- For Sale
If you act now we have an exceptional industrial development opportunity available.
With an asking price of $25m (plus GST) and possible funding of up to 66% secured on first mortgage provided at 5.95% per annum, this 49.6065 hectare parcel of industrial land represents long-term value. A subdivision plan has been drafted showing approximately 115 sites which is available to interested parties.
The subject property is located on the corner of Tararua Road and Arapaepae South Road (State Highway 57) and is a short distance to State Highway 1. The site is opposite the location for the planned Taraika residential development.
Other companies in the general area include OJI Fibre Solutions, Trayla Trailers, Higgins Contractors, VidaSpace, Levin Powdercoating, Sandblasting Services, Urban Group, Zippy Packaging, Freshpork NZ and Lattey Group Precast Concrete.
Levin is located approximately 90km from Wellington and 50km from Palmerston North.
The Levin industrial market is in growth mode with Transmission Gully due for completion in 2021 and the road from Otaki to Levin back on track positioning Levin closer and closer to Wellington effectively making Levin more and more attractive as an industrial distribution hub.
Having just sold a 4,000m² parcel of land @ $200 per square metre to an owner user, we are seeing increasing levels of enquiry and so subdivision land is at a premium.
93-93A Tararua Road and 162-182 Arapaepae South Road in Levin is a 49.6065 hectare parcel of industrial land that represents a large land holding with huge growth potential. Located within Levin’s growth commercial and residential sectors with land becoming a scarce commodity, this opportunity has a variety of options and offers long-term value to any potential purchaser.
Alternatively, as the site is in such a growth location with excellent facilities and transportation links, the vendor will consider building for major tenants.
Ref #: 20578062