 26,311sq m of industrial land that is spread across two freehold titles.
165 Dominion Road is zoned Business – Heavy Industry under the Auckland Unitary Plan, while 167 Dominion Road is zoned Business – Light Industry.
The properties can be purchased individually or as a combined offering, and are available for immediate possession.
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165 Dominion Road is a functional, square-shaped site spanning 18,217sq m that has recently been levelled and partially gravelled.
167 Dominion Road has 117m of road frontage with three points of access.
The 8094sq m site is a rectangular, functional shape with two separate buildings measuring 620sq m and 428sq m.
The property offers low site coverage of approximately 13 per cent.
Dominion Road is considered one of Papakura’s main roads and has direct access from Settlement Road and Hunua Road, which are two main arterials within the industrial precinct.
The sites are well serviced by nearby amenities with Papakura town just 2.5km away.
State Highway 1 is approximately 3km away offering convenient access to the north and south.
Colliers Brokers Paul Jarvie, Josh Franklin, and James Dickey have been exclusively appointed to market the sites for sale by deadline private treaty closing at 4pm on Wednesday 7 September, unless sold prior.
Jarvie, Director of Industrial at Colliers, says the opportunity to acquire developable land will be highly appealing for buyers given the scarcity of industrial sites in South Auckland.
“These sites are two of the very few remaining landholdings in Papakura that have this much development potential,” Jarvie says.
“It’s incredibly rare to see properties like this being presented to the open market and they will generate significant interest among buyers who will recognise the wide array of possibilities on offer.
“As Auckland’s population, growth, and infrastructure investment has continued to shift south, demand for land and industrial buildings in the area has increased.”
Franklin, Director of Industrial at Colliers, says Papakura will continue to benefit from continued investment in the surrounding area.
“The ongoing development of the nearby Drury South will be a world-class, mixed-use enterprise district that will comprise 145ha of industrial and commercial land, 85ha of parkland, and 45ha dedicated to a new residential community.
“The Drury South development is well underway, and land is in short supply. These Dominion Road sites provide great value buying in comparison and will benefit from the development and growth in the area.
“Central and local government initiatives and projects will ensure that the south becomes a prosperous and exciting region providing excellent opportunities for commercial property investment.”
Dickey, Industrial Sales Broker at Colliers, says the favourable zoning means buyers have a range of options at their disposal.
“The sites provide the ultimate in flexibility covering both light and heavy industrial zoning. 165 Dominion Road with Heavy Industry zoning has its own egress and allows for more objectionable odour, dust, and noise emissions. A key attribute of the zone is that it contains sites large enough to accommodate large-scale industrial activities,” Dickey says.
“The property at 167 Dominion Road has its own unique features given the existing buildings and extremely low site coverage that provides vast development potential that is sought-after among purchasers. Light Industry zoning can include activities such as manufacturing, production, logistics, storage, transport, and distribution activities.”
- Article supplied by Colliers
