Papakura holding offers real value
As the supply of industrial land in Auckland continues to be put under pressure, two neighbouring sites in the high-growth area of Papakura present a unique opportunity for developers or owner-occupiers.
165 and 167 Dominion Rd, Papakura, comprises 26,311sq m of industrial land that is spread across two freehold titles.
165 Dominion Rd is zoned Business–Heavy Industry under the Auckland Unitary Plan while 167 Dominion Rd is zoned Business– Light Industry.
The properties can be purchased individually or as a combined offering, and are available for immediate possession.
165 Dominion Rd is a functional, square-shaped site spanning
18,217sq m that has recently been levelled and partially gravelled.
167 Dominion Rd has 117m of road frontage with three points of access. The 8094sq m site is a rectangular, functional shape with two separate buildings measuring 620sq m and
428sq m. The property offers low site coverage of approximately 13 per cent.
Dominion Rd is considered one of Papakura’s main roads and has direct access from Settlement Rd and Hunua Rd, two main arterials within the industrial precinct. SH1 is about 3km away offering convenient access to the north and south.
Colliers brokers Paul Jarvie, Josh Franklin and James Dickey have been appointed to market the sites for sale by deadline private treaty closing at 4pm on Wednesday 7 September, unless sold prior.
“These sites are two of the very few remaining landholdings in Papakura that have this much development potential,” Jarvie says. “It’s incredibly rare to see properties like this being presented to the open market and they will generate significant interest among buyers who will recognise the wide array of possibilities on offer.”
Franklin says Papakura will continue to benefit from continued investment in the surrounding area. “The ongoing development of the nearby Drury South will be a worldclass, mixed-use enterprise district that will comprise 145ha of industrial and commercial land, 85ha of parkland and 45ha dedicated to a new residential community.
“The Drury South development is well under way and land is in short supply. These Dominion Rd sites provide great value buying in comparison and will benefit from the growth in the area.”
Dickey says the favourable zoning means buyers have a range of options. “165 Dominion Rd with Heavy Industry zoning has its own egress and allows for more objectionable odour, dust, and noise emissions.
“167 Dominion Rd has its own unique features given the existing
buildings and extremely low site coverage.”