Huge strategic Wairau Valley site offers holding income plus potential

Huge strategic Wairau Valley site offers holding income plus potential

A large, strategically located Wairau Valley property with huge exposure to the busy main road is for sale with holding income and low site coverage, providing multiple options for owner-occupiers, developers and investors.

The 5,145sq m freehold property at 155 Wairau Road is situated less than 200m from the Tristram Avenue motorway interchange, in one of the most tightly held areas of Auckland’s North Shore.

It comprises a flat, regular-shaped site with a 1,936sq m structure that is predominantly a single-level warehouse, suitable for a variety of uses.

The low site coverage of only 37 per cent allows a new owner to explore redeveloping the site to add value or adapt to their future needs.

A short-term lease returns $468,586 in net annual rent with final expiry on 31 May 2022, providing holding income while a new owner looks to unlock the site’s potential.

Matt Prentice, Industrial Director at Collier International North Shore, says 155 Wairau Road is easily one of the most exciting offerings in the market this year.

“Strategically positioned metres from State Highway 1, this property provides an exceptional opportunity for an owner-occupier, developer or investor to secure a large piece of Wairau Road with enormous potential.

“The Wairau Valley area continues to experience very low vacancy and high demand from occupiers. It offers very high levels of amenity and accessibility, with Auckland’s CBD within a 15-minute drive in off-peak traffic.

“Wairau Road is one of the most sought-after locations anywhere in Auckland and with over 40,000 cars passing daily, the profile and potential will be hard to ignore.”

Colliers International is marketing the property for sale by auction at 11am on Wednesday 16 December, unless it is sold earlier.

Director Shoneet Chand says the property offers dual access and 50m of frontage to Wairau Road, maximising exposure to the busy locale.

“The substantial sealed yard provides 122 on-site car parks, while the site’s Business Light Zoning Industry zoning allows for retail uses, due to a zoning corridor overlay.

“This provides scope for a new owner to secure high-profile premises surrounded by a range of complementary businesses including Mercedes, Bunnings, Mitre 10, Pak'n Save, Tristram European, Harvey Norman, Nissan and Rebel Sport.”

“It is very rare for an opportunity of this calibre to be available in the North Shore market, making this a truly premier offering.”


Related Experts

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

Shoneet Chand

Director

Auckland North

Shoneet is a Director at Colliers International and specialises in Investment & Development Sales over $2m across the wider Auckland region. Over the past 10 years he has been one of the most successful investment sales brokers in Auckland with a track record of significant sales second to none. He has had considerable experience in dealing with international purchasers and has completed a number of deals with investors out of the Middle East, Asia and Europe.

Shoneet was the top broker in his market for both 2014 and 2015 & once again placed in the top 10 brokers nationwide for Colliers in 2016.

In 2017, he transacted over $250 million of property, did 73 deals and was ranked 2nd in New Zealand.

In 2018, he was a finalist in the Commercial & Industrial Salesperson of the Year category which is judged nationwide across all agencies and again was the top broker in his market, being involved in over $300m of unconditional sales.

In 2019 he was again ranked in the top 5 brokers nationwide for Colliers and was involved in over $300 million of settled sales in the calendar year. 

Notable Transactions Include;

  • 2-4 Fred Thomas Drive, Takapuna - $60,850,000
  • 33 Corinthian Drive, Albany - $50,500,000
  • 279-301 Lincoln Rd, Henderson – $38,000,000
  • Todd Industrial Park, Wellington - $33,000,000
  • 229 Dairy Flat Highway, Albany - $33,000,000
  • ANZ Centre, Albany - $27,340,000
  • The Warehouse, Albany - $26,400,000
  • 11 Coliseum Drive, Albany - $26,700,000
  • Farro Fresh/ASB, Constellation Drive - $25,500,000
  • 5 The Warehouse Way, Northcote - $19,000,000
  • Noel Leeming, Wairau Park - $19,000,000
  • 16 Dinning Road, Riverhead - $16,500,000
  • 151 Lincoln Road, Henderson - $15,250,000
  • Westpac Albany - $15,150,000
  • 7-21 Kawana Street, Northcote - $14,998,000
  • PlaceMakers, Albany - $14,000,000
  • 550 Te Irirangi Drive, East Tamaki - $14,200,000
  • 44 Arrenway Drive, Mairangi Bay - $13,117,116
View expert