Multiple buildings with multiple options in coveted Mt Wellington

Multiple buildings with multiple options in coveted Mt Wellington  hero

A complex of four light industrial buildings is for sale in the popular central suburb of Mt Wellington, providing multiple options for owner-occupiers or investors looking to add value.

Located between Ellerslie and the fast-growing Lunn Avenue retail precinct, the property at 178 Marua Road provides a net lettable area of 1,568sq m on a well-positioned 2,258sq m freehold site.

The site’s flexible configuration and multiple buildings allow for separate tenancies or a staged redevelopment.

The largest three buildings are available with vacant possession while the fourth building is leased until January 2021, providing valuable holding income.

Colliers International has been exclusively appointed to market the property for sale by auction at 11am on Wednesday 12 August, unless it is sold earlier.

Hamish West, Director of Colliers International’s Industrial team, says owner-occupiers or investors could pursue a wide array of options.

“A new owner could choose to occupy some or all of the site; lease the property to one or more tenants; or carry out a staged redevelopment.

“Whatever your plan, the site’s location is sure to appeal. The property is positioned in a highly accessible pocket of light industrial development, nestled amid several popular residential and retail precincts.

“The site provides very good access to Auckland’s motorway network via State Highway 1 at the Ellerslie interchange and SH20 at the nearby suburb of Onehunga.

“It is within 10km of Auckland’s CBD and close to Auckland Airport, the Ports of Auckland and a wide labour pool catchment.

“The site occupies a road front position on Marua Road, which runs directly off Lunn Avenue. This is a booming retail precinct that is home to PlaceMakers, Mitre 10, New World, The Warehouse and numerous food and convenience retail outlets, including the new Stoneridge on Lunn retail complex.

“The property is close to Ellerslie, which is among Auckland’s most sought-after residential suburbs, and conveniently located near Sylvia Park, one of New Zealand’s largest shopping centres.

“The Sylvia Park and wider Mt Wellington areas have benefited from numerous office, retail and residential developments in recent years.

“The area also continues to benefit from significant central and local government investment as part of the Tāmaki transformation – one of New Zealand’s largest urban renewal projects.

“The programme includes a huge infrastructure transformation with new rail, road and bus interchanges at nearby Panmure, and ongoing construction of the AMETI Eastern Busway.”

Ben Cockram, Associate Director of Colliers International’s Industrial team, says the property for sale comprises a large main building with three smaller industrial buildings.

“The main building comprises two relatively long, medium stud portal frame bays. These provide a robust engineering and manufacturing space that has been well established for its current purposes over a long period.

“One of the bays incorporates staff amenities and administrative office accommodation of a simple standard over two levels.

“The attached, smaller rear wing of the building includes a two-bay section of similar nature to the main factory bays, together with a lower stud rear extension to one of those bays.

“These structures are configured to provide for potential multiple occupancies and one of the areas incorporates office amenities accommodation over two full levels.”

Gawan Bakshi, of Colliers International’s Auckland Investment Sales team, says the property provides a generous amount of yard space.

“The unbuilt areas of the site are fully paved with either concrete or asphalt and incorporate a reasonably generous provision of car parking together with access and manoeuvring space for potential container devanning.”

“The property’s Light Industry zoning provides for a wide range of industrial activities that do not produce objectionable odour, dust and noise emissions. Potential uses include manufacturing, logistics and distribution.

“With so many options, in such a great location, this is the perfect add-value investment or new location for your business.”


Related Experts

Hamish West

Director | Industrial

Auckland South

With more than twelve years of experience in the commercial and industrial property sector, Hamish has been involved in a significant number of industrial property projects in Auckland and across New Zealand. During this time he has been responsible for the sale of more than $1.4B worth of industrial assets, in addition to providing leasing and design build solutions totalling more than 660,000m² for a range of major local & international occupiers.

Career Success

Hamish has proven to be a consistent and highly effective broker and in 2012 & 2015 was awarded with the Colliers National MVP Award for Brokerage Excellence, and 2015 saw him achieve the ranking of 6th highest revenue earner in Colliers nationally.

Market Specialisation

Hamish specialises in the sale and leasing of high value assets in the South Auckland Property market and has been involved in many projects including:

  • Sale and leaseback transactions
  • Tenanted Investment sales
  • Receivership sales
  • Vacant possession sales
  • Development property sales
  • Land sales
  • Vacant building leasing
  • Design build leasing
  • Tenant property sourcing
  • Purchaser property sourcing

Hamish has done a significant portion of his work with both private clients and corporate clients including Goodman, PFI, Broadway Developments, Southborne Holdings, Stride, Kiwi Income, Auckland Airport, Norak Properties, JKGL Group, Samson Corporation, Southpark Corporation, Quadrant, Location Group, Argosy, Windward Properties, and Depot Investments to name a few.

Recent occupiers include Bunnings, GPC (Repco), GUD, Ricoh, Ideal Electrical, Crown, Sirva, Wedderburn, GEA Process Engineering, Delmaine, Siemens, Hydraulink, Verifone, Sistema, Tyco, Bunnings, Fletchers, PMA Global, Compac Sorting Equipment, and many other SME businesses.

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Ben Cockram

Associate Director | Industrial

Auckland South

I am an industrial broker focussing predominantly, but not exclusively, on industrial sales and leasing in the Penrose, Onehunga and Mt Wellington areas.
Since commencing brokerage in September 2014, I have been involved in 104 leasing transactions and 89 sales. Having leased and sold buildings of all sizes in Auckland I have vast experience in all areas of Auckland's industrial market. 

In 2018 I was made an Associate Director of Colliers International NZ. 

As of April 2020;

Total sales transactions - 96
Total sales value              -  $239,589,000

Total leasing transactions - 104
Total sqm leased                   -  111,544m²

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Gawan Bakshi

Broker | Investment Sales

Auckland CBD

Gawan is a solutions-focused and proactive member of the Colliers International Investment Sales team, based in Auckland CBD. He specialises in scouting and matching suitable investment opportunities for individual property owners, family trusts, high profile national property and retail groups. He is the area expert for Mount Roskill, Three Kings, Hillsborough, Onehunga, Mount Albert, and Sandringham with extensive knowledge and local information for each suburb.

Gawan’s Bachelors of Commerce and Bachelors of Property from University of Auckland have equipped him with the technical expertise required to identify the benefits and risks associated with each property and provide reliable and professional advice to his clients. He goes to length to ensure his clients have access to all the relevant information and are able to overcome challenges with his advice, before making a final decision.

Gawan’s thorough understanding of property investment and market conditions, paired with his proficient localised knowledge means he is able to discern every deal carefully on a case by case basis to achieve the best possible outcome for his clients.

Gawan speaks fluent Hindi and Punjabi and understands Gujurati and Urdu, making him an important member of the team with the ability to access and communicate with this growing market audience.

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