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Modern building available in tightly held North Shore industrial precinct

Modern building available in tightly held North Shore industrial precinct

An architecturally designed building with a market-leading tenant in an established industrial subdivision on the North Shore is being brought to the market for sale for the first time since construction.

15 Canaveral Drive in Albany is a highly functional 1,413sq m property with office and warehouse facilities situated on a flat 2,002sq m freehold site in the Interplex Business Park, which is strategically positioned between notable throughfares Rosedale Road and Constellation Drive.

The current tenant has occupied the building for more than a decade and their lease has a final expiry in October 2023.

A market review means the net annual rental income will increase to $282,382 plus GST from 1 November 2021, up from $268,935 plus GST. With the lease expiring in approximately two years, owner-occupiers and investors will be able to explore this highly attractive opportunity.

Colliers Directors Jimmy O’Brien and Matt Prentice have been exclusively appointed to market the property by deadline private treaty, closing at 4pm on Tuesday 7 September, unless sold prior.

The building, originally constructed in 2004, comprises a clear span 1,001sq m warehouse with a stud height of 7m, which includes a 38sq m security store. Access to the warehouse is gained through two roller doors. There is also a 152sq m canopy.

The warehouse has been constructed with reinforced concrete floors and foundations with full height pre-cast concrete panel walls, while a steel portal frame supports the long run iron roof.

The office space spans two levels at the southern end of the warehouse facing the street with the ground floor office, which includes storage areas and a showroom, measuring 187sq m, while the mezzanine office is 225sq m.

The front area is attractively landscaped and there are 20 marked carparks situated in front of both the offices and warehouse. The building has 44m of street frontage, providing significant road exposure.

O’Brien, Director at Colliers Auckland North, says this property shapes as an A grade industrial asset that is a must-see site.

“If you have been keeping an eye out for a unique industrial property near Mairangi Bay you will appreciate how rare this opportunity is,” O’Brien says.

“This building was developed to an incredibly high standard when the Interplex Business Park was constructed, and the property is in immaculate condition. It has the ability to serve multiple functions for the new owner.”

The Interplex Business Park was first developed in the late 1990s with a majority of the construction taking place from 2003 onwards.

Prentice, Industrial Sales and Leasing Director at Colliers, says the property is strategically positioned in a well-established area that enjoys strong demand from both investors and tenants.

“This site offers excellent access to the Northern Motorway and State Highway 18. Major road improvements currently underway as part of the Northern Corridor Improvements will mean less congestion and the travel time to the CBD will be about 15 minutes outside of peak hours,” Prentice says.

“This is a tightly held location featuring a diverse range of businesses in the area, including warehouse distribution, commercial offices, retail, entertainment, and restaurants.”

The property is zoned as Business - General Business Zone under the Auckland Unitary Plan. This zoning provides for business activities from light industrial to limited office, large format retail and trade suppliers.


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Jimmy O'Brien

General Manager | Director

Auckland North

Jimmy heads the Colliers North Shore team with a "lead from the front" approach. He specialises in both sales and leasing of commercial and Industrial Property, Now in his thirteenth year with  Colliers International he is constantly in the top 10 % of Colliers brokers.

A North Shore resident for over 40 years his local network and knowledge is extensive. Having come from a successful background of sales, marketing and manufacturing and a director of his own business for 20 years, Jimmy has built up a vast network of property developers, investors, architects, designers and corporate businesses both retail and commercial. With a broad knowledge as both a tenant and investor in the commercial property market his wide range of skills and extensive network will be an asset to any future clients.

Positions Held at Colliers:

March 2006: Industrial Broker

April 2008: Industrial Manager

July 2012: General Manager

February 2014: General Manager -Associate Director

June 2014: General Manager – Director

Through specialisation and a commitment to true team work, Jimmy and his team have sold property in excess of $1Billion and negotiated innumerable leases.

With a strong focus on finding property solutions for his clients, Jimmy has successfully represented AA Insurance, EasiYo Products, Sealegs, Johnson Controls, Electronic Navigation and Maxwell Marine to name a few.

Jimmy is consistently in the top 10% of Colliers brokers.

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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. 

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