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New warehouse in fast-growing Drury tipped to attract big national occupiers

A brand-new warehouse facility on the market in one of Auckland’s fastest-growing industrial subdivisions is expected to attract the attention of big-name national occupiers.

The more than 1,660-square-metre industrial property for sale or lease on Bill Stevenson Drive, in the South Auckland growth hotspot of Drury, offers a highly functional combination of high-stud warehouse, modern offices and parking areas that will heighten its appeal to major business users.

Positioned in the heart of what is expected to become one of Auckland’s premier industrial precincts, it is surrounded by premises housing high-calibre operators such as Cardinal Logistics, Plumbing World and Calder Stewart with others such as Bunnings and Mitre 10 also committed to the area.

Designed and constructed by leading commercial and industrial builder Euroclass, the new ‘spec build’ warehouse facility is now up for sale or lease with vacant possession. The site has an assessed market rental of $288,660 net per annum.

With a severe lack of quality industrial property on the market, it is seen as a prime opportunity for occupiers and investors to position themselves among industry giants in a strategic growth area.

The freehold property at 4A Bill Stevenson Drive, Drury, Auckland, is being marketed for sale or lease by negotiation through Roman van Uden and Tom Doyle of Bayleys South Auckland.

The approximately 1,255-square-metre building constructed with full-height concrete panel walls sits on some 1,660 square metres of fee simple land with 12 car parks.

At the heart of the property is a high-stud, clear-span warehouse of some 1,000 square metres, which is accessible via a 5.8-metre-wide roller door. This opens to an approximately 120-square-metre canopy. The warehouse is complemented by 255 square metres of well-appointed offices over two levels at the front and right side of the property.

Van Uden said the site’s Business – Light Industry zoning under the Auckland Unitary Plan allowed for wide-ranging activities such as manufacturing, production, logistics, storage, transport and distribution, provided they do not generate objectionable odour, dust or noise.

“The property for sale or lease sits in the heart of Drury South Crossing, a 361-hectare master-planned industrial, commercial and residential project taking shape in one of the Auckland region’s fastest growing locations.

“Positioned beside the Southern Motorway around 40 minutes south of Auckland’s city centre, this project is a key element supporting unprecedented expansion in and around the town of Drury,” said van Uden.

Doyle said convenient access to and from the new industrial facility at 4A Bill Stevenson Drive was underpinned by its position within minutes of a State Highway 1 interchange providing easy connections to Auckland’s CBD and airport and down to Hamilton.

“Any business at Drury South Crossing will sit at the top of New Zealand’s so-called Golden Triangle, between the coastal ports of Auckland and Tauranga and the inland ports being developed in Hamilton and Auckland.

“It’s the perfect staging point that sits on the doorstep of an area that’s home to 60 percent of the North Island’s population and more than half of the country’s GDP,” Doyle said.

The property at 4A Bill Stevenson Drive was developed by the vendor, NZPM Properties, which also developed and occupies the adjacent site.

NZPM’s Chief Financial Officer, Brett Cruickshank, said the business acted in anticipation of Drury’s massive growth.

“We knew as a business we needed to invest in the area to service the further housing expansion and the business growth of our customers. Being one of the first businesses with their doors open gives us a strategic first-mover advantage, and the site for sale creates a new opportunity for another business to reap the benefits,” he said.

Once fully operational, Drury South Crossing will reduce an anticipated 950-hectare South Auckland shortfall in industrial land by up to a quarter, according to developer the Stevenson Group. The project has been forecast to contribute $780 million a year to regional GDP and facilitate flow-on annual GDP benefits of $2.3 billion.

Click here for more information on the listing.

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