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Rock solid investment opportunity near Whangārei with future development potential

Rock solid investment opportunity near Whangrei with future development potential

A large, sprawling property in a prominent location south of Whangārei represents a substantial development opportunity in one of New Zealand’s growth regions for buyers searching for a vast land holding with an existing onsite business.

Number 4 & 6 Loop Road, Otaika is a 29.5ha site located on the corner of the State Highway 1 and 15 roundabout, less than 5km south of Whangārei’s city centre, and has been partly used as a quarrying operation for nearly 50 years.

The current resource consent for quarrying at the property runs until March 2030 and the new buyer could continue to run the quarry or reposition the site for a variety of uses.

There is also a Northland Regional Council consent to undertake activities associated with a heavy machinery training centre, but the property is now surplus to requirements for the current owners.

Two freehold titles make up the property that includes a 104sq m relocated bungalow perched atop the hillside with commanding views of the Whangārei Harbour. Existing onsite infrastructure includes power, a tank-stored, roof-caught water supply, and a septic tank. The site is also secure and fenced with excellent access roads.

Colliers has been exclusively appointed to market the property for sale by deadline private treaty closing on Thursday 2 September, unless sold prior.

Nigel Ingham, Director at Colliers Whangārei, says sites of this scale with such convenient access to the motorway network rarely come to the market in the Northland region.

“There’s a huge demand for industrial land throughout Whangārei and the potential on offer here is sure to attract a range of buyers who are looking for opportunities to acquire a sizeable land holding that has long-term growth potential,” Ingham says.

“There aren’t many properties immediately south of Whangārei that provide such a dominant presence to State Highway 1 like this, along with an industrial land use consent in place.

“Road access to this site is excellent with 400m of frontage to State Highway 1 and provides a convenient location for traffic heading west connecting to Dargaville or north to Whangārei and beyond.”

Daniel Sloper, Broker at Colliers Whangārei, says materials from quarries are in high demand throughout Northland as the area continues to develop through central and local government investment.

“Quarrying needs to be carried out close to where materials will be used. This keeps transportation costs low and helps to minimise building costs and emissions in local communities. Otherwise, it costs around double for every 30km further away from its source,” Sloper says.

“Aggregates are fundamental to the lives of everyday New Zealanders. Without an ongoing supply of aggregates, the production of concrete and the development of buildings, roads, and infrastructure would come to a standstill.”

The property is zoned Rural Production Environment Zone, which encompasses a large area of the Whangārei district.

The purpose of this zoning is to sustainably manage the natural and physical resources of the rural area to protect, sustain and promote rural production activities, while enabling the rehabilitation of ecological and biodiversity values.

Data from Infometrics shows Northland was the country’s second-fastest growing region in the September 2020 quarter, with economic activity up 3 per cent.

Whangārei is the engine room of Northland’s economy, accounting for half the region’s GDP. It is New Zealand’s northernmost city, with a total population of 87,000 across the district, and is only two hours north of New Zealand’s economic hub, Auckland, which provides easy access to the country’s largest domestic market as well as a gateway to all international markets.

Access to international markets is also provided at Northport, the deep-water commercial port at Whangārei’s Marsden Point, which is only 25 minutes away. This is the northernmost multi-purpose port in New Zealand and the closest to most of New Zealand’s international markets.


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Nigel Ingham

Director | Whangarei

Whangārei

Nigel heads up Colliers NZ Northland business. He is a proud Northlander, it’s in his blood being a Ngāti Kahu and a descendant of Hone Wi Kaitaia.

Nigel joined Colliers in 1998, through his persistence and tenacity he quickly established himself as a key person in the market.

In 2003, Nigel was promoted and took on the responsibility of heading up the Colliers NZ, Auckland Industrial Business. He was instrumental in growing and developing the Colliers NZ Industrial business into the dominate agency that it is today.

In 2010 Nigel was promoted and relocated to China to take on the challenge to grow Colliers East China Industrial Business. At the time he started the team was positioned 5th in the market.  As well as learning to speak, read and write Chinese, under his leadership his team’s revenue compound annual growth rate was 57% and they became the dominate agency in East China.

In 2020 Nigel was offered the role to relocate to Northland to set-up and establish Colliers NZ Northland business and he jumped at the opportunity. Moved his family to Whangārei and launched the business Feb 2021.

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Daniel Sloper

Broker

Whangārei

Daniel Sloper is a Commercial Sales and Leasing Broker, based out of the Whangarei office, servicing the wider Northland region. As a  born and bread Whangarei local, Daniel brings a love of the region to his work and is passionate about contributing to driving economic growth and opportunity.  Daniel is focused  on the selling and leasing of Commercial property in Whangarei and the greater Northland region, including industrial, office and retail asset classes from Wellsford through to Kaitaia, including Dargaville, Kerikeri, Kaikohe, Paiha and everywhere in between.

 Prior to  becoming a Commercial Broker, Daniel had a career  in the Royal New Zealand Navy, where his service included providing  humanitarian aid to Vanuatu after Cyclone Pam in 2015 and other assignments throughout New Zealand and overseas.

He has since received a Bachelor of Business with a major in Property through Massey University and spent some time as a Property Valuer, based in Whangarei, giving him an excellent level of insight into property values accross the region. As part of his studies, he was awarded the prestigious Marcus Kitt Colliers Bursary, a scholarship dedicated to the memory of Marcus Kitt, a former Colliers Staff member, awarded to a promising business property student at Massey University. Colliers was delighted to welcome a former winner to the Colliers team, on Daniels joining.

Daniel is a relatable and a highly motivated individual, which has led to strong personal and professional, relationships with an abundance of vendors and landlords throughout the Northland region. A collaborative operator, Daniel can help connect your opportunity to other local, national and international clients via Colliers networks.

Daniel is a very passionate Northlander who has always shown a particular interest in property. In his spare time, he enjoys fishing, diving, rugby, in fact any type of sport, and spending quality time with his young family and friends.

To discuss your Northland commercial property opportunities, whether you're interested in buying, selling or leasing, contact Daniel today.

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