Two properties on the same rural road offer options for new owners
Two Huntly properties on the same road — one the former Solid Energy head office and the other a bare piece of land — are on the market for sale.
They were once part of one title that was split into three separate titles. The owner has kept one title and decided to sell the other two.
Solid Energy's 2193sq former office, at 77 Rotowaro Rd, was built in the 1980s with an extension added a few years later. Since Solid Energy's collapse it has been converted for educational purposes.
The nearby 2.2ha of bare land, at 113 Rotowaro Rd, is in the transition zone between rural Huntly to the west and the town's residential infill area to the east. Although it has a business zoning, it is in the Waikato District Council's plan to be rezoned residential.
Both properties are being marketed for sale by tender closing on October 11 through Bayleys Hamilton salespeople Alex ten Hove and Mike Swanson.
ten Hove said both properties offer opportunities for a buyer to tenant the office building and landbank the bare land until it is rezoned. However, they are on the market as separate sales.
The office building on a 1.8ha site with on-site parking is zoned business under the Waikato District Council's District Plan and is about 1km from town.
Originally purpose-built for Solid Energy it is being sold with vacant possession. ten Hove said there are multiple uses for the building.
“It can kept as a single tenancy or can be split into multiple tenancies as the air-conditioning covers the entire building,” he said. “The property includes a large kitchen and cafeteria, dining area, decks and an outdoor area meaning a large number of staff or visitors can be catered for.
“Ideally configured for numerous uses and with excellent parking, it has 215m of road frontage giving good Solid Energy's 2193 square metre former head office at 77 Rotowaro Road, Huntly
visibility and access for staff and students or clients and could potentially generate yearly rent of $200,000 plus.”
The nearby 2.2ha of undeveloped land is zoned business-heavy industrial, but is designated to become residential. ten Hove said the council is about halfway through the process for a new District Plan.
Located on the south east site of Rotowaro Rd, the site is near existing residential areas and has access off Porritt Ave and Rotowaro Rd. Its corner position offers subdivision options.
“This site is a valuable opportunity for a developer or landbanker “ten Hove said. “It will offer a real opportunity for profit for buyers to turn the site into a housing development.
“The potential is for either affordable housing or larger residential lots. It has elevated views to the Waikato River and beyond and should be eventually sought after by people wanting new homes.”
The property is just minutes from Lake Puketirini and Huntly town centre and less than 2km to Huntly West kindergarten, the local primary school and college.
Huntly has a population of more than 7000 people and is expected to get a new lease of life early next year once the new $409 million 15.2km four-lane motorway bypasses the town.
ten Hove said the new motorway will have a major effect on Huntly, adding that Pokeno is a good example of how a state highway bypass has led to positive growth in all areas.