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.
“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.”