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High-profile warehouse in Henderson growth hub provides plenty of options

Highprofile warehouse in Henderson growth hub provides plenty of options

A large, versatile freehold industrial facility in West Auckland’s growth hub of Henderson is for sale with vacant possession, providing ample opportunities for owner occupiers looking for space in a low-vacancy market or savvy investors looking to add value and reap the rewards.

Located at 8 Te Pai Place, the property is well-located on what is known as the ‘through-road’ between Lincoln Road and Central Park Drive in the heart of Henderson’s industrial precinct and within 2kms of State Highway 16.

Comprising a mix of warehousing, offices, a showroom, and a cool store, the 3,184 sqm facility occupies a prime 6,070 sqm corner site with over 150m of road frontage spanning Te Pai Place and Waipareira Avenue.

Colliers have been exclusively appointed to market the property for sale by Deadline Private Treaty closing at 4pm Wednesday 26 May, unless sold prior.

Josh Coburn, Director of Colliers’ West Auckland office says the site’s scale, location and potential make it a hugely attractive proposition.

“On offer is a substantial industrial facility on a high-profile corner site in a growth location, with the benefit of vacant possession providing a blank canvas for the discerning buyer.

“The property consists of two integrated warehouses, which includes the original low-stud building that occupies much of the site, as well as a 384 sqm high-stud warehouse on the southern portion of the property.

“The rear warehouse benefits from being clear span with a stud height of 6.1m and has a motorized roller door that opens out to a securely fenced concrete yard.

“The main warehouse is 1,437 sqm with a stud height of 3.6m. It features suspended fluorescent lighting and is flanked by service rooms along the northern and eastern sides.

“At the western end of the building is a substantial open showroom with a sheltered entrance from the car park. The showroom is connected to administration facilities including a mix of open plan and partitioned offices, a computer server room, bathrooms, and a lunchroom.

“Desirable Business – Light Industry zoning allows for a range of industrial activities such as manufacturing, production, logistics, storage, transportation and distribution.

“Ample car parking of 75 spaces and access from both street frontages complete the package of a functional light industrial facility.”

West Auckland industrial specialist Amir Bashota says that vacant possession will appeal to a range of buyers.

“Large industrial sites with vacant possession are incredibly scarce across Auckland. Whether you’re a large-scale, light industrial occupier or a savvy investor, this opportunity is not to be overlooked.

“The property will suit owner-occupiers looking to pay borrowing costs rather than rent in a low interest rate market, while the appraised rental income of some $552,395 per annum in a low vacancy area will appeal to investors.

“The industrial vacancy rate in Henderson continued to fall throughout 2020 and is now at 1.6 per cent for prime assets, according to Colliers research.”

Industrial specialist Dhiru Patel notes that Henderson is popular with occupiers due to its connectivity and amenity.

“Located in the heart of West Auckland, Henderson is an attractive location due to its relatively central location and ease of access to other parts of Auckland.

“Being just minutes from the motorway, this property offers unrivalled connection to central, western and northern suburbs. While the nearby Waterview Tunnel provides ease of access to the south and Auckland Airport.

“Henderson is home to a number of cultural, recreational and educational facilities, alongside a wide array of retail amenity, which make it an attractive destination for current and future businesses.” Matt Prentice, Industrial Sales and Leasing Director at Colliers, says that the high-growth location provides options to add-value in the future.

“Henderson has been identified as one of ten key metropolitan areas in the Auckland Plan, which means it will continue to benefit from investment in infrastructure by the public and private sector.

“Panuku Development Auckland is leading the council’s regeneration project with extensive development expected over the next 30 years including plans to develop several of their owned sites in the area.

“With this growth in mind, availability with vacant possession provides significant upside for the new owner to explore.”


Related Experts

Josh Coburn

Director | Site Sales

Auckland West

Tenacious, personable and driven, Josh Coburn draws on 16 years' experience in New Zealand's property sector in his role as Director of Site Sales at Colliers International. His key focus and passion are delivering quality development opportunities to the market and acting as a partner in the development process to see projects come to fruition.

Futhermore, Josh is the General Manager of Collier's West Auckland Business, overseeing 5 brokers in a rapidly emerging Metropolitan market.

Josh re-joined Colliers International in 2015 after four years working as the Development Manager for Haydn & Rollett Construction - a role in which he focused on development of commercial and industrial properties joint ventures, and commercial-scale residential opportunities.

View expert

Amir Bashota

Broker

Auckland West

Amir has recently joined Colliers after 2.5 years at James Group. Originally establishing the foundations of his career with one of Auckland’s top residential property agencies, Amir has now stamped his name on the Commercial & Industrial property industry in West Auckland. Amir offers a fresh and modern approach to real estate.

Amir prides himself on his ability to build quality, long-lasting relationships - fostered by many years of sales and promotional work experience. Integrity is one of Amir’s top qualities further evident in his communications, relationships and testimonials.

View expert

Dhiru Patel

Broker | Industrial

Auckland South

Dhiru began his early career as a Tax Consultant for KPMG Tax & Advisory services, following a Bachelor of Commerce from the University of Auckland. After two years at KPMG he returned to the University of Auckland to complete a Bachelor of Property and Valuation, where he found his real passion in property.


 

After a brief stint at Goodwin Property Management, he started with Colliers International in late 2011 as the Industrial Information and Systems Manager for the Highbrook-based Industrial division. In 2012 he we went on to be awarded the Colliers MVP for Team Support, for his work assisting the brokerage team in Highbrook.


 

In early 2014, Dhiru became an Industrial Sales and Leasing Broker; the position he currently occupies today. He specialises in his local area of West Auckland and his expertise lies in Brokerage: Predominately Industrial Sales and Leasing including Investment Sales, Tenant Representation and Land Sales.


 

Dhiru is a Sales and Leasing Industrial Broker who forms a crucial part of the Colliers International Industrial division in Highbrook, Auckland. His clients and colleagues alike, describe his energy and enthusiasm for work as a real asset, and a unique quality that sets him apart. Since joining Colliers 7 years ago, he has transacted a wide range of sales and leasing deals. Listed below are the more recent, notable transactions.

View expert

Matt Prentice

Director

Auckland North

Matt joined Colliers International in 2006 with a focus on mid to upper end industrial & investment transactions.  Specialising in tenanted investments, occupier representation through to vacant land / building sales on the North Shore, Matt was promoted to a North Shore Director in 2015.

In 2011 and 2012 Matt was awarded the "Golden Gavel" for Colliers New Zealand as the most successful auction sales broker across Colliers New Zealand. Matt has been the number one North Shore sales and leasing broker, 2011, 2012 and 2013.  In 2012, was a top 20 performer across Colliers New Zealand and has over $550 million of sales since joining colliers International.

In 2013, Matt was in the top 10 Highest Performing Brokers Nationwide and in 2014, he had a record year completing more than 50 transactions, and  finished in the top 10% of brokers in New Zealand.

In 2015, Matt completed over 60 transactions, more than any broker North of the Bridge, again finishing in the Top 20 brokers in New Zealand.

In 2016, Matt had a record year finishing top 10 in the country and was the top broker on the North Shore. 

View expert