A parcel of high-profile light industrial-zoned land in fast-growing Silverdale in the Rodney Ward north of Auckland, has now been opened up to broader range of buyers thanks to a boundary realignment creating three, separate developable sites at a more accessible price point.
The largely flat contiguous land at 2183 East Coast Road, and 54 and 56 Tavern Road occupies one of the busiest corners in Silverdale, with exposure to around 20,000 passing vehicles per day.
Previously marketed as one 4,041sqm entity, boundary realignments allow the properties to now be sold individually as three separate sites ranging in size from 1,108sqm - 1,700sqm, subject to the final subdivision plan. The option also remains to acquire the entire site, or in any combination.
Graeme Perigo, Ben Clare and Alex Perigo of Bayleys in the North Commercial are marketing the landholdings for sale by deadline private treaty closing 11th July.
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While the larger-scale development sector is still facing some headwinds nationwide, Graeme Perigo says there are proactive and well-capitalised businesses actively scoping sites for design-build opportunities in Silverdale.
Enquiry and activity is definitely picking up and while it s too early to say that the market is turning, there are encouraging signs as sellers and buyer adjust their expectations and the market resets.
Banks are willing and keen to lend to owner-occupiers with strong balance sheets and we foresee proactive owner-occupiers recognising the value opportunity that this Silverdale land offers for cementing a presence in this evolving community.
"An investor/developer may also have a tenant looking for a design-build with our dealings showing that the trade retail sector is particularly active currently with reputable brands keen to get a foothold north of Auckland."
Perigo says the Business- Light Industry zoning allows a wide range of uses including manufacturing, production, logistics, storage, transport and distribution.
"There could be a good opportunity here for a trade retailer, given that Silverdale services a catchment experiencing exponential growth with developments such as East Coast Heights, Millwater, and Milldale.
"The vendor acquired the land for a potential micro-industrial unit development, however, that market segment has slowed for the time being and with the proposed boundary realignment, new options can be explored.
"Small industrial-zoned development sites are extremely hard to find Auckland-wide so with population growth heading northwards, and the subject land being around four minutes from the Northern Motorway links, there s value and opportunity to be unlocked here."
There is a distinct lack of warehousing available in the 200-700sqm size range according to Perigo so these favourably zoned and manageable sites could hit the right note with that market segment.
"While the timing may not be optimal for the development of micro-units, that next level of warehousing could fly - particularly given the ease of accessibility and roading network advantages that Silverdale offers.
"There's minimal vacancy for industrial property in and around Silverdale, and a pipeline shortage of development land for industrial use."
The Silverdale area has resonated with well-established national and international businesses with the general neighbourhood supporting Bunnings Warehouse, PAK'nSAVE, NZ Post, The Warehouse, and Woolworths.
Stats NZ data shows that the Rodney Ward's population in 2023 was up 2.9 percent from a year earlier and ahead of the national growth figure of 2.1 percent, with the five-year growth trend significantly outpacing the New Zealand average.
- Supplied by Bayleys
