Auckland’s Northwest continues its evolution as the country’s commercial and industrial powerhouse, attracting major global and local brand names, including Amazon, Microsoft, and AS Colour.
With a lineup of anchor tenants continuously elevating the region’s appeal, developers, investors, and occupants fiercely compete for the last remaining prime land sites, says Bayleys Northwest Commercial and Industrial director Craig Smith.
Smith, along with Bayleys colleagues Mark Preston and Scott Campbell, and Colliers West Auckland team Caroline Cornish and Josh Coburn, is marketing one such property, comprising 2.0178ha (more or less) at 23 Northside Drive.
Expressions of interest for the significant land parcel are invited by 4:00 p.m. on Thursday, July 4th, 2024 (unless sold prior).
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Bayleys Northwest salesperson Mark Preston says the Westgate Town Centre, comprising the thriving commercial hub currently home to New Zealand’s first Costco and its wholesale fuel operation, is one of the most sought-after precincts for occupiers in the country, and the subject property benefits from immediate proximity to the bulk warehouse and more than 49,000sqm of retail space around the corner.
“With Westgate Town Centre and neighbouring precinct, the Westgate Shopping Centre, firmly established as a hub for global brands, this property offers a rare chance for developers and investors to leverage a high exposure destination with all the right attributes to accommodate the region’s next big name,” he says.
Featuring dual access via Kakano Road and approximately 60m of frontage to connector road Northside Drive, the underdeveloped landholding currently sustains one of the last remaining private residences in the area.
Bayleys Industrial national director Scott Campbell says the Business—Light Industry zoned site possesses all the fundamentals for a quality development, with the potential to generate immediate income should the purchaser lease the rear yard while development plans are implemented.
“A strategic location, high visibility, established infrastructure, and its position in a busy masterplanned development and region experiencing huge investment are a significant drawcard for developers tuned into Westgate’s thriving growth and future potential.”
The Northwest corridor has emerged as one of the city’s strongest growth areas, undergoing a $15bn transformation encompassing public amenities, services and major transport upgrades.
Colliers sales team Caroline Cornish and Josh Coburn say that the 48km Western Ring Route connecting State Highway 20, State Highway 16, and State Highway 18 has allowed direct motorway access from Auckland’s southern reaches to the west and alternative access to State Highway 1.
“The Northwest is one of Auckland’s fastest-growing regions and a key focal point for local government initiatives, with significant housing, supportive services and infrastructural upgrades underway.
“More than 20,000 new residents are expected in the area by 2040, creating 10,000 additional jobs and a significant opening for landowners to capitalise on future development opportunities.
“At the same time, the industrial sector continues to outperform every market, with consistently low vacancy levels and huge demand for premises, making this property an excellent add-value proposition for purchasers viewing it through an immediate, medium, or long-term lens,” they say.
- Supplied by Bayleys
