Buyershave the chance to secure a stake in a cutting-edge new industrial hub with theadded attraction of a guaranteed 5.5 percent net investment return for twoyears from settlement date.
OrientInnovation Park is a precinct where business, innovation and lifestyle collidein the commercial and industrial bastion of Te Rapa, in New Zealand’sfastest-growing city of Hamilton.
Offeredfor sale are a versatile combination of stylish live/work units with sizeoptions from some 310 to 412 square metres, premium showroom/warehouse units of193 to 355 square metres, and a large two-level showroom/office unit of some636 square metres.
Theunits will sit within six architecturally designed buildings being developed inphase one of the 16-hectare master-planned Orient Innovation Park.
Start your property search
Bayleyssalesperson Mike Marinkovich says investors can buy any available unit with atwo-year leaseback to the developer providing an immediate hassle-free 5.5percent net annual return.
“Opportunityknocks for owner-occupiers too, to gain a position in Te Rapa’s most innovativeindustrial precinct, which is the future of smart, versatile workspace,”Marinkovich says.
Theunits at Lot 5, Orient Innovation Park, Te Wetini Drive, Te Rapa, are beingmarketed for sale through Marinkovich and Bayleys colleagues Geoff Wyatt,Jordan Metcalfe and Rebecca Bruce, with price on application.
Wyatt saysall units optimise functionality, with a high-stud open-plan warehouse,six-metre electric roller door and three-phase power. Each has a ground-floortoilet, kitchenette, and mezzanine.
“Thismakes them ideal for trades, warehousing or distribution. Each unit offers animpressive 18 to 22-metre warehouse depth, providing plenty of space for largeboats, motorhomes, cars or storage,” Wyatt says.
Thedual-purpose live/work units incorporate a stylish north-facing apartment, withtwo spacious bedrooms, open-plan kitchen, dining and living areas, plus anexpansive deck – ideal for unwinding after a productive day.
Metcalf saysthe design, with separate entrances to the living and working spaces, providesa point of difference enabling investors to lease the areas separately orowner-occupiers to move into one space with income from the other.
“Thelarge showroom/office unit includes an open-plan ground-floor space which couldhouse a golf-simulation business, with supporting plans available to newowners. This is also perfect for a spacious trade or retail showroom,complementing the upstairs office,” says Metcalfe.
Bruce saysthe units were designed and built to a high standard with concrete tilt-panelconstruction, ensuring high tenant appeal, low maintenance and long-termdurability.
“Thisdevelopment caters to diverse business needs, whether you’re a growingenterprise seeking expansion, an importer or wholesaler needing top-tierdistribution facilities, or a tradesperson on the hunt for a quality workshop,”Bruce says.
Two ofthe development’s 21 live/work units and four of the 20 warehouse units havealready been sold and strong demand is expected for remaining properties. The propertiesare priced from $820,000 plus GST (if any) for warehouse units, from $1,290,000plus GST (if any) for live/work spaces, and from $3,000,000 plus GST (if any) forthe large commercial showroom/office unit.
“Thetime is ripe to be among the first to invest in Orient Innovation Park. This ismore than a business park, it’s a future-proof chance to combine living,working and earning in one dynamic location,” Bruce says.
“Whetheryou’re an owner-occupier eyeing versatility or an investor seeking a secure,high-yielding asset, this is your chance to be part of the future of smart,multi-functional workspace.”
Anotherkey advantage for investors and occupiers is the strategic location in one ofHamilton’s most desirable industrial precincts, with exceptional connectivity tomain arterial routes and the Waikato Expressway network. This facilitates easyaccess across the “Golden Triangle” connecting Hamilton, Auckland and Tauranga,an area that is home to over half of New Zealand’s population and sometwo-thirds of recent population growth.
ZonedIndustrial under Hamilton’s district plan, the highly visible Orient InnovationPark site is surrounded by industry leaders such as Mainfreight Warehousing,DHL, The Tool Shed, 4 Guys Autobarn, and a Z Service Station.
TheBase, one of New Zealand’s largest retail centres with a plethora of amenity,is moments away.
- Supplied by Bayleys
