Rare greenfield industrial site in Drury
The opportunity to acquire a greenfield industrial site in a popular new development in Drury is being offered by CBRE.
Lot 54, Jack Stevenson Rd, in the Drury South Crossing development, is being marketed by Claus Brewer and Paul Steele of CBRE’s Auckland industrial and logisitics team, for sale by deadline private treaty closing at 4pm on May 26.
With most lots in the development already sold out, the 9445sq m of development-ready land is expected to be in high demand, says Brewer.
“This is a great opportunity to invest in Auckland’s boom location, right by State Highway 1. The shortage of developable land in Auckland’s established industrial areas means options are extremely limited for occupiers looking to design and build new facilities. Many such occupiers are now turning to well-connected alternative locations such as Drury, which is resulting in development in the area taking off.”
With $12 billion of Government infrastructure investment and millions more in private investment in Drury, the area is becoming a location of choice for industrial property occupiers needing convenient access to Auckland City and the Waikato/Bay of Plenty, Steele says.
“Drury South Crossing is located within easy access of two motorway interchanges at Ramarama and Drury. For occupiers facing a supplystarved industrial land market in Auckland, this location is emerging as a highly viable alternative, especially for those businesses which operate between the Auckland-Hamilton-Tauranga triangle.”
Titles are now being released and eight sites are already under construction as the area’s transformation begins to seriously take shape. With the title for Lot 54 due in September, the door is open for buyers looking to design a new facility, acquire consent and commence construction soon.
Offered with freehold tenure, Lot 54 features a 65m road frontage and is fully serviced with water, wastewater, stormwater, fibre and power. Light industry zoning means the flat and regular-shaped site could be ideal for a range of occupiers in sectors including manufacturing, logistics and warehousing and trade retail, says Brewer.
The industrial lots at Drury South Crossing are part of a 361ha mixed-use precinct that aims to bring community and industry together adjacent to the Hunua foothills.
On completion, the development will include a business hub with retail and commercial services, as well as the Hunua Views residential development.
Drury South Crossing will also include around 90ha of green space and parkland, Steele says.
“The development is being carefully planned to create a vibrant, high quality environment where businesses can be located near where their people live, with the provision of retail, services and open space creating a high degree of liveability for both residents and workers.”
Other notable activity in Drury includes Kiwi Property’s town centre development, which it plans to construct on 51ha incorporating the historic Flanagan’s Homestead. This major development is planned to include homes, shops, offices and community facilities.