A substantial development site that is ideally positioned in the rapidly emerging Auckland suburb of Westgate is available for purchase, offering buyers the chance to capitalise on the ongoing growth of the surrounding area.
Located at 9 Kakano Road, this flat, freehold site spans approximately 1.1ha and is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
The site presents a range of development possibilities, accommodating traditional light industrial uses such as manufacturing, production, logistics, storage, transport, and distribution activities, as well as special-purpose applications typically associated with town centres, subject to the appropriate consents.
The southern boundary adjoins an attractive council reserve that gives the site an expansive outlook across to the NorthWest shopping precinct.
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The property sits within Auckland’s Western Ring Route, providing excellent connectivity for both developers and owner-occupiers.
The general accessibility of the West Auckland area from other parts of the city has greatly improved in recent years following the development of the motorway network.
Kakano Road forms a major link between Fred Taylor Drive to the west and Maki Street to the east and services the growing industrial, trade retail, and retail businesses within this catchment.
Colliers Brokers Luke McGill, Nelson Raines, and Josh Coburn have been exclusively appointed to market the site for sale via deadline private treaty closing at 4pm on Wednesday 28 May, unless sold prior.
McGill, Director of Industrial at Colliers, says the surrounding area is undergoing significant infrastructure improvements, making this a highly attractive option for those looking to invest in a popular growth location.
“With favourable Light Industry zoning, this property can be developed in a range of different ways and opens up significant opportunities. The landholding benefits from its prominent street position and visibility,” McGill says.
“Adjacent to the subject property is the Costco service station, along with a new fast-food centre that includes well-known brands such as KFC, Taco Bell, and Carl’s Jr.”
Raines, General Manager of Colliers West Auckland, says Westgate has quickly established itself as one of the city’s key metropolitan centres with considerable residential and commercial activity.
“Westgate is approximately 20 minutes from Auckland CBD via State Highway 16 and once completed, it will be entirely purpose-built, marking the culmination of 13 years of masterplanning. The area is projected to create more than 10,000 new jobs and provide housing for 4,000 residents,” Raines says.
“The NorthWest Shopping Centre within Westgate, which sits to the south of the subject site, was opened in late 2015 and the surrounding retail hub is home to a host of national and international brands.
“New Zealand’s first Costco is also nearby and this attraction continues to draw people to the Westgate area.”
Coburn, Director of Capital Markets and Site Sales at Colliers, says industrial land that can be readily developed remains in short supply across the Auckland region.
“An ongoing lack of supply continues to drive demand and create interest when sites such as this one are presented to the open market,” Coburn says.
“For owner-occupiers it will allow them to create a development that suits their needs and means they wouldn’t be bound to future lease agreements, while investors or developers could create a development and tenant it to generate a steady rental stream.
“Purchasing opportunities such as this one warrant serious consideration from discerning buyers.”
- Supplied by Colliers
