Big industrial land block for sale in Pokeno

2:46 PM Tuesday March 1, 2016 Colin Taylor

Aerial view of 28 hectare land block for sale at 45 McDonald Rd, Pokeno.

A large parcel of industrial greenfields land is for sale south of Auckland just over the Bombay Hills in Pokeno. 

“With a shortage of industrial land in Auckland, values are at an all-time high and large industrial users are having to push further south, north or northwest to find vacant sites,” says Greg Goldfinch of Colliers International who, with colleague Todd Kuzmich and Bruce Catley and Tim Boyle of CBRE, is marketing 45 McDonald Rd for sale by negotiation.

The 28.05 ha block of undeveloped land is at the intersection of the State Highway One Auckland-Hamilton expressway and State Highway Two.

Goldfinch says it’s likely to appeal to companies seeking large industrial properties who have been “pushed out of” Auckland’s suburbs.

“This property sale presents the opportunity secure a large parcel of industrial land in a strategic location on the periphery of Auckland to occupy, subdivide or land bank with a long-term view,” he says.

A proposed two-staged development has been prepared for the site, which borders land owned by Hynds Group and the Dines Fulton Hogan Joint Venture. It also runs adjacent to the new Gateway Business Park industrial development.

“The development for 45 McDonald Rd would see the site subdivided into 13 lots, ranging in size from 8687 square metres to 4.31 hectares,” Goldfinch says.

“A significant amount of development work and infrastructure has been completed on the adjoining Gateway Business Park. There has also been extensive residential development close to the site, including Pokeno Village Estate and the Hitchen Block, for which demand has exceeded supply - a strong sign of an increasing need for business and industrial facilities in the area.”

Kuzmich says the most significant recent development in Pokeno was the opening last November of Yashili International’s $220 million and 30,000 sq m milk processing facility producing around 52,000 tonnes of milk formula annually.

“Yashili chose Pokeno because of its strategic location within the ‘golden triangle’ of Auckland, Hamilton and Tauranga. This plant is now likely to be a drawcard for other service industries and activities.”

He says the bulk of the site at 45 McDonald Rd is a large, sub-divisible block, with a small strip of land along the south eastern border, which wraps around the adjoining Hynds Group of land.

“There is the potential for a rail spur into the site, offering a rare chance to access the main trunk line, which would be the key use for this narrow strip of land.”

Kuzmich says the land is zoned Industrial 2 under the Waikato District Plan which provides for a wide range of industrial activity including manufacturing, processing, assembly and distribution, storage, freight and wholesale of goods, as well as hire centres, service stations and refuse transfer stations.

Catley says property is situated off the eastern end of McDonald Road, more to the south-eastern fringes of Pokeno Village. “It offers easy access to ports in Auckland and Tauranga and the Auckland Airport about 30 minutes’ drive away with the travel time to Hamilton set to be further reduced when the new Waikato Expressway is completed in 2019.”

Boyle says Pokeno is an area experiencing huge growth with the Waikato District Council expecting the population to triple by the mid-2000s.

“The Auckland housing bubble is likely to drive even more growth, with data from realestate.co.nz showing there was a 114 per cent jump in the number of Aucklanders using the website to search for Waikato properties during the mid-2014 to 2015 period.”

He says Pokeno was subject to a plan change which rezoned rural land surrounding the village into industrial, business and residential.

“The Pokeno Plan Change is well under way and includes 2000 residential sections to the north, a revitalised town centre, a centralised sports park and 80 hectares of industrial land.

“Large residential developments include the Pokeno Village Estate and Hitchen Block - an urban village in a rural setting comprising 400 hectares zoned for residential, employment and community uses.”

Greg, Todd, Bruce, Tim.jpg

(From left to right) Greg Goldfinch and Todd Kuzmich, of Colliers International, and Bruce Catley and Tim Boyle, of CBRE.