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Picture the quality on offer in North Harbour

Picture the quality on offer in North Harbour

The land and buildings of a prominent freehold site with a national-brand tenant in a popular North Harbour industrial precinct presents a unique opportunity for buyers looking for high-quality assets with long-term upside.

2C William Pickering Drive in Albany is a 3,895sq m property comprising a modern warehouse, offices, showroom, and canopy, with 60 car parks on a 5,580sq m corner site that has excellent access to the surrounding transport links.

FUJIFILM New Zealand Pty Ltd, a leading force in the distribution of imaging equipment and services to the photographic, medical, and graphic systems markets, recently signed a new six-year lease for the premises beginning this month that provides a total net rental income of $619,113 plus GST per annum.

The lease has a final expiry of August 2027 and provides market reviews on 20 August in 2022, 2024 and 2026. The rear portion of the first-floor office space is configured as a separate tenancy and is sub-leased to international tenant Heidelberg.

Colliers Directors Jimmy O’Brien and Matt Prentice have been exclusively appointed to market the property for sale by deadline private treaty closing Tuesday 14 September, unless sold prior.

Originally constructed in 1994, the warehouse was extended in 2007, while the offices were upgraded five years later. This is the first time the property, which is fully-sprinklered and has an A grade seismic rating, has been placed on the market in 22 years.

The 3,895sq m building comprises a 1708sq m warehouse, 371sq m warehouse extension, 835sq m of ground-floor office space, 466sq m of first-floor office space, 72sq m of mezzanine and 125sq m of canopy; Heidelberg sub-lease 317 sq m of first-floor office space.

O’Brien, Director at Colliers Auckland North, says the highly functional building features modern offices with a spacious warehouse that has a stud height of 6m at the knee, rising to 7m at the apex.

“The vendors have meticulously maintained the property during the past two decades and it is immaculate in its presentation. The warehouse has two canopy-covered roller doors allowing good flow and truck access to the site,” O’Brien says.

“With a generous 60 onsite car parks and dual entrances from both Bush Road and William Pickering Drive, parking and traffic flow is a breeze. Investors should not miss this opportunity to own arguably one of the best Industrial buildings on the North Shore.”

Prentice, Industrial Sales and Leasing Director at Colliers, says the high-profile corner site is strategically located in a busy part of North Harbour’s commercial sector.

“This area is very popular for progressive companies due to the high standard of surrounding developments, a quality working environment, and access to transport links. There’s also a number of affluent suburbs close by,” Prentice says.

“William Pickering Drive is one of North Harbour’s main arterial routes, while it also benefits from excellent access to the Northern Motorway. Takapuna is only 10 minutes away, while to the north, Albany’s main commercial precinct can be reached in five minutes.”

The property is zoned as Business - Light Industry Zone under the Auckland Unitary Plan. This zoning anticipates industrial activities that do not generate objectionable odour, dust or noise. This includes manufacturing, production, logistics, storage, transport and distribution activities.


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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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