Strong growth potential in workshop site in popular Pukekohe location
A prominent freehold site with a versatile industrial premises in Pukekohe boasting an abundance of potential for future development is sure to pique the interest of a wide range of purchasers looking for an investment opportunity with long-term upside.
The 1996sq m site at 50 Franklin Rd is in a tightly held area of central Pukekohe with readily accessible motorway networks and local amenities nearby.
It is located only 300m from the central ring road, 850m from the Pukekohe town square and less than 1km from the local train station.
The premises on the site comprises an industrial workshop on the ground floor of approximately 540sq m, which has a 166sq m addition, a 96sq m office and reception, and a 35sq m outside storage shed. There is also a 49sq m mezzanine upstairs.
Access is provided by three high stud rollerdoors and included in the building is a gantry rail and a five-tonne crane.
The sealed yard is fully fenced, providing additional security, and totals 1159sq m in area, while there is parking onsite.
Colliers has been exclusively appointed to market the property for sale by deadline private treaty, closing at 4pm on Thursday 12 August, unless sold prior.
The site is zoned for Business – Mixed Use Zone under the Auckland Unitary Plan, which makes it hugely appealing for buyers.
The Mixed Use Zone is typically located around centres and corridors served by public transport providing for residential activity and smaller scale commercial activity. It acts as a transition area between residential areas and business zones and so is one of the Unitary Plan’s more functional and sought-after zones.
In the commerce space, drive-through restaurants, entertainment facilities, offices up to 500sq m ground floor area per tenancy, and supermarkets up to 450sq m ground floor area per tenancy are included.
Education, healthcare, and care centres are covered under the community designation, while industry includes light manufacturing and servicing, warehousing and storage, and industrial laboratories.
Logan Roach, investment sales broker at Colliers, says buildings with this amount of potential rarely come to the market.
“Pukekohe is a strong growth area of South Auckland and is set to profit from significant investment in public and private infrastructure,” Roach says.
“The zoning of this site makes it incredibly attractive given the mixture of potential uses for the site whilst having the benefit of generating holding income courtesy of a short-term leaseback from the current owner.
“This creates an attractive offering for a soon to be owner-occupier with a short-term leaseback in place.”
Pukekohe is a satellite town of the wider Auckland region and has traditionally been a strong horticultural, agricultural, and equine community with an active commercial district.
The site is surrounded by a range of developments, including light industrial premises, Pukekohe Stadium, and community recreational services.
Commercial development exists on the nearby ring road and continues around King St, which is the town’s major retail hub.
Tony Marsh, broker at Colliers Highbrook, says the location adds to the appeal.
“This property is easily accessible from either the Drury or Bombay motorway on and off-ramps from State Highway 1,” Marsh says. “We are continually encouraged by the growth we have seen in Pukekohe and recommend all potential buyers whether they are occupiers, developers, or investors to undertake due diligence as soon as possible to avoid disappointment.”