Potential in rural land on border of booming Pokeno
A block of rural-zoned land, bordering one of the country’s busiest highways and sandwiched between two substantial industrial business plants near a boom town, has been placed on the market.
The largely undeveloped 4.1ha pasture block at Mangatawhiri in the northern Waikato sits at the southern base of the Bombay Hills on Auckland’s metropolitan urban limit.
It’s just a few kilometres from the prosperous satellite town of Pokeno, which has boomed in recent years.
The rectangular-shaped landholding faces State Highway 2, which connects Auckland, Coromandel Peninsula and the western Bay of Plenty.
Currently used for stock grazing, the flat property at 11 Irish Rd includes a three-bedroom home.
The corner site landholding and house are for sale at auction on August 10 through Bayleys Hamilton.
Salesperson Josh Smith said that with the appropriate council consents, the property could be developed to sustain industrially focussed buildings whose tenants could service Pokeno just 3km west along the highway.
“Pokeno has grown from a virtual dormant township just two decades ago to now become one of Auckland’s fastest growing satellite population centres,” he said.
“The town is now home to multiple industrial operations, including concrete products manufacturer Hynds, the Synlait milk processing plant, the Yashill NZ diary company and a Countdown supermarket, all located in and around the town’s southern precinct.
“Meanwhile, the proliferation of housing developments to the west and north of the original business district has seen the resident population swell to some 2517 people according to the 2018 census.”
Smith said that as Pokeno continued to grow, new service industries in the area would look at cheaper land options in close proximity to the urban centre to accommodate their businesses.
“Under this auspice, the existing home could be utilised as readymade office premises – already consisting of a kitchen, bathroom, and staff amenities in addition to reconfiguring the bedrooms into multiple office spaces.
“Alternatively, subject to council consents, the residential component could retain its existing purpose and deliver a live-and-work adjunct to any new industrial premises across the remainder of the site.”