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News Release

Auckland

Placemakers building for sale in Kopu's commercial precinct

A sizeable industrial building in Kopu's commerical precinct has come to the market offering investors the option to secure a highly visible and extremely well connected industrial investment.


 

 

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"Kopu has been unlocked following the road upgrade to State Highway 25, reinvigorating its commercial precinct and the gateway to the Coromandel Peninsular," says John Binning of JLL who is selling the investment via an expressions of interest campaign closing Wednesday 9th December 2015.

Located at 79 Kopu Road, Thames, the building is leased to Placemakers, New Zealand's leading and largest supplier of building materials and hardware, and produces an annual rental income of $250,000 plus GST. From 10 December 2015, the tenant will exercise its second right of renewal for a period of four years, with one right of renewal of four years remaining.

Further to the existing businesses in the area such as Mainfreight, IPS, a newly relocated Hunting and Fishing store and Bendon outlet store, the sites to the south and east of these properties are earmarked for retail development which will ultimately reinvigorate the whole area that services both the residential community and holiday traffic.

"The surrounding area is set to experience significant retail development in the short-term which will promote this position as a commercial precinct and give astute investors the opportunity to take advantage of the growth that is projected in the area", says Binning.​​

Binning adds, "The sites to the south and east of the industrial asset are proposed to be developed into a significant retail hub which allows the opportunity to capture any current retail spend leakage from the area complementing the existing retail offering in these interconnected urbanisations."

The building provides 2,000sqm of net lettable warehouse and office space which is well constructed and provides functional clear span warehousing, 2,330sqm of yard area and 25 car parks, on a large 5,668sqm site, subject to final measurement.

Binning comments on the proposed new retail and service centre development, "This development will provide much needed services to the local and wider areas of Kopu and the Thames districts. The complex will incorporate numerous retail tenancies, a petrol station, diesel truck stop and camper vehicle parking and benefit from the prime location that not only captures retail trade from the local community but also the holiday traffic into and around the Coromandel Peninsula".

Kopu, located on the border of the Hauraki district and the Thames district, is the gateway to the Coromandel Peninsular, New Zealand's most popular holiday destination. Experiencing on average, over 9,000 cars passing daily, the rejigging of the state highway through Kopu has allowed the area to properly maximise the volume of traffic that services the Coromandel.

Kopu is located 109km south-east of Auckland and 108km north of Tauranga at the gateway to the Coromandel. The subject property at 79 Kopu Road is situated adjacent to State Highway 25 and with 400m of State Highway 26. As a result the asset is highly visible and extremely well connected with these arterials linking this location with Auckland in the north-west, Tauranga in the south, and the greater Coromandel peninsula. The proposed future developments in the Kopu area have potential to be a trip generator, in which they will create additional site draw over and above the traffic counts currently being generated within the Thames area.