Rare land site in East Tamaki industrial area
Aerial view of bare Business 5 land site at 27 Accent Drive, East Tamaki.
A strategically located block of bare land of just under 8000 sq m in East Tamaki is being marketed as offering a wide range of development options for the next owner.
The 7952 sq m corner site at 27 Accent Drive, just off Te Irirangi Drive, is among more than 30 properties featured for sale in Bayleys’ latest Greater Auckland commercial and industrial property portfolio.
“It’s in a sought after location where land is tightly held and changes hands very infrequently,” says Mike Adams of Bayleys Auckland who, with colleague Clint Barber and Dave Stanley of Bayleys South Auckland, is selling it by tender closing September 24 unless it sells earlier by negotiation.
“The vendor bought the land intending to build business premises but is now selling because of priorities elsewhere,” Adams says.
He says the near level site benefits from dual street access with a substantial 80 metres of frontage to Accent Drive and 36 metres to Beale Place. He says the land is well positioned between a cluster of large, modern light industrial properties and the Te Irirangi Drive area which is a block away.
“On the opposite side of Beale Pace are two other vacant sites for which plans have been drawn up for the development of an auto hub. Close by on Te Irirangi Drive is an Andrew Simms Motors dealership recently developed on Panasonic’s former premises and a Mitre 10 Mega store,” says Adams.
“The site could therefore lend itself to the development of auto premises or could suit one or more light industrial users. It presents an opportunity for either a developer or an owner occupier looking to position themselves among high profile business brands in a strong location.”
Other occupants nearby include Vitaco, Hafele NZ Limited, National Glass, Fyran Boats and the Eastside Business Park.
Adams says there is good access and visibility to 27 Accent Drive from the controlled intersection of Te Irirangi Drive and Accent Drive. Accent Drives carries east to west traffic and is used by commuters working in East Tamaki or further out in Highbrook and beyond. The Te Irirangi Drive arterial carries more than 30,000 vehicles a day on average between the eastern suburbs and Manukau and on to the airport.
Stanley says the property is located in a high growth area which is benefitting from the continuing development of residential areas such as Botany, Dannemora and Flat Bush and the growing business hub of East Tamaki and Highbrook.
“East Tamaki’s business district is one of the country’s largest commercial and industrial centres, with more than 2.1 million sq m of commercial floor space. The area has excellent transport links providing easy access to state highway networks and has experienced significant, steady growth with a resultant growing pressure on land supply.
“It services a wide sprawl of residential areas which are getting bigger by the day, particularly now that the development of Flat Bush – located just over two kilometres away – is taking shape which will add an additional 40,000 residents to the area. A good portion of the large residential catchment has above average income which is reflected in the upper decile ratings of its schools.”
The Accent Drive property, which is currently zoned Business 5 and will be zoned Light Industry under the Proposed Auckland Unitary Plan, has a Capital Valuation for rating purposes of $3,800,000.
From left to right: Mike Adams, Clint Barber and Dave Stanley of Bayleys.