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Get in the fast lane on Carr Road

Get in the fast lane on Carr Road

The opportunity to purchase a tightly held industrial premises in the gentrifying suburb of Mt Roskill will appeal to a range of buyers given the strong development potential of the site.

The freehold site at 55 Carr Road is part of a well-serviced pocket of Auckland that is experiencing dynamic growth due to the changing landscape of the area.

There are two inter-connecting buildings on the 809sq m site, which are being utilised as an automotive repair shop, while there is a cell phone tower used by Vodafone in the north-eastern corner of the site providing an annual net rental of $15,402 on a lease that has a final expiry in March 2023.

This property can be purchased with vacant possession or with a leaseback with the mechanical workshop in place providing the new owner with short-term holding income.

Gawan Bakshi, Investment Sales Broker at Colliers, says the current owners have spent nearly 20 years running their family business from this prominent location.

“The vendor has been stunned with the level of change in Mt Roskill in the past two decades as the area has completely evolved right before their eyes,” Bakshi says.

“Sites with this much potential rarely come to the market in this part of Auckland.

“There’s a distinct lack of supply of industrial sites in Mt Roskill making this an incredibly attractive purchasing opportunity with long-term upside.”

The fee simple, regular shaped site has a significant street frontage to Carr Road of approximately 16.4m and a site depth of roughly 49m.

The site is zoned Business – Light Industry Zone under the Auckland Unitary Plan, which anticipates industrial activities with a wide range of potential uses, while buildings can be up to 20m high.

Ned Gow, Investment Sales Broker at Colliers, says this property will hold vast appeal to a wide range of buyers given it could be repurposed for manufacturing, production, logistics, storage, transport, or distribution activities based on its zoning.

“Carr Road is well connected to the State Highway 20 motorway network with the Hillsborough Road on-ramp going east and west only minutes away,” Gow says.

“Auckland’s CBD can be easily accessed from here or via a main arterial route in around 15 minutes. This site is also halfway between Auckland Airport and the CBD.

Gow says Carr Road is one of the busiest streets in Mt Roskill and is well serviced by the surrounding residential catchments, providing excellent exposure to local businesses.

“The area is in the hotspot of the ‘Last Mile’ distribution network for delivery services, providing another dimension to the future development opportunities for the site.”

Mt Roskill has undergone considerable change recently and has seen a transition from its traditional industrial roots to a more retail-driven presence.

Big box retailers Briscoes and Rebel Sport are located nearby at the repositioned 4 Carr Road, alongside Kreem Cafe, as part of a popular mixed-use development, which exemplifies the shift in the area.

Colliers has been exclusively appointed to market the property for sale by auction to be held at 11am on Wednesday 18 August, unless sold prior, at Colliers, HSBC Tower, Level 23, 188 Quay Street, Auckland.

“We expect there will be significant interest in this unique site and encourage prospective buyers to get in touch for an inspection to allow them to do their due diligence immediately to avoid disappointment,” Gow says.


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Gawan Bakshi

Broker | Investment Sales

Auckland

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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Ned Gow

Broker

Auckland

Ned forms part of the Colliers Investment Sales team operating out of the Auckland CBD office. His expertise range from his early experience in the industrial sector and current involvement in the commercial market. Ned specialises on Auckland’s competitive fringe market where he’s had major involvements in record setting transactions, selling over $100 million worth of property since starting in 2018.

 

Having an early passion for real estate, Ned completed a Bachelor of Property at The University of Auckland whilst working for another commercial real estate corporation. He clearly enjoys the grit of brokerage showing dedication and diligence through a highly enthusiastic attitude and hard work ethic.

 

Recent Sales:

55 Carr Road, $2,430,000 - $3,000m2 land rate

213 Ponsonby Road - $5,000,000

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92 Beachcroft Ave, Onehunga - $10,075,000

Hillcrest Development site - $4,500,000

29 Woodside Avenue,  Northcote - $3,150,000

Onehunga Mall Retail  - $1,250,000 - 4.64%

Industrial Portfolio – West & North Auckland - $4,500,000

568 Te Atatu Road, Te Atatu Peninsula - $1,600,000 – 4.84%

Unit 2, 19 Edwin Street, Mt Eden - $2,750,000

Unit C, 174 Marua Road, MT Wellington - $1,260,000

533 Mt Albert Road, Three Kings - $3,350,000

666 Dominion Road, Mt Eden - $3,050,000 – 4.7%

151 Onehunga Mall, Onehunga - $930,000 – 4.3%

231-233 Onehunga Mall - $930,000

Unit 21, 71 Jellicoe Road, Panmure - $800,000 – 5.89%

212 Jervois Road, Herne Bay - $1,950,000 - 4.07% yield

158 Onehunga Mall - $4,250,000

292 Onehunga Mall - 5.50%

300 Onehunga Mall - $1,720,000 - $2,700m² land rate

191 Onehunga Mall - $3,420,000 - 4.00%

75 Ellice Road, Wairau Valley - $2,900,000 - 5.80%

19 Busby Street, Blockhouse Bay - $1,445,000 - 5.82%

758 Dominion Road, Mt Eden - $1,227,000 - 5.79%

274 Dominion Road, Mt Eden - $2,625,000 - 4.00%

575-579 Sandringham Road - $1,800,000 - 4.00%

134 Onehunga Mall - $1,460,000

176 Dominion Road - $1,443,000

28-36 Wellesley Street - $1,250,000 - 5.44%

View expert