"The property for sale here comprises a quality, well-apportioned warehouse with associated offices on a high-profile corner site. Low site coverage and a generous Industrial E zoning give the property abundant subdivision or redevelopment potential. This is an excellent opportunity for owner-occupiers, developers and add-value investors to acquire a versatile industrial property at a time of very low vacancy."
The property occupiers a high-profile, north-facing site on the corner of De Havilland Drive and Corbett Road — two major link roads in New Plymouth's primary industrial precinct.
"The property is superbly positioned on a prime site, only minutes from both the New Plymouth Airport and CBD," Carroll points out.
"The Bell Block area has gone through significant growth in the past few months, owing to the freeing up of industrial land on Connett Rd, the development of the Halliburton warehouse and the 11,000sq m storage facility development for ADM."
Constructed in 1995, the 725.3sq m building comprises a well-apportioned warehouse and two levels of modernised office space. The workshop is accessed via a 6m wide roller door from the expansive yard. It offers 457.2sq m of clear-span space with a stud height to the knee of 4.5m.
Meanwhile, the 268.1sq m office is accessed from the ground floor off the car park fronting De Havilland Drive.
The ground floor features an open plan reception and office area, storage room, two further offices, a staff room, three toilets, locker room and shower. The upper level has two large offices and a staff room.
The property is of quality, modern construction, with rolled steel joist columns and beams on a concrete floor plate. The walls are constructed of concrete blocks to 1.2m, with Colorsteel cladding throughout. Exterior office walls are clad in brick.
The property has 19 off-street car parks and a 3000sq m secure yard, of which 2200sq m is sealed and 800sq m is metalled.
The site is zoned Industrial E under the operative New Plymouth District Plan which is characterised by larger scale buildings, such as warehouses, with parking usually provided on-site. The maximum height is 10m, with 100 per cent site coverage allowed and no minimum lot size.
Carroll says Taranaki has a thriving economy on the back of its farming and petrochemical industries.
"Taranaki produces the lions' share of New Zealand's natural gas and the industry is supported by a range of manufacturing and engineering sectors throughout the region.
"Tourism is a quickly developing in the region on the back of its museums, nature walks, coastline and natural attractions. Taranaki has the highest GDP per capita in New Zealand, at $71,297. And just to top it off, Taranaki was recently rated the second-best region in the world by Lonely Planet — bolstering the tourism industry."
