Lots on sale in new industrial precinct for Coromandel region
Property lots have been placed on the market for what will be one of the biggest new industrial hubs on the Coromandel Peninsula.
On the outskirts of Whitianga, a substantial 15.9ha block is being subdivided into 42 lots – ranging from 1000sq m to 9775sq m.
The flat greenfield land sits adjacent to Whitianga’s existing urban limit and will have minimal impact on the closest residential dwellings some distance away.
Titles are expected to be issued in early 2025, giving purchasers who get in early ample time to apply for relevant council consents. A roading network through the middle of the block will be built during the intervening period.
Lots within the new industrial hub at 142 Moewai Rd are being marketed for sale by negotiation through Bayleys Whitianga.
Salesperson Josh Smith said industrial lots in Whitianga were always in high demand due to their scarcity, and as a result he expected sites within the hub to be snapped up quickly.
“Early-bird purchasers will benefit from having the pick of any of the lots. We are confident a sizeable portion of lots will be snapped up before the end of the year.
“The lot sizes have been specifically designed to offer a wide variety of building options from small workshops and tradie premises right up to larger manufacturing plants and small warehousing units.
“For purchasers looking for even bigger lots, there is the option to purchase neighbouring
sites for a combined larger footprint. Again, purchasers getting in early will have the option to chose not only the best locations, but also any configurations sustaining bigger lots,” he said.
Development of the Moewai Rd block would appeal to owner-occupiers already in the town’s smaller industrial properties closer to Whitianga’s
central business district, as well as attracting investors from outside the area.
“Scaled residential expansion of Whitianga is already underway in other parts of the urban boundary where former farmland has been rezoned for new residential enclave – such as land along SH25. This land dovetails with that growth to deliver the necessary service infrastructure required to sustain a prosperous regional economy.
“With the creation of big-box retail hubs and tradie concentrations, greenfield land such as Moewai Rd is the preferred development option as it provides the space and scale required to build industrial zoned destinations efficiently, cost-effectively, and cohesively.”
Smith said the precinct could become a specialist destination for mechanical servicing and engineering focused tenancies — “an automotive services hub or units for builders and construction trades-based companies seeking premises sized around 350sq m, or the emergence of a marine services hub to service the multitude of boats and leisure craft based out of Whitianga.”