Owner-occupiers and investors scoping modern industrial assets with scale to leverage ‘golden triangle’ locational advantages and regional connectivity, are the identified buyer market for a near-new property in the Hamilton Airport precinct.

The freehold land and building at 168 Ossie James Drive in the well-established Rukuhia industrial hub within the Titanium Park master-planned business park, part of the wider Hamilton Airport precinct, is for sale with vacant possession.

Occupying 5,508sqm land, there’s a total 2,573sqm of lettable space comprising 2,159sqm high-stud clear-span warehousing with multiple roller doors, along with 414sqm well-appointed modern office over two levels. The property has a generous 617sqm breezeway for all-weather devanning or storage, and the site has full drive-around access with two vehicle crossings and ample parking.

Built in 2023 to high specification by reputable design-build construction company Euroclass, the property was, until recently, occupied by water filtration company, Puretec.

It has strong profile and visibility to State Highway 21, and is close to southern links for State Highways 1 and 3 offering efficient connectivity across the upper North Island.

The Airport Business-zoned property is for sale by deadline private treaty closing 13th March, unless sold prior, through Scott Campbell, Rebecca Bruce and Greg Hall of Bayleys.

The firm’s national director industrial and logistics, Scott Campbell says the owner-occupier and tenant market for this size building is mobilising, driven by improving economic fundamentals and a shortage of prime stock in pivotal locations.

“In terms of industrial assets for large scale operators, it doesn’t get much better than this. It is arguably the best building in the sought-after Hamilton Airport precinct and any business looking to leverage connectivity either via the airport or the state highway network will recognise the dynamics of the location,” says Campbell.

“Owner-occupiers that have tentatively scoped a design-build will appreciate the value proposition here as they can effectively buy new without the extended lead-in and completion times of a purpose-built project.

“Euroclass is renowned for delivering market-relevant quality stock to the market and this building raises the bar on aesthetics and functionality.”

Rebecca Bruce, Bayleys Waikato, says the industrial market in Hamilton has remained strong throughout the more challenging economic conditions seen last year, with a real lack of prime space for owner-occupiers and investors.

“The investments sales’ sector has been particularly buoyant for quality investment stock,” she says.

“An investor prepared to source a tenant will have a great passive asset, while an owner-occupier wanting to consolidate a sizeable presence in this sought-after precinct will quickly realise how good this offering is.

“It would suit a would suit a wide range of businesses wanting an operation on the southern side of the city, including national freight and distribution or high-value goods storage companies. The very workable and flexible warehouse to office ratio and the exceptional yard capability all elevate this property in the current market.”

Businesses in the immediate area include Smiths, Armourguard, Trade Depot and Zero Fire.

Bruce says the broader airport precinct is a key industrial growth area for industrial property and Titanium Park has been carefully designed for effective and efficient traffic movements and to accommodate large vehicle access.