Industrial project on the right track
A new business hub in a South Waikato growth node is on the right track, providing industrial accommodation for investors and operators seeking premises with strategic logistical advantages.
The Maraetai Rd Intermodel Business Park in Tokoroa features 14 industriallyzoned sites ranging from 1696sq m to 2ha next to the Kinleith branch rail line.
Bayleys Tauranga salesperson Ryan Bradley says a sharp increase in industrial land prices across the Upper North Island in recent years has caused operators to look south for opportunities.
“The chance to acquire well-priced, accessible land in a location with a skilled workforce and excellent geographical attributes is very attractive, particularly in the current interest rate environment.
“Streamlined multi-modal access helps to reduce operating costs for firms reliant on the movement of goods throughout the country, with Tokoroa advantageously placed to benefit from the halo effect of the Golden Triangle economic area between Auckland, Tauranga and Hamilton.
“South Waikato has seen export growth sky-rocket 42 per cent year-on-year, with the region becoming a particularly sought-after location for businesses in the forestry, agriculture and engineering sectors.”
Ryan and Brendon Bradley of Bayleys
Tauranga are marketing Lots 1-13 in the new development for sale by negotiation.
The sites feature direct road access into the recently developed Tokoroa Road/Rail Terminal, which has a rail siding hardstand, road connections, bulk storage areas and a container unloading facility. The siding directly connects to the Port of Tauranga.
Brendon Bradley says the location on SH32 and seconds from SH1 is superb, with terminal features enhancing competitiveness for businesses in the development.
“By leveraging efficient transport solutions, businesses in the park have the potential to gain a competitive edge. Flexibility is paramount for operators with diverse transport needs and those needing to optimise cost-effective movement.”
The lots are designated Industrial with a 40m build height (height to boundary rules apply) and have been designed in various footprints to suit small, medium and largescale industry requirements. All sites are flat with the usual services provided to the boundary. They have been competitively priced to reflect a square metre rate of between $220 and $250.”
He says titles are due in the fourth quarter of 2024, giving operators time to reassess their current footprints.