Interest levels in sites at the North Oamaru Business Park are still high, but haven’t translated in to any sales this year.
Of the 17 sites at the 22 hectare business park at Oamaru’s North End, seven sites have been sold with the last confirmed sale coming in mid-October.
Te Pari Products Ltd, currently based on Humber St, purchased three Waitaki District Council-owned sites worth a total of $1.5 million in April 2014.
The 4000sq m development includes a factory, warehouse and offices, and is to be constructed in two stages.
The company has sold its Humber St premises and is leasing it from its owners until construction work, which is yet to begin, is completed.
Oamaru firm AC Spivey Real Estate Ltd is promoting the sale of sites at the business park.
Agent Tony Spivey said, while there had been no recent sales, he was still fielding inquiries of interest on a regular basis.
“There is quite a lot of interest there; we just haven’t moved any more sites.”
He said the council still “had a few things to sort out” before construction work at the business park began.
Mr Spivey said the business park was an attractive option for businesses, particularly in the industrial sector, and that it had attracted interest from various businesses around the country but mostly from south of Oamaru.
“It seems to have come from across the board, but it’s mainly from the lower South Island.”
He expects there to be much more interest once construction is under way. Confirmation that a well-known and successful business such as Te Pari was moving in would also help promote the business park.
“With any luck, there should be building and development there sometime soon.”
Waitaki Mayor Gary Kircher echoed Mr Spivey’s sentiments.
“I think the big thing out there will be construction starting,” he said.
“We are processing three building consents at the moment and I think those people who have been a bit cynical about the whole thing will change their minds when they see some buildings going up.
“We are certainly aware of a number of other businesses that are looking at moving out there or relocating to Oamaru.”
Mr Kircher said some of the advantages the business park offered were the fact it was purpose built, and allowed business to face State Highway One, rather than be “down a back street”.
“It’s an ideal location and the relative cost reflects that.”
The site is being developed by Oamaru Land Holdings.
By Daniel Birchfield