Commercial -
Buyers have the chance to secure a stake in a cutting-edge new industrial hub with the added attraction of a guaranteed 5.5 percent net investment return for two years from settlement date.
Orient Innovation Park is a precinct where business, innovation and lifestyle collide in the commercial and industrial bastion of Te Rapa, in New Zealand’s fastest-growing city of Hamilton.
Offered for sale are a versatile combination of stylish live/work units with size options from some 310 to 412 square metres, premium showroom/warehouse units of 193 to 355 square metres, and a large two-level showroom/office unit of some 636 square metres.
The units will sit within six architecturally designed buildings being developed in phase one of the 16-hectare master-planned Orient Innovation Park.
Bayleys salesperson Mike Marinkovich says investors can buy any available unit with a two-year leaseback to the developer providing an immediate hassle-free 5.5 percent net annual return.
“Opportunity knocks for owner-occupiers too, to gain a position in Te Rapa’s most innovative industrial precinct, which is the future of smart, versatile workspace,” Marinkovich says.
The units at Lot 5, Orient Innovation Park, Te Wetini Drive, Te Rapa, are being marketed for sale through Marinkovich and Bayleys colleagues Geoff Wyatt, Jordan Metcalfe and Rebecca Bruce, with price on application.
Wyatt says all units optimise functionality, with a high-stud open-plan warehouse, six-metre electric roller door and three-phase power. Each has a ground-floor toilet, kitchenette, and mezzanine.
“This makes them ideal for trades, warehousing or distribution. Each unit offers an impressive 18 to 22-metre warehouse depth, providing plenty of space for large boats, motorhomes, cars or storage,” Wyatt says.
The dual-purpose live/work units incorporate a stylish north-facing apartment, with two spacious bedrooms, open-plan kitchen, dining and living areas, plus an expansive deck – ideal for unwinding after a productive day.
Metcalf says the design, with separate entrances to the living and working spaces, provides a point of difference enabling investors to lease the areas separately or owner-occupiers to move into one space with income from the other.
“The large showroom/office unit includes an open-plan ground-floor space which could house a golf-simulation business, with supporting plans available to new owners. This is also perfect for a spacious trade or retail showroom, complementing the upstairs office,” says Metcalfe.
Bruce says the units were designed and built to a high standard with concrete tilt-panel construction, ensuring high tenant appeal, low maintenance and long-term durability.
“This development caters to diverse business needs, whether you’re a growing enterprise seeking expansion, an importer or wholesaler needing top-tier distribution facilities, or a tradesperson on the hunt for a quality workshop,” Bruce says.
Two of the development’s 21 live/work units and four of the 20 warehouse units have already been sold and strong demand is expected for remaining properties. The properties are priced from $820,000 plus GST (if any) for warehouse units, from $1,290,000 plus GST (if any) for live/work spaces, and from $3,000,000 plus GST (if any) for the large commercial showroom/office unit.
“The time is ripe to be among the first to invest in Orient Innovation Park. This is more than a business park, it’s a future-proof chance to combine living, working and earning in one dynamic location,” Bruce says.
“Whether you’re an owner-occupier eyeing versatility or an investor seeking a secure, high-yielding asset, this is your chance to be part of the future of smart, multi-functional workspace.”
Another key advantage for investors and occupiers is the strategic location in one of Hamilton’s most desirable industrial precincts, with exceptional connectivity to main arterial routes and the Waikato Expressway network. This facilitates easy access across the “Golden Triangle” connecting Hamilton, Auckland and Tauranga, an area that is home to over half of New Zealand’s population and some two-thirds of recent population growth.
Zoned Industrial under Hamilton’s district plan, the highly visible Orient Innovation Park site is surrounded by industry leaders such as Mainfreight Warehousing, DHL, The Tool Shed, 4 Guys Autobarn, and a Z Service Station.
The Base, one of New Zealand’s largest retail centres with a plethora of amenity, is moments away.