Freehold Hobsonville light industrial sites

4:24 PM Friday May 11, 2018 True Commercial

The development sites for sale are at 25, 27, 29 and 33 Westpoint Dr, Hobsonville. Photo / Supplied

Four large development sites in Hobsonville’s premier industrial subdivision are for sale in Auckland’s fast-growing northwest.

Colliers International’s West Auckland broker Sean Finnegan is marketing 25, 27, 29 and 33 Westpoint Dr with industrial brokers Andrew Hooper and Dwayne Warby.

The adjoining freehold properties on Westpoint Drive are for sale by deadline private treaty closing at 4pm on June 12, unless sold earlier.

Finnegan says the overall site has a combined area of 2.04ha, with individual lots ranging in size from 2582sq m to 7862sq m.

“This is a superb opportunity for developers and owner-occupiers to establish a foothold in a key Auckland growth area,” he says.

“With Auckland’s industrial land availability at an all-time low, there are very few chances to acquire vacant greenfield development sites like these.

“The lots are surplus to the vendor’s requirements, so purchasers have the rare opportunity to acquire one, two, three or all four of these lots.

“The level sites are offered to the market with freehold titles and full services, making them ready to build on now.

“With a limited supply of industrial land in Hobsonville, these sites won’t be on the market for long, so developers and owner-occupiers won’t want to delay.”

Hooper says the properties are part of a quality industrial estate master-planned by established developers Jomac Property. The subdivision adjoins another business estate developed by Neil Group.

Together, the Jomac and Neil estates comprise an area of 70ha, predominantly tailored to light industrial and commercial users.

“With developments complete or under construction, the pedigree of occupiers in the area is clear to see,” Hooper says.

“Among the major occupiers is powertool maker Makita, whose national head office and distribution centre is located nearby on Westpoint Dr.

“Other significant occupiers include wholesale food distributors Bidvest and Sherratt, National Mini Storage, SPCA and Hilton Brown Swimming.”

Warby says the properties for sale are zoned Business Light Industry, which allows for a range of industrial activities that do not generate objectionable odour, dust or noise emissions.

“Permitted activities include light manufacturing, production, logistics, storage, transport and distribution,” he says.

“The zoning also allows for development of up to 20m in height.”

Warby says the properties comprise two smaller lots and two larger lots that could be subdivided in future.

The smaller lots are 25 Westpoint Drive (2698sq m) and 27 Westpoint Drive (2582sq m), while the larger lots are 29 Westpoint Drive (7257sq m) and 33 Westpoint Drive (7862sq m).

Three of the lots have street frontage, while 27 Westpoint Drive is accessed via a right of way.

All of the properties aside from 25 Westpoint Drive back onto the Upper Harbour Highway (State Highway 18), giving them substantial exposure to large volumes of passing traffic.

The SH18 interchange at Brigham Creek Road is a short drive away, which makes the sites highly accessible.

Warby says SH18 forms part of the Western Ring Route, which links SH1 to the north and south via SH16 and SH20.

“The Western Ring Route is a key transport corridor that continues to benefit from massive government infrastructure investment,” he says.

“The completion of SH18, improvements to SH16, and recently opened Waterview Tunnel have made a huge impact on the flow of goods and people around the Auckland region and beyond.”

Finnegan says Auckland’s northwest has long been considered an ideal location for the city’s growth.

“Located about 20km from the CBD, the area has unparalleled connectivity to the rest of Auckland. This has brought substantial investment into the area.

“As an attractive location on the edge of the city’s rural-urban boundary, the northwest will offer lifestyle, recreation, housing and transport connections to more than 20,000 residents and 10,000 employees by 2040.”

Hobsonville is poised to benefit greatly from this growth, with substantial residential development taking place nearby on 167ha of former Defence Force land at Hobsonville Point.

The Hobsonville Land Company, a wholly owned subsidiary of Housing New Zealand, is leading development of the new suburb.

“About 2,770 residents already live in Hobsonville Point, with 1500 dwellings having been completed or under construction,” says Finnegan.

“Once completed, the new suburb is expected to house more than 10,000 residents in 4500 homes.

“The success of Hobsonville Point has spurred on private development of nearby landholdings, including new residential areas and the industrial estates off Hobsonville Road.”

The properties for sale are less than 4km from Westgate – an emerging metropolitan centre that is set to become the heart of the northwest.

“Once completed, Westgate will cover an area of 56ha, have created 10,000 new jobs, and house 4000 new residents.”

Other nearby growth areas include Red Hills, where 6500 new homes are planned, and Whenuapai, which is expected to have some 5000 new homes.

Finnegan says planning for essential infrastructure across the northwest has ramped up since the Auckland Unitary Plan was finalised last October.

“The development potential of the area is set to be unlocked through effective urban planning, supply of water, stormwater and wastewater solutions, and roading networks to handle the increased volumes of residents and workers,” he says.