Bright future for Huntly

Bright future for Huntly

As conditions recovered through 2013, the industrial sector has benefited from increased confidence and a low interest rate environment. This momentum is set to continue into 2014 with scarcity of stock becoming a major issue for many buyers. 

Hamilton has seen the rapid development of Te Rapa as a prime location for industrial and commercial operators. It is no accident that this has coincided with the completion of a large section of the Waikato Expressway. Additionally, the pull of being closer to the growth of Auckland as well as the country's largest port, has added to the appeal of the north Hamilton development trend. 

This trend is expected to continue as NZTA works to complete the Waikato Expressway which will mean that locations such as Huntly will be well under an hour's drive from Auckland, making it a daily commute location. 

As a result, developers are focussed on reaching ever further north opening up several locations in the Waikato previously considered back waters. 

According to Statistics New Zealand, between 2011 and 2031, the city of Hamilton is forecast to grow by 40,000 people. This coincides with a dramatic increase in the population for Auckland of 230,000 between 2011 and 2021. 

An opportunity to take advantage of this continued growth has arisen, with Jones Lang LaSalle being appointed to market two Huntly properties, located on the eastern terrace of the Waikato River, number 2 and 6 Great South Road. 

Chris Harding, Commercial Sales and Investment Broker at Jones Lang LaSalle, who is marketing the property says, "The Waikato Expressway is a welcomed improvement to the town of Huntly. The property market in Waikato remains upbeat with the wider economic recovery and the confluence of these trends means a bright future for Huntly. "

The property, a previous concrete batching plant, has now been cleared and provides a vacant parcel of rural zoned land measuring an overall 11,502sqm. The site is bounded by the Waikato River to the west and residential and commercial buildings to the north and south.  The two properties have existing use rights and are located on the eastern side of State Highway 1 just to the North of Huntly Town Centre.

ENDS

© Scoop Media