One of the last heavy industrial sites in the heart of Papakura’s industrial precinct presents buyers with a unique opportunity to secure a property that is well positioned to take advantage of the significant industrial and residential developments in nearby Drury.
10 Margaret Williams Drive in Papakura has multiple buildings with a combined total net lettable area of 10,021sq m on a sizeable 3.65ha freehold site that is zoned Business – Heavy Industry Zone under the Auckland Unitary Plan.
Vendors Papakura Timber Processors 2017 Ltd are putting a lease in place with flexible lease terms that will provide $1,800,000 plus GST in net annual rental income on a triple net lease.
Located just off Hunua Road, the predominantly flat property is at the end of the cul-de-sac on Margaret Williams Drive and the site enjoys good manoeuvrability, accessed via a dual carriageway.
Start your property search
Colliers brokers Greg Goldfinch, Josh Franklin, Paul Higgins, and James Dickey have been exclusively appointed to market the property for sale with the deadline for offers closing at 4pm on Wednesday 30 March, unless sold prior.
There are five main buildings on the site ranging in size from 346sq m to 3613sq m. All have minimal office space and excellent access areas, a key requirement for many tenants and users.
The buildings provide ample yard space, canopy cover, and roller door access. All the buildings except one are located along the boundary line, which provides room for truck circulation and future development.
Goldfinch, National Director of Industrial at Colliers, says there is significant demand for large and functional industrial sites in South Auckland.
“Available land that is zoned Business – Heavy Industry Zone is incredibly challenging to find, which makes this property so appealing for buyers of all kinds that may include owner-occupiers or developers, as well as passive investors,” Goldfinch says.
“A key attribute of the heavy industry zone is that it contains sites big enough to accommodate large-scale industrial activities, while being located near key transport routes.”
Franklin, Director of Industrial at Colliers, says Papakura is ideally positioned due to the ongoing shift south, which has contributed to a raft of notable sales of land in Drury and Pokeno recently, contributing to a shortage of supply.
“Papakura is strategically located within the ‘Golden Triangle’ of New Zealand’s major growth cities of Auckland, Hamilton, and Tauranga, which make up 55 per cent of the country’s population and approximately half of New Zealand’s GDP,” Franklin says.
“Substantial development is underway in nearby Drury South that will see 45ha of land dedicated to a new residential community, alongside commercial and industrial investment that will lead to the creation of some 8,000 jobs.”
Higgins, Director of Industrial at Colliers, says there is future growth potential on offer with this property given the favourable site coverage.
“While there have been additions to the site along the northern boundary, there is scope to further intensify the usage and add value,” Higgins says.
“This would allow the new owner to realise the true potential of this large-scale landholding.”
Dickey, Industrial Sales Broker at Colliers, says when considering all of the key attributes of this sizeable property, it makes for one of the most appealing offerings that has been presented to the market this year.
“Heavy industry land remains highly sought-after due to its scarce availability and sites of this scale are rarely seen on the open market, especially with this flexibility in terms to suit a buyer,” Dickey says.
- Article supplied by Colliers
