Are you seeking a substantial industrial landholding to develop for your own business, or your next strategic development opportunity? Would holding income during the planning and consent phase add further appeal? If so, this property warrants serious consideration.
5 Timber Place presents a rare opportunity to acquire a large freehold industrial site comprising approximately 7,846sqm of bare land, currently utilised as yard space. The site is predominantly flat and unsealed, with direct access from Timber Place. Zoned Light Industry, the property is positioned within an established and successful industrial precinct, surrounded by complementary operators. The existing occupier is willing to remain in place for an initial six-month period on a rental to be agreed, providing valuable holding income while development plans and consents are progressed.
Located within the well-established Riverhead industrial precinct in West Auckland, the area was purpose-built to accommodate larger operators seeking affordable industrial land with efficient access to North, West and South Auckland via State Highway 16. Riverhead is widely recognised as a high-growth location, underpinned by strong residential and commercial development in recent years. The ongoing shortage of industrial bare land in both Riverhead and the wider surrounding area further enhances the long-term investment fundamentals and future capital growth prospects.
Ideal for owner-occupiers, developers or land bankers, this is a compelling opportunity that should not be overlooked.
For further information or to arrange a viewing, please contact the Joint Sole Agents.
