High Profile Split Risk Investment Opportunity For Sale

139 Cascades Road, Pakuranga Heights, Auckland

For Sale by Deadline closing Wednesday 7th June 2023 at 4:00PM (unless sold prior)

4,062sqm corner site

Income stream of $337,951

Established service industry tenants

WALT of 3.2 years

Business - Light Industry Zone

Colliers New Zealand has been exclusively appointed to market 139 Cascades Road, Pakuranga for sale via Deadline Private Treaty, o ers to be submitted by 4:00pm, Wednesday 7th June 2023 (unless sold prior).

139 Cascades Road o ers a 1,534sqm site, zoned Business - Light Industry, located close to a commercial precinct as well as a large residential catchment.

This is a prime opportunity to acquire a site that o ers numerous enticing investment options

David Burley

021 478 225

Matt Barnes 021 828 563

9.4 ha Strategic Landholding

5.01 ha Industrial & 4.47 ha Plains Production

1170 Maraekakaho Road, Hastings, Hawke's Bay

For Sale by Tender closing Wed 24 May 2023 at 4pm (unless sold prior)

Spanning across approximately 5.01 ha of industrial land and 4.47 ha of plains production rural land, all under a single title, this site is one of the last remaining large, undeveloped parcels within the highly sought-after Irongate industrial area. The location boasts an array of blue-chip neighbours, including Balance, Waipak, Tumu's, Hilton Haulage, and Rockit, further enhancing the site's appeal and potential. This development opportunity allows for immediate commencement of construction, as it already boasts access, services, and title. Furthermore, the land parcel comes complete with a consented truck wash and an impressive 5,500m² of hard-packed shingle yard space.

Danny Blair

021 826 496 colliers.co.nz/p-NZL67023411

Jack Hughes

021 242 4742

Large-scale site in Hawke’s Bay

A significant landholding in Hastings that has considerable development potential offers developers, investors, or owner-occupiers the opportunity to acquire a large-scale site for their next major project.

1170 Maraekakaho Road, Longlands in Hastings measures 9.49ha and comprises approximately 5.01ha of Industrial zoned land and 4.47ha of land that is zoned Plains Production.

The total holding is under a single freehold title and is one of the last remaining large, undeveloped parcels within the highly sought-after Irongate industrial area.

The property is perfectly suited for a noteworthy development that could enhance the surrounding area and has favourable proximity to the Hawke’s Bay Expressway, providing access to various other parts of the region.

It allows for immediate commencement of construction as it already boasts access, services, and a title, which sets it apart from other large greenfield sites.

One key drawcard is the site comes with a consented truck wash, which can be hard to obtain, and a highly functional 5,500sq m of hard-packed shingle yard space that will prove incredibly useful for future occupants.

The location boasts an array of blue-chip neighbours, including Balance, Waipak, Tumu's, Hilton Haulage, and Rockit, further enhancing the site's appeal and potential.

Colliers Hawke’s Bay Brokers Jack Hughes and Danny Blair have been exclusively appointed to market the property for sale by tender, closing at 4pm on Wednesday 24 May, unless sold prior.

Hughes, Sales and Leasing Broker at Colliers Hawke’s Bay, says the sheer size of the landholding means it is well placed for a large-scale development.

“It is rare to see sites of this size brought to the market, but it will be highly appealing for buyers who will recognise the potential on offer,” Hughes says.

“The contour and shape of the site means it is perfectly positioned to be transformed into a sizeable transport, logistics, or industrial offering.

“The Industrial zoning is incredibly helpful for prospective purchasers as it offers tremendous flexibility for any future usage.

“The property also has the potential to be positioned as a cool store facility, which would be sought-after in the local area given the prevalence of horticulture in Hawke’s Bay, one of the bedrocks of the local economy.”

Blair, Director at Colliers Hawke’s Bay, says the access to the property from Maraekakaho Road is convenient.

“While there is no profile to the main road from the property, it means it is away from the hustle and bustle and offers privacy for the occupants,” Blair says.

“With the motorway network nearby, the Hastings CBD is only 4.2km away, while the Hawke’s Bay Airport can be reached in approximately 20 minutes.”

Blair says buyers with a long-term view of the property could unlock further value in the future.

“There is potential that surrounding land could be rezoned down the line, which will allow the industrial hub of Irongate to flourish even further.“

“Properties of this nature that offer such flexibility and scale remain highly desirable for buyers given the growth potential on offer. The fact that any future development could begin immediately as the services are in place is another important selling point.

“We encourage all interested parties to contact us immediately so they can discuss their options with this unique offering.”

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Ash Vincent 021 442 201 Tony Marsh 021 141 2072 Josh Franklin 021 990 714 colliers.co.nz/p-NZL67023293

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