Substantial landholding in emerging rural market

The biggest block of greenfield development land in a Waikato township emerging as one of the region’s foremost rural industrial hubs has been placed on the market for sale.

The 5.64-hectare rectangular site at Kerepehi in the northern Waikato is next to the Allied Faxi ice cream manufacturing plant in what was previously a mothballed dairy factory.

With dual frontage onto two roads – one of which is State Highway 2 which links the Bombay Hills south of Auckland and the Bay of Plenty - the Kerepehi greenfield site for sale has the potential to subdivided into multiple smaller parcels of land.

The substantial landholding at 116 Kerepehi Town Road has been placed on the market for sale by tender jointly through Bayleys Hamilton and Bayleys North Shore in Auckland, with the tender process closing on August 6. Bayleys Hamilton and North Shore salespeople Josh Smith, Eddie Zhong, and Daniel Keane said that with an Industrial 7A zoning classification under the Hauraki District Council plan - along with utilities at its boundary - the site had multiple development options, some of which had been explored already.

“Significant civil planning investigation work has already been undertaken for 116 Kerepehi Town Road in preparation for submitting a resource consent application for subdivision of the block. These initial plans are included in the sale offering,” Smith said.

“The current draft plans for 116 Kerepehi Town Road provide any new owner the potential to continue with the existing investigated format of 12 lots accessed off a central cul-de-sac road, or to rework the subdivision into a number of alternative configurations permittable under the industrial zoning.”

Hauraki District Council’s industrial land classification allows for an extensive range of industrial and service activities – including industrial warehousing premises, service station operations, car/caravan/boat sales yards and repair workshops, and non-retail trade-based units for occupation by plumbing, electrical and carpentry businesses.

“The land zoning would allow for the potential creation of a fuel stop on the site. The nearest petrol stations at present are to the north at Ngatea and the south at Paeroa. As new tenancies emerge in the Hauraki Park industrial precinct, traffic will increase,” Smith said.

“Such an option could also see ancillary businesses operating from the site – such as a convenience food outlet or vehicle repair workshop.”

Smith said development of the corner site could alternatively replicate the creation of some 23 industrial building sites on Reta Crescent.