A computer-generated image of Nikken Seil's business park,
opposite the Oamaru racecourse. Image supplied.
Developers behind a $3.5 million development that could
regenerate the north end of Oamaru hope local businesses can
start moving into new premises at a purpose-built business park
by the end of this year.
Work to develop 17 sites at the North Oamaru Business Park
began in October and real estate agent Tony Spivey sen said
the sites, which form stage 1 of the project to create
Oamaru's first business park, could be finished by the end of
Mr Spivey said once stage 1 was complete, businesses could
then apply for land titles. He added that there was already
considerable interest expressed from people intending to
locate business premises at the 22ha site, which occupies
land between State Highway 1 and the railway line, opposite
the Oamaru Racecourse.
''It's looking very good. Construction is under way, and
there have been quite a lot of inquiries already.
''After the completion on the construction [of Stage 1],
which is the end of April, once title is issued for each
individual site, building will commence and people who have
purchased sites will be able to commence building or
''I would hope that buildings will be on the property and
completed before the end of 2013,'' Mr Spivey said.
Lots cost anywhere from $82 to $155 per square metre for
premium locations in the business park, and the planned 17
sites could be expanded should there be enough demand for
The construction of future stages would also depend on
demand. Mr Spivey said the fact the business park, which was
intended to provide affordable greenfield commercial sites,
was well progressed was ''very, very positive'' news for the
region as a whole and for the north end of Oamaru in
''It's probably the best thing that has happened to North
Otago in many years, since the development of irrigation.''