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Home / Property

Palmerston North Airport has engaged the services of Bayleys Real Estate.

By True Commercial
NZ Herald·
22 Jun, 2018 05:00 PM3 mins to read

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Two swathes of greenfield development land (marked in red) are for sale and lease beside Palmerston North Airport. Photo / Supplied

Two swathes of greenfield development land (marked in red) are for sale and lease beside Palmerston North Airport. Photo / Supplied

Palmerston North Airport has engaged the services of Bayleys Real Estate to manage the Commercialisation of Stage 1 land (Zones A & C) of Ruapehu Business Park.

Bayleys' Karl Cameron, who is selling the property, points out that it's located directly opposite the airport, bounded by Airport Dr and Railway Rd.

"Stage 1 is the first of a series of exciting new developments for Ruapehu Business Park," says Cameron.

"This stage has a land area of 6.5ha and includes freehold options, land lease and design build options to suit individual tenant requirements.

"Zone A, is less than one minute to the airport terminal and would be perfectly situated for hospitality (motel site); retail businesses (retail precinct)

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"It will no doubt attract buyers looking to locate to a vibrant environment to service the traffic travelling along Airport Dr, plus Airport users and local residents."

Cameron says the Park already includes Stage 1 of the new Massey University School of Aviation Training Facility.

Zone A sites range in size between 2000sq m and 5000sq m, with both freehold and leasehold options available.

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Zone C, is located on the corner of Airport Dr and Railway Rd, also less than one-minute to the airport terminal, and 10-minutes from Palmerston North CBD.

"This is an ideal site for light industrial businesses, including the agricultural sector, vehicle sales and the service industry, all of whom may be looking to locate themselves in a high profile area, adjacent to a busy traffic flow.

"Options for leasing include land only or land and building leases."

Meanwhile, two lots in Zone C have been placed on the market for sale, with tenders closing at 4pm on June 28.

A conceptual overlay plan for the site shows the two plots for sale are 2,720 and 2,900sq m, while the eight leasable plots range in size from 1,610sq m to 3,220sq m in Zone C.

The sections will be accessible from a small cul-de-sac coming off Airport Dr.

"As a virtual 'blank canvas' development opportunity, these parcels of land offer total flexibility from a design and build aspect, as well as affordability from their location on the periphery of Palmerston North's current urban boundaries," says Cameron.

The Ruapehu Business Park precinct is classified as airport zone under Palmerston North City Council's district plan. This allows for the building of airport support operations including freight and passengers; aviation, educational and training facilities, says Cameron.

"It also would allow aircraft maintenance and repair premises, retailing, warehousing, fuel supply outlets, food and beverage and hospitality entities, car parking and storage and air ambulance services."

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