Paraparaumu new-build industrial property

An opportunity to position a business within the evolving Bradford Street industrial precinct in Paraparaumu has been brought to the market, with a proposed new-build facility offering owner-occupiers and investors a turnkey solution in a location benefiting from direct access to the Kāpiti Expressway and strong profile to passing traffic.

Proposed 375sqm facility on a freehold site

The property at 38 Bradford Street comprises a proposed 375sqm commercial and industrial facility on a 778sqm freehold site. Incorporating warehouse, showroom, office and amenity space, the development can be delivered as designed or adapted to suit the requirements of an incoming owner or occupier.

Sale and leasing options provide flexibility

Available for sale or lease, the property provides flexibility for a broad range of occupiers, including trade suppliers, service businesses, showroom operators, distributors and light industrial users. For investors, the development carries an anticipated net rental return of approximately $102,000 plus GST per annum upon completion.

Experienced Wellington construction team

The project will be constructed by Aspec Wellington, a Wellington-based construction company with more than two decades' experience delivering commercial, industrial, education, residential and mixed-use developments across the region.

Paraparaumu property offered by tender

Bayleys Wellington Commercial brokers Simon Butler and Johnny Curtis are marketing the property for sale by tender, closing Wednesday 2 December.

Butler says the opportunity removes many of the hurdles typically associated with delivering a new-build commercial facility.

"Purchasers can secure a modern industrial premises without having to navigate the lengthy and often uncertain process of undertaking feasibility work, obtaining consents, managing design development and controlling construction costs themselves.

"Much of that groundwork has already been completed, allowing businesses to focus on securing premises that suit their future requirements."

Incoming occupiers can tailor the final layout

The ability to influence the final design before construction is completed is expected to be a major drawcard for occupiers seeking premises tailored to their operational requirements.

"While the proposed design presents an attractive and highly functional solution, there is still scope to tailor the layout and internal configuration. Whether the requirement is for additional office accommodation, showroom space, warehouse capacity or a different operational arrangement, there is flexibility to shape the building around the occupier's needs."

New-build size suits small and medium businesses

The scale of the proposed development is also likely to resonate with a segment of the market that often finds itself underserved by existing industrial stock.

"Opportunities of this size are highly sought after because they appeal to a wide cross-section of small to medium-sized businesses. The building offers sufficient scale to support growth while remaining well suited to smaller owner-occupiers seeking a permanent operational base,” says Butler.

Bradford Street industrial precinct gains momentum

Beyond the building itself, the surrounding precinct is rapidly establishing credentials as a strategic commercial destination for the wider Kāpiti Coast.

"Bradford Street is emerging as one of the Kāpiti Coast's most compelling industrial destinations. Hunting & Fishing is already operating successfully alongside the site, demonstrating confidence in the precinct and helping establish activity within the area,” says Curtis.

"The property also enjoys excellent frontage to Te Roto Drive and sits only minutes from the expressway, providing efficient connections throughout the Kāpiti Coast and wider Wellington region."

Completion targeted for mid-2027

With delivery targeted for May or June 2027, purchasers have the opportunity to secure a modern facility in a growing industrial location without taking on the responsibility of managing the development process themselves.