Miramar land, building for sale, near Sir Peter Jackson's film hub

The land and building at 134 Park Road, Miramar is up for sale.
SUPPLIED

The land and building at 134 Park Road, Miramar is up for sale.

A warehouse in Sir Peter Jackson territory could be a budding entrepreneur's portal into the capital's film industry.

The green, 743 square-metre building, and the site it sits on in Park Rd, Miramar, is up for sale.

It is directly across the road from Park Road Post Production, the Weta Group's creative hub that provides post production services to filmmakers globally.

The building's new owner could be mixing in high-profile film property circles, including rubbing shoulders with Sir ...
SUPPLIED

The building's new owner could be mixing in high-profile film property circles, including rubbing shoulders with Sir Peter Jackson.

Bayleys agent Andrew Smith said the property was already attracting investors and owner-occupiers who saw value in being located in the epicentre of Wellington's film industry.

READ MORE:
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The smaller scale owner-operators, and investors, should not assume existing forces within the film industry would snap it up to add to their portfolio, Smith said.

As at September 2015, the rateable value (RV) of the property was $710,000.
SUPPLIED

As at September 2015, the rateable value (RV) of the property was $710,000.

"The warehouse is not large enough to play a big part in the industry, but it would be ideal for costume designers, special effects people, set or prop designers, makeup artists or other creative types who provide services to the film sector.

"Many of the enquiries I've received have come from people aligned in some way with the film sector in a supporting actor role," he said.

"Thinking more broadly, it could be perfect for a commercial kitchen providing catering, microbrewery, or even a gym for people who work in the vicinity."

As at September 2015, the rateable value (RV) of the property was $710,000.

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The property was previously a retail store for a homewares business.

"The owner has now moved onto other projects and put the warehouse up for auction.

"Steering away from the film sector, the property could equally be suitable as a distribution point for an online business."

The building contains an open plan office, with a mezzanine storage area.

As it stands, the property is more than 70 per cent of new building standards (NBS).

Across the road, the Miramar Creative Centre will also open later this year, offering Masters' programmes in a collaboration between Victoria University and film industry partners associated with Weta Workshop, Weta Digital, Park Road Post Production and Miramar Creative.

It will be directed by Weta co-founder Jamie Selkirk, who won an Oscar for his work on the Lord of the Rings trilogy.

The centre would be high-tech, with green screens, motion capture and computer labs equipped with the same software being used in film production all over the world.

It would also provide spaces for study, recording and editing, displays and exhibitions with studios for film, music and design to be added over the coming months.

According to Statistics New Zealand, the country's film production revenue doubled in 2016 to more than $1 billion, thanks to a bounce back from Wellington's movie sector.

Total screen industry revenue had been stable at just over $3b for the last three years, however, last year there was a 15 per cent increase in revenue from businesses involved in production and post-production.

 - Stuff

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