Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Ruapehu Business Park, Stage 1 commercialisation set to go

Media Release

25.6.2018


These two vast swathes of ‘greenfield’ development land immediately adjacent to Palmerston North Airport have been placed on the market for sale or lease to sustain what will be a new commercial sector for the city.


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.

The land is located directly across from the airport, on Airport Drive and Railway Road. Stage 1 is the first of a series of exciting new developments for Ruapehu Business Park.

Stage 1, with a land area of 6.5ha includes freehold options, land lease and design build options available to suit individual tenant requirements.

Zone A, less than one minute to the airport terminal, and is perfect for hospitality (motel site) and retail businesses (retail precinct) looking to locate to a vibrant environment to service the traffic travelling along Airport Drive, Airport users, and local residents.

The Park already includes Stage 1 of the new Massey University School of Aviation Training Facility. Zone A sites range in size between 2,000 square metres and 5,000 square metres with both freehold and leasehold options available. lease or sale.

Zone C, is located on the corner of Airport Drive and Railway Road, also less than 1 minute to the airport terminal, and 10 minutes from Palmerston North CBD. Zone C is an ideal site for light industrial businesses, including the agricultural sector, vehicle sales and the service industry, 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.



Two lots in Zone C have been placed on the market for sale by tender through Bayleys Palmerston North, with tenders closing at 4pm on June 28th, 2018. Salesperson Karl Cameron is managing the campaign.

A conceptual overlay plan for the site shows the two plots for sale are 2,720 and 2,900 square metres, while the eight leasable plots range in size from 1,610 square metres to 3,220 square metres in Zone C. The sections will be accessible from a small cul-de-sac coming off Airport Drive.

“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,” Mr Cameron said.

The Ruapehu Business Park precinct is classified as airport zone under Palmerston North City Council’s district plan. The classification allows for the building of airport support operations including freight and passengers; aviation, educational and training facilities; aircraft maintenance and repair premises; retailing; warehousing; fuel supply outlets; food and beverage and hospitality entities; car parking and storage; and air ambulance services.


ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Provincial Growth Fund: Backing Growth In Gore

“Today’s announcements are a $1.6 million investment towards the Maruawai precinct project, which involves the redevelopment of the Hokonui Moonshine Museum and creation of the Maruawai Heritage Centre...” More>>

ALSO:

Inflation: Cigarette Price Rise Offsets Cheaper Petrol

The consumers price index (CPI) rose 0.1 percent in the March 2019 quarter, due to higher prices for cigarettes, Stats NZ said today... In the year to March 2019, the inflation rate was 1.5 percent, down from 1.9 percent in the December 2018 year. More>>

ALSO:

Government Suppliers: MBIE Reinstates Fuji Xerox As A

The government has reinstated Fuji Xerox as a supplier despite an ongoing Serious Fraud Office investigation into accounting irregularities that led to losses of more than $300 million. More>>

ALSO:

PSI: Service Sector Growth At Lowest Level Since 2012

April 15 (BusinessDesk) - New Zealand’s services sector activity grew at its slowest pace in more than six years in March, potentially signalling a slowdown in the domestic economy. More>>

ALSO: