‘Golden triangle’ sites offer lots of potential

Nine farm blocks with the potential for commercial and residential development in Pukekohe and Tuakau are up for sale.

The portfolio is owned by the same family that owns cropping company TA Reynolds. The blocks are in the Auckland, Hamilton and Tauranga ‘‘golden triangle’’.

Bayleys agent Duncan Ross said the Reynolds would retain a core productive component of their land, but a total of 216.35 hectares was being released for sale, comprised of nine multi-titled lots, much of which had been rezoned for potential industrial or residential development.

The properties would be sold by tender as separate lots or as a whole portfolio. The tender will close on July 3 at 4pm.

Ross said the mixed-use portfolio offered significant scale in a fast-growing region that boasted improved connectivity due to infrastructure projects. It had proven appeal for commercial and residential growth.

‘‘Along with prime, high-yielding horticultural lots for sale, which will have strategic appeal for existing producers in the area wishing to expand operations, there is well-located land earmarked for current and future development across both industrial and residential zonings.’’

This offered potential buyers an investment opportunity in a region that was important to the growth of Auckland and Waikato, he said.

Ross said there would be greater demand for homes in outlying areas as the country recovered from Covid-19 and people sought the flexibility to commute, while the industrial opportunities would benefit from proximity to main arterial routes.

‘‘Within the golden triangle . . . there is still an undersupply of good industrial land that supports growth in the agri-sector.’’

In Tuakau, there was 9.42ha of prime industrial-zoned land at Bollard Rd, that had services in place. It was used for cropping, with holding income available, he said. Another 31.57ha block at the intersection of Bollard and Whangarata roads of industrial zoned flat land provided holding income from an existing kiwifruit orchard and could be developed as an industrial business park, Ross said.

At Harrinsville Rd, Tuakau, there was 23.27ha of rurally zoned land, suitable for land-banking or a transport hub or conversion to a glasshouse operation, he said.

Significant rezoning in the broader Auckland region meant there was opportunity for residential developers. Pukekohe had been identified as a priority growth satellite town, Ross said.

‘‘There is unprecedented infrastructural investment happening to the south of Auckland, and some huge industrial, retail and residential development projects nearcompletion or well under way.