Ōtaki’s North Bank Stage Two now selling

As residential housing growth in the Wellington region pushes northwards and significant roading projects progress, demand for industrial land is also growing. Stage One of a new industrial business park in Ōtaki, the northernmost town on the Kāpiti Coast, is fully sold down, and land in Stage Two has now been released to the market.

The North Bank Business Park is accessed off Riverbank Road, Ōtaki, and offers seamless access to the Kāpiti Expressway for logistical transport efficiencies both north and south.

With the first stage fully committed, nine lots in Stage Two are now for sale, with the physical address being the newly created Ngāti Ngarongo Road, Ōtaki.

Lot sizes range from 790sqm-5,190sqm and titles are expected to be issued in the next month. The sites have a compacted hard-fill finish, and there’s fibre, power and stormwater connections to the boundaries.

Fraser Press and Simon Butler of Bayleys Wellington Commercial have been appointed by vendors Pritchard Group to sell the lots which are individually priced, starting at just $360,000 plus GST.

With Transmission Gully now fully operational and the Ōtaki to North of Levin (Ō2NL) Expressway scheduled for completion in 2029, accessibility and travel times around the lower North Island are being dramatically improved, adding to the appeal and viability of the North Bank industrial lots, says Press.

“Stage One is sold out and we have already closed deals on two lots within Stage Two for contractors involved in local roading projects to use as a base. This points to the robust demand for industrial land in the area and businesses are seeing definite value in the precinct.

“These bare sites are match-fit and ready to go, with customised design-build options with delayed settlements available for the right buyers. There’s flexibility across the subdivision for industrial businesses of all sizes from more modest to those with considerable scale.

“We encourage interested parties to talk to us and thrash out possible scenarios because there’s high interest already in these newly released lots.”

Press says Pritchard Group is a passionate and proactive family-led local business, with an established track record in industrial and other property development through various arms, including earthworks business Pritchard Civil.

“This is an experienced development team who know the Kāpiti Coast inside and out, and understand the dynamics at play in the local area.

“Meanwhile, Kāpiti Coast District Council is forging ahead with a number of core infrastructural projects to build resilience into Ōtaki’s framework, including new water reservoirs and upgrading wastewater systems. This gives additional confidence to buyers considering land in the town.

“Given that the supply of flat, industrial-zoned land in the broader Wellington region is constrained, we’re seeing owner-occupiers and investors looking seriously at Ōtaki as they recognise it’s a real growth node with tangible roading connectivity benefits, and they want a piece of the action.”