Logistics, freight firms cited as likely warehouse tenants
Freight moving and delivery firms seeking to increase their presence in the Central North Island are being cited as likely tenants for a substantial warehousing and truck yard premises which has been placed on the market.
The 5496sq m property in the Waikato town of Morrinsville consists of an expansive truck parking yard adjacent to a
1196sq m high-stud warehousing and administrative office complex.
The concrete-floored open-plan warehouse is accessed through a quartet of
5m-high heavy roller doors allowing for easy entry by truck and trailer units, with separate entry points for administration staff entering the office portion of the premises.
Adjoining the warehouse on the lower level are staff kitchen and bathroom facilities, an office and reception area. The rear of the building contains two levels of additional carpeted offices, boardrooms, breakout spaces, staff facilities and kitchenettes in a more corporate styled interior.
Located beside SH26, the generally regular-shaped property is zoned Commercial under the Matamata-Piako District Council plan.
The freehold land and buildings at 71 Avenue Rd in Morrinsville are being marketed for sale at auction on April 26
through Bayleys Hamilton.
Salesperson Josh Smith said the property’s building infrastructure and lay-out would amply suit a freight forwarding or logistics operation.
“The 690sq m of warehousing space allows for large truck and trailer units to move quickly and efficiently on to and out of the warehousing floor.
“The building occupies less than a third off the entire site – allowing for considerable
parking outside, or for the outdoor loading and unloading of freight and goods,” said Smith.
“There is also the potential, subject to council approval, to extend the warehousing structure further toward its boundary and increase its capacity by an additional 25 per cent without impacting on the yard area.
“Additional warehousing – either fully enclosed or partly open — could also be built in a currently under-utilised corner of the yard space for additional goods or vehicle storage,” said Smith. “There are very few buildings of this size, proportion, and usage potential available in Morrinsville. The external yard space could easily accommodate 10 large haulage trucks, or park up six big rigs with trailers.
“Under this dynamic, the site would suit an earthmoving, infrastructure engineering, or civil works business, with the warehouse space suitable for use as a mechanical or engineering workshop.”
Smith said the property was being sold as vacant – in a ‘turn-key’ state ready to be occupied by a new tenant.
“As industrial land values rise in Hamilton’s northern and southern urban boundaries — and space availability concurrently decreases — a growing number of companies are looking for more cost-effective alternatives in the satellite towns of Te Awamutu, Cambridge and Morrinsville,” said Smith.
“The connecting roads close by the Avenue Rd premises deliver an ease of access to all points of the Golden Triangle’s state highway network.”
Smith said the property’s location on the edge of Morrinsville would suit a tenant with a business-to-business structure, and minimal requirements for passing trade or general public customer contact.