An unrivalled opportunity to secure the land and buildings of an under-developed, high profile site perched on the main Pukekohe CBD ring road with exposure to three main arterial roads has become available for the first time in 25 years.
Located at 20-24 Stadium Drive, the approximate 4,910 sqm of prime land with four adjoining freehold titles houses a mix of warehousing, offices, showroom and storage space with over 152 metres of road frontage on Stadium Drive.
The favourable Business - Mixed Use zone, with its 18m height limit that provides significant flexibility for future business uses, including residential development, represents substantial future upside. Its western boundary adjoins the north island main trunk rail line, which sits well below the site in a valley position, with the Pukekohe Train Station only a 500m walk away.
This unique offering is expected to generate significant interest from a wide range of buyers.
Colliers has been exclusively appointed to market the property for sale by Deadline Private Treaty closing at 4pm Wednesday 2 June 2021, unless sold prior.
Josh Franklin, Colliers Director of Industrial who is selling the property alongside colleagues Ash Vincent and Josh Coburn, says the site’s scale, location, potential and short-term income stream make it a hugely attractive proposition for owner-occupiers, investors or developers.
“The building itself is well presented with excellent showroom area perfectly located with exposure to several arterials and in the heart of Pukekohe with functional modern warehouse space that will naturally attract a lot of interest from owner occupiers wanting to secure a prime location for their business.
“However, the four freehold titles zoned Business - Mixed use makes this a truly unique property that enables many future opportunities to add value buyers and developers.
“There is now an estimated rentable area of some 2,669 sqm, which excludes storage sheds of some 314 sqm, all situated on four adjoining freehold sites comprising a land area of some 4,910 sqm.
“The main buildings comprise ground and first floor office and showroom space with an accompanying 7.1 metre stud warehouse.
“The ground floor provides approximately 329 sqm of showroom space, 86 sqm of office space, 43 sqm of ‘parts’ space and 1,804 sqm of warehouse space.
“On level 1 there is approximately 187 sqm of showroom space, 176 sqm of office space and a small lunchroom.
“An additional benefit that this prime Pukekohe offering provides is the 314 sqm of storage sheds on the site positioned behind a fenced metal yard with space of approximately 700 sqm,” says Franklin.
Ash Vincent, Industrial Associate Director at Colliers notes, it’s hard not to miss this property given its unrivalled position and massive street frontage, which also provides readily accessible access points.
“Situated to the south-western side of Stadium Drive and on the eastern side of the railway immediately opposite Pukekohe Stadium, the western boundary adjoins the north island main trunk
rail line which sits well below the site in a valley position. The site is 700m to the train station and 500m to Pukekohe’s Town square.
“There are two main ingress and egress points with the southern road crossing from Stadium Drive providing access to the warehouse which has a double width roller door.
“Just to the north are further road crossings providing access to an open parking area for the offices. There is also a small grassed area at the front with the buildings set back approximately 11 metres from the footpath.
“And, to top it all off, there are some 17 open car parks available on site,” says Vincent.
Josh Coburn, Director of Colliers’ West Auckland office says the property provides ample benefits for developers to investigate their options, investors to secure new tenants upon lease expiries, or owner-occupiers to sell-up and move in.
“The property is zoned ‘Business - Mixed Use’ under the Auckland Unitary Plan typically located around centres and corridors with public transport and provides for residential activity and smaller scale commercial activity, including drive-through restaurants and food and beverage offerings.
“This highly desirable zoning affords the new owner the potential to explore a raft of options that could add significant value.”
“Developers should be especially interested in the size of the freehold land and the low site coverage statistics given the surrounding area and the growth expected in Pukekohe,” says Coburn.
20-24 Stadium Drive is accompanied by a wide range of private, public and recreational services nearby including the Pukekohe District Court to the north, Pukekohe Stadium to the north-east and convenience retail to the south with both Pukekohe Highschool & Intermediate within 1km of the site.
Neighbouring commercial development continues into and around King Street which is the main traditional strip shopping retail centre of Pukekohe on the western side of the railway. Additional commercial development extends along Manukau Road through to the Counties Racecourse.
Identified as a priority satellite town within the Auckland Plan Development Strategy, Pukekohe will play a strategic part in Auckland’s future growth.
Pukekohe is a satellite town of the wider Auckland isthmus and has traditionally been a strong horticultural, agricultural and equine community with an active commercial district.
It is anticipated that the population of Pukekohe will more than double by 2040 to around 50,000 people by 2040.
“All of these factors combine to make an unrivalled purchasing opportunity that prospective purchasers should not delay in investigating,” says Coburn.