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News Release

Auckland

Developable land available in tightly held precinct


 

 

Significant piece of industrial land for sale /new-zealand/en-gb/news/848/significant-piece-of-industrial-land-for-saleChristchurchSignificant piece of industrial land for sale
Historic West Coast Hotel for sale/new-zealand/en-gb/news/849/historic-west-coast-hotel-for-saleChristchurchHistoric West Coast Hotel for sale

​​26 Jomac Place with skyline edited.jpg

JLL are exclusively marketing a large and fully serviced developable industrial site in Avondale on behalf of landlord/developer Jomac Property. Located in West Auckland’s key industrial precinct, the site is situated within a subdivision owned by Jomac Property on Jomac Place just off Rosebank Road, a key arterial route. 

“This site is located in a subdivision which represents the last piece of developable greenfield land in the Rosebank peninsular, an area that is going to be completely transformed by the development of the Waterview Tunnel,” says Luke McGill, industrial sales and leasing specialist at JLL. McGill is launching an expressions of interest marketing campaign on the site along with Sam Smith, JLL’s national director of Industrial sales and leasing. 

McGill says the 7,742sqm of fully serviced subdivided land is an ideal purchase for an investor or developer as it is likely this will be the last piece of land to be released on Jomac Place before the development of the surrounding sites commence. The new owner has the opportunity to construct a number of options on the site including logistics facilities, warehousing, office and ancillary buildings.

McGill brokered the lease of the adjacent site late last year between Jomac Property and Methven, an award winning and world renowned innovator of shower and tap wear, who are planning to build  5,500sqm of warehouse/office space on the 10,000sqm site expected to be completed early next year.  Jomac Property are developing a 2,200sqm warehouse adjacent to the subject site for Thorn Lighting, a  global supplier of both outdoor and indoor luminaires, who are planning to build scheduled for completion mid-2016. 

The land offering at 26 Jomac Place is surrounded by a number of other high-profile blue chip operators including Southern Spars, Bon Accord and Regal Beloit. 

“Avondale was previously considered an outlying industrial precinct, however upon the completion of the Waterview tunnel, Avondale will suddenly be extremely well connected to the North Shore and Auckland airport, which is likely to further strengthen the market perception of this industrial precinct,” adds Smith.  

The Avondale precinct is located in very close proximity to Auckland’s CBD and other arterial transport links. With the introduction of the Waterview connection, which is expected for late 2016, this location will be even more appealing to high profile businesses wanting to locate in a strategic hub. As the Waterview connection project has progressed, JLL have seen a significant increase in the level of interest in industrial property in Avondale triggering higher levels of market turnover.

According to JLL Research, vacancy in the Rosebank precinct sat at 5.6% in June 2013. Vacancy in the precinct has now fallen to 2.3%. Over the same period rents for industrial in the Auckland region have grown 16.4%. Smith says, “There is a huge amount of activity going on in west Auckland including the North West retail development at Wesgate and the construction of more than 5,000 residential houses over the next ten years which is set to intensify and transform an area that was previously farmland.”
The site is zoned Business Five under the Proposed Auckland Unitary Plan allowing for manufacturing, production, logistics, storage and distribution activities.