Super-site this: big holdings available in NorthWest
Two substantial landholdings within the Spedding Rd industrial estate in the NorthWest of Auckland are available for sale and offer owner-occupiers the opportunity to secure their own site for future operations.
Measuring 1ha and 1.25ha, the sites are part of the strategically located 46ha Spedding Rd development, known as Spedding, that has recently been rezoned to Business–Light Industry Zone under the Auckland Unitary Plan following an extensive private plan change process.
Infrastructure, roading and site establishment works are being done and earthworks are expected to begin shortly with titles likely to be issued in the first quarter of 2025.
The development of the super-site will lead to convenient connectivity to the surrounding motorway network, meaning future occupants will be able to use SH16 and SH18 with ease, greatly enhancing their productivity.
The Light Industry zone is the prevalent industrial zone in Auckland, and provides for a range of land uses, including manufacturing, production, logistics, storage, transport, and distribution activities to name a few, meaning there is vast potential for a range of prospective occupiers.
Colliers recently brokered a deal for Property for Industry Ltd to purchase approximately 5.8ha across two lots on the western side of the estate. Colliers directors Josh Coburn and Blair Peterken are selling the sites via negotiation.
The West Auckland region has experienced notable growth in a range of industries during the past decade alongside substantial increases in its residential population. Stats NZ tracked the area’s population as 311,636 in June 2022, up from 282,129 in the 2018 Census.
Residential developments in Red Hills, Westgate, and Hobsonville Point have all contributed to this growth.
There has been major investment from retail businesses and the area is home to the countr’s first Costco, which opened last year to much fanfare. Largescale industrial occupiers are also prevalent.
Coburn says these sites will generate huge demand among buyers given the scarcity of available industrial land across the city. “Research from Colliers notes that industrial vacancy rates are at 1.7 per cent across Auckland and that rate has held below 3 per cent since August 2013, despite inventory increasing by more than 1.5 million sq m, indicating the strength of demand for industrial property in the city.”
Peterken says ongoing infrastructure improvements to West Auckland have added to its desirability as a place to operate a business from and Spedding is the perfect platform. “Everything you would want in terms of amenities is sitting on the doorstep, including Costco, Bunnings, Harvey Norman and Westgate Shopping Centre, among other retail and hospitality offerings.”