Quarry Land for Sale Amid High Demand for Aggregate

14 November 2017

A large rural site west of Christchurch, zoned for quarrying, is on the market for the first time in nearly 50 years.

Savills is marketing the rectangular-shaped property, which covers over 490,000sq m of land on 10 titles at 552 West Coast Rd, for sale by tender closing on November 24. The land has been owned by the Carter Group since the early 1970s.

Savills Christchurch Managing Director Jonathan Lyttle says the site is likely to be snapped up, given the insatiable demand for aggregate for the Christchurch rebuild and the extension of both the northern and southern motorways.

The scarcity of land available for acquisition in Christchurch City Council’s Rural Quarry Zone is compounding the problem, he says.

“This land is an extremely rare commodity because of its size, location and zoning. Demand for aggregate is huge because of the rebuild, and the quarries operating at the moment are running out of reserves. Quarry operators are scrambling to secure more land to be able to meet projected future demand.

“This site is already consented and has a large section with mining permits. This means it will be very attractive to quarriers, as they can operate there as of right and it eliminates the need for a time-consuming and costly consenting process,” Lyttle says.

As an alternative to purchasing the entire site, the 10 titles are also for sale individually, which may appeal to smaller-sized quarry operators looking to enter the industry on a more accessible scale, he adds.

Located roughly mid-way between Yaldhurst and West Melton, the site is adjacent to other aggregate quarries including Fulton Hogan’s large operation. It is spread across 10 titles, currently used for grazing, with dual road access points to West Coast Rd and Kettlewell Dr.

“One of this site’s major advantages is its proximity to Christchurch. An industry report has found that the cost of aggregate doubles for every 30 kilometres it has to travel, so this site will be very attractive from that perspective,” says Lyttle.

Aggregate makes up 75 to 90 percent of all the concrete used in buildings, roads and other infrastructure. Over a dozen land-based gravel quarries are currently operating around Christchurch.

Learn more about Savills Sales and Investment services.

 
 

Key Contacts

Jonathan Lyttle

Jonathan Lyttle

Managing Director - Christchurch
Sales

Savills Christchurch

+64 (0) 21 535 995