Tradies’ site offers stake in booming south
The large new premises housing a Bunnings Trade Centre in Pukekohe have gone up for sale, in a fast-growing area experiencing an unprecedented building boom.
On a more than 6000sq m freehold site, the Bunnings Pukekohe Trade Centre serves tradespeople working around the AucklandWaikato boundary.
It provides products such as power tools, paint, safety and personal protective equipment, and site consumables.
Pukekohe has been identified by Auckland Council for major growth as a key satellite town, with numerous commercial and residential developments underpinning current and future construction demand.
The Bunnings facility on Crosbie Rd, Pukekohe, was the brand’s ninth trade centre in New Zealand.
It generates an annual net rental return of $461,250 plus all outgoings and GST on a current lease that runs through to 2029, with six further fiveyear rights of renewal.
The lease agreement incorporates 2.5 per cent annual rental increases, replaced by market reviews in 2029, then at every second lease renewal.
The freehold site is being marketed by Shane Snijder of Bayleys Pukekohe. It will go to auction on Wednesday March 8, unless sold prior.
Snijder said the site consisted of a building of some 3844sq m on approximately 6113sq m of land. Opened a year ago, the trade centre has a generous 8.3m stud and an A-grade seismic rating. It features a fully undercover trade drive-through with 20-plus onsite carparks.
“This is a rare opportunity to own a new landmark building with an exceptional tenant whose business activities are directly linked to expansion and booming construction activity in one of Auckland’s key strategic growth locations,” Snijder said.
Around 50km south of Auckland’s city centre, Pukekohe has a population of around 30,000. Its bus network is integrated with the Auckland rail network and the town is connected to SH1 and the rest of Auckland via SH22.
The town’s economy is centred on surrounding dairy farming and horticultural activities, and a large and growing contingent of commuters working throughout greater Auckland. Pukekohe’s town centre offers a wide variety of services and facilities.
The site’s Light Industrial zoning provides for a range of activities such as manufacturing, production, logistics, storage, transport and distribution.
Snijder said Pukekohe and surrounding areas were poised for considerable growth over the next
30 years. “The Auckland Plan 2050 identifies some
1700ha of land for future urban development around Pukekohe.”
Existing projects include the 361ha Drury South Crossing mixed-use precinct, Fisher and Paykel Healthcare’s recent purchase of 104ha for a new business campus on Karaka Rd and the
4500-home Paerata Rise residential development.