Te Rapa Gateway sites snapped up
Over 60 per cent of stage one and two of new industrial park Te Rapa Gateway has been sold.
Michael Clark, sales and marketing manager for Chalmers Properties, which is developing the project, confirms that businesses setting up so far include Bidfood, Normans Transport, Hynds Pipe Systems, Viridian Glass and the New Zealand Fire Service.
Michael says that the remaining individual sites still for sale can be combined to c reate larger or custom sized parcels of land if purchasers require.
Chalmers Properties is also offering leases of a variety of architecturally designed office/warehouse units.
At 680 Arthur Porter Drive there are six two level units of two configurations – a 409sqm warehouse with two level office of 90sqm and a 600sqm warehouse with two level office of 95sqm.
Both offer a six metre high stud and are constructed from concrete tilt panel with glass facades.
Chalmers Properties is also offering two larger units at 520 and 560 Arthur Porter Drive. These are due for completion in March and will offer around 1100sqm of warehouse space with 230sqm of offices and a 9 metre high stud.
Michael says the units will all provide flexibility so that they are suitable for a variety of tenants. He says there has been strong interest from building related businesses and one of the smaller units has already been leased to an electrical company.
Michael says location is key when it comes to Te Rapa Gateway and a major factor in businesses choosing to locate there.
Located next to State Highway 1 in an area zoned Rotokauri Industrial under the Hamilton City Council’s district plan, Te Rapa Gateway is located within what Michael refers to as “the golden triangle”– within 10 kilometres of Hamilton’s CBD,
an hour and quarter from Auckland and under an hour and a half’s drive from Port of Tauranga.
He says proposed bus and rail links close to the industrial park along with the Rotokauri planned urban area on the opposite side of the expressway, will provide potential future customers as well as a readily accessibly workforce for businesses moving to Te Rapa Gateway.
With the expressway from Hamilton to Auckland due for completion by 2020 there will be more direct access between these two cities, he says.
Te Rapa Gateway is being developed by Chalmers Properties Ltd’s subsidiary Te Rapa Gateway Limited. The 60ha subdivision is being developed in five stages with stage one and two, which are already complete, comprising 23ha offering 53 sites.
Michael says that Te Rapa Gateway has been engineered to a high spec and that this means purchasers can be assured the sites are ready to build on.
The development includes ultrafast broadband and 11kV of power along with prepaid Hamilton City Council development contributions up to 30 per cent of the gross floor area. Michael says there are strong covenants in place to ensure only a good mix of high quality businesses will operate in the park, protecting the value of the property.
Although sites can be purchased lease options are also available with Chalmers Properties Ltd working with clients to custom design and build premises.