An industrial landholding in the Waikato town of Te Awamutu is being presented to the market for sale and will appeal to developers or owner-occupiers seeking a substantial site in a growing location.
641 Paterangi Road, Te Awamutu spans approximately 15ha and is zoned Industrial Zone under the Waipā District Plan.
The flat, freehold site spans three titles and could be partitioned in a range of different ways, giving prospective purchasers the flexibility to undertake a highly tailored development.
Located on the outskirts of Te Awamutu, the property sits in a key growth location tipped for substantial development in the near future.
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It is only a few minutes away from the town centre and benefits from proximity to key arterial networks, including State Highway 3 and State Highway 1 that offer connectivity to Hamilton’s CBD and Te Rapa. Cambridge is approximately 25 minutes away.
The landholding has significant frontage to Paterangi Road, enjoying excellent visibility and street position.
Neighbours include Manuka Health New Zealand Ltd, Waipa Networks Limited, and Te Awamutu Sale Yards.
Colliers Hamilton Brokers Alan Pracy and Jason Kelsey have been exclusively appointed to market the property for sale via deadline private treaty closing at 3pm on Tuesday 10 June, unless sold prior.
Te Awamutu is known as a strong agricultural and logistics base and the wider area is tipped to experience high levels of growth.
In their 2050 District Growth Strategy, the Waipā District Council outlines an expected population increase of 5,400 in Te Awamutu and Kihikihi and a total growth of 25,000 people across the district.
The council has allocated a substantial amount of residential land to accommodate this growth and staged development will soon be underway.
They are proposing over 13,000 new homes be built across the district as part of their 2050 growth strategy, which will bring a significant economic boost to the area.
Pracy, Director at Colliers Hamilton, says the property has considerable upside potential.
“With financial headwinds easing in the construction sector, demand for industrial land is expected to lift as developers return to the market,” Pracy says.
“The property will be highly appealing to prospective purchasers given the versatility it provides. Owner-occupiers could create a facility that is specifically suited to their needs, without being bound by future lease agreements, while investors or developers could tenant a development to generate a steady rental stream.
“Alternatively, landbankers would benefit from the strong upside potential given the ongoing investment in development throughout the wider area.”
The property’s location falls just outside the ‘Golden Triangle’ of Auckland, Tauranga, and Hamilton where over 50 per cent of New Zealand’s population lives.
It generates more than half of New Zealand’s annual GDP and is where a majority of the country’s building consents are issued.
Kelsey, Sales and Leasing Broker at Colliers Hamilton, says a landholding of this scale gives buyers the opportunity to secure a stake in an increasingly popular location.
“Paterangi Road and Bond Road anchor Te Awamutu’s established industrial precinct and with landholdings of this scale becoming increasingly rare, particularly in such a tightly held location, this opportunity stands out as a strategic proposition for developers eyeing the Waikato region,” Kelsey says.
- Supplied by Colliers
