In­dus­trial park ad­ver­tis­ing space

Matamata Chronicle - - Property - By KASHKA TUN­STALL

A new com­mer­cial and in­dus­trial park is ad­ver­tis­ing space on the out­skirts of Mata­mata. The Wa­haroa Busi­ness Park is a 19- hectare block of lightin­dus­trial zoned land in the ru­ral Wa­haroa com­mu­nity.

Owned by four pri­vate in­vestors, the land has been used as farm­ing pas­ture for the past 10 years.

Craig Mowatt, one of the in­vestors and cur­rent site man­ager, said he be­lieves the park is the last ma­jor in­dus­trial space avail­able in eastern Waikato.

The area’s links to other ma­jor cen­tres have led to other properties be­ing quickly snapped up.

‘‘It’s a key dis­tri­bu­tion cen­tre. It’s cen­tral to a huge pop­u­la­tion,’’ Mr Mowatt said.

The park is ad­ja­cent to State High­way 27, with three mil­lion ve­hi­cles pass­ing by the site an­nu­ally, and has ac­cess to the East Coast Main Trunk Rail­way.

The strength of the park is its po­ten­tial as a site for both ware­hous­ing and dis­tribut­ing, ac­cord­ing to Mr Mowatt.

Ro­torua, Hamil­ton and Tau­ranga are all 50-minute drives, while South Auck­land is just over an hour away.

Mr Mowatt said the in­vestor group be­lieves busi­ness con­fi­dence is in­creas­ing and the prop­erty mar­ket is in good shape.

The park will be built in stages. Seven ti­tled com­mer­cial and in­dus­trial sec­tions have al­ready been made avail­able in the first stage.

Those sites mea­sure be­tween 3000 and 8000 square me­tres.

The sec­tions are zoned for light in­dus­trial, stor­age and man­u­fac­tur­ing.

The Mata­mata-Pi­ako Dis­trict Coun­cil is cur­rently plan­ning to zone the sub­di­vi­sion as full in­dus­trial, in an ef­fort to sup- port in­dus­try in the com­mu­nity, Mr Mowatt said.

One site in stage one has al­ready been sold to ac­com­mo­date dairy­ing tech­nol­ogy.

The sec­ond stage will have about 10 more sec­tions for sale be­tween 6000sqm and four hectares, but that will most likely change, be­cause clients may call for tai­lored lot sizes, Mr Mowatt said.

The own­ers, who are self­mar­ket­ing the prop­erty, have said they will con­sider all of­fers, from out­right ti­tle sales to de­sign­ing and pur­pose-build­ing for clients.

There has been in­ter­est in the sites in stage two, but no com­mit­ments have yet been made, he said.

Mr Mowatt does not want to put pric­ing in­di­ca­tions around the prop­erty.

In­stead, the in­vest­ment group is call­ing for ex­pres­sions of in­ter­est and the prices will be ne­go­tiable.

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