This large flat parcel of industrial land is the last zoned piece of industrial land able to be purchased in the Wellington Region.
Originally part of the former General Motors land this precinct is rapidly developing with land having been sold to mainly owner-occupiers over the last few years as the vacancy rate for industrial property has plunged to the lowest levels since surveys have been completed. Notable businesses to have purchased in the area include Resene Paints, J & D McLennan, Whakatiki Engineering and Service Foods. Developers have also participated with several building built on spec and being leased before completion and a small 5 unit development sold off the plan in less than 3 weeks.
This is a great opportunity for an owner-occupier or a developer. Owner-occupiers can potentially future proof themselves by purchasing with land to expand onto over time.
Developers have the opportunity to complete a comprehensive development scheme with a hierarchy of building sizes and either spec some or sell and or lease off the plan.
Don’t let this opportunity pass you by as with vacancy rates low and getting lower all the signs are that values are set to climb and with no significant land supply within the Wellington Region this is an opportunity that is unlikely to repeat.
For more information or to arrange an inspection contact:
Ben Taylor on 022 375 5786 or email ben.taylor@colliers.com
Tim Julian on 021 488 029 or email tim.julian@colliers.com
*Boundary lines are indicative only
Features:
- Development Site
- Industrial Zoning
- 4.05ha Useable Area
- 191m Frontage
- 6 minutes to SH2
- Geotech Report Available
More information: https://www.colliers.co.nz/p-NZL67013525
