Last lot in the block hits the market

4:39 PM Friday May 11, 2018 Paul Charman

The 1ha freehold property at 586 Oruarangi Rd will be auctioned on May 31. Photo / Supplied

A largely flat and sheltered development site offering excellent access to Auckland Airport has been placed on the market for sale.

The 1ha freehold property, 586 Oruarangi Rd, Mangere, is being marketed by CBRE and goes to auction at 11am on May 31.

CBRE’s director for industrial and logistics, Paul Steele, says the vacant property is the last remnant of a 5ha block previously put up for sale in Oruarangi Rd.

“This property will attract the interest because in an extremely tightly held market, it stands out as a prime location for industrial use,” says Steele.

“Due to a lack of supply of suitable land, owner-occupiers have been attracted to this business park from the wider South Auckland area including Wiri, St Johns, Mount Wellington and Penrose.

“It’s easy to see why this site is perfectly located for freight operations, offering as it does an uncongested route via Ihumatao Rd back to state highway 20A.”

Steele notes that future roading plans will connect Oruarangi Rd directly through into Auckland Airport-owned business park; The Landing.”

And he points out that in addition to being close to the airport, the site offers connections to key arterials linking to the motorway network.

“The Western Ring Route via the Waterview Tunnel provides a seamless route to the CBD in the north and also to Hamilton and Tauranga to the south. It’s also close to the Wiri Inland Port and the Metroport.”

Steele describes the property is a predominantly level, with drive-through access to both Te Tiki and Oruarangi Rds.

He says potential subdivision could create a single, or two facilities, both having excellent truck access.

“There’s ample opportunity for purchasers here. Existing plans cater for either one or two occupiers, with buildings of up to 6700sq m on the site.

“Alternatively, the purchaser could come up with their own designs and vision for the site.

“One thing is certain, whatever improvements are decided upon will form part of an existing high quality-built environment.”

Sistema’s 54,000sq m factory sits on the opposite side of Te Tiki Rd, with neighbouring tenants REM Systems and Top Tranz bordering the property.

Steele says the design of the adjacent properties would provide a purchaser to construct a roofed outdoor passage (breezeway), to protect their operations from the elements.

The Light Industry, Mangere Gateway sub-precinct B zone under the Auckland Unitary Plan, caters for wide range of activities.

“There’s a 15m height limit in place with the neighbouring new-builds showcasing the type and extent of property that the planning requirements will allow to be constructed, including manufacturing, production, logistics, storage, transport, distribution and yard operations,” says Steele.

CBRE national director – industrial & logistics, Claus Brewer, says lack of availability has limited sales of similar vacant land in the past few years.

“Hence a property such as this one, offering a blank canvass in a great location represents a great opportunity.

“Since the original sell-down of this lot in 2015 there have only been a handful of vacant industrial parcels transact in the market of this size at Mangere. The scarcity is underpinned by the well-established Airport and Mangere precincts,” says Brewer. “The ability to acquire bare land like this directly offers complete flexibility in respect of use, site coverage and the engagement of your preferred construction partner.”

Brewer says as the majority of greenfield opportunities that are offered to the market are only for lease, demand for freehold sites with the potential of the Oruarangi Rd property has never been greater.

“This applies to businesses or investors looking to secure a strategic site at a time when there is a real squeeze on supply of developable land in the Auckland market.