5 Spedding Road, Whenuapai, Waitakere

The golden goose

• 40,974sqm (more or less)
• Future Urban zoned land. Future zoning Business Light Industrial
• Resource Consented for 20,000sqm (more or less) of yard space
• 4,000sqm (more or less) established yard plus houses, returning net $205,739pa + GST
• Prioritised for infrastructure delivery as identified under the council's growth strategy including proposed rezoning of 2025+

First time on the market in more than 44 years, 5 Spedding Road is located within the centre of Auckland's next biggest industrial precinct. Whenuapai is the only greenfield growth area that's a direct expansion of Auckland's metropolitan limits and is located on the Western Ring Route, providing close access to SH16,18 and 1. The area is seeing significant residential development with the intention to deliver circa 20,000 homes over the next few decades.

Spedding Road is currently going through a designation for future roading upgrades making it a key arterial corridor connecting Fred Taylor Drive and Hobsonville Road. Further to this, 5 Spedding Road's frontage is set to more than double once the area is established as a major industrial corridor. The site is located two properties away from the live zoned Spedding Business Park and will benefit from future infrastructure upgrades. The Auckland council have recently brought forward the timing for rezoning 10-years earlier than previously indicated. Auckland Council have now signalled a new indicative timing of 2025+ as per the FDS.

Making this opportunity unique is a resource consent for 20,000sqm (more or less) of yard space providing many activities that make this site attractive to businesses, investors, and developers alike. Half the property is currently leased out returning $205,739pa +GST with a further 13,000sqm (more or less) of future yard space under the consent waiting to be utilised.

The ability to offset capital outlay while you wait for a zoning uplift is the golden goose that's seldom found and poised for upside.

The vendors are retiring, and this property is seriously for sale.