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Premium industrial units offer chance to buy new in sought-after North Harbour estate

Premium industrial units offer chance to buy new in soughtafter North Harbour estate

Two brand-new premium quality industrial units have gone up for sale in the heart of one of Auckland’s most sought-after industrial precincts.

The units being constructed at 9 Paul Matthews Road, in the North Harbour industrial estate, are due for practical completion in January 2022.

The two units, with net lettable areas of 459sq m (Unit A) and 427sq m (Unit B), are being marketed for sale off plans through Colliers with asking prices of $2,649,000 and $2,342,118, plus GST (if any), respectively.

Matt Prentice, Industrial Sales and Leasing Director at Colliers, says each unit features an 8m high-stud, clear-span warehouse plus air-conditioned office and showroom areas, along with generous allocated car parking.

Excellent office/warehouse ratios, along with high-quality construction and a highly desirable location will ensure the properties are in strong demand, he says.

“These premium quality industrial units represent a rare opportunity to buy new in a precinct which has seen extremely low vacancy rates. We expect them to appeal strongly to both owner-occupiers and investors – with demand for such property reflected in the fact that Unit C in this development has already been spoken for.”

The two adjacent units for sale each incorporate an 87sq m office, 87sq m showroom and 28sq m canopy with a 5m-high electrically operated roller door.

Unit A offers a larger warehouse area of 285sq m and six car parks. A rental analysis has identified potential net annual rental earnings for this unit of $105,960 plus outgoings and GST.

The warehouse in Unit B is slightly smaller, at 253sq m, and the unit comes with five car parks. Its net rental earning potential is appraised at $99,540 plus outgoings and GST per annum.

Sam Sherning, Industrial Sales and Leasing Broker at Colliers, says the three-unit warehouse and office development at 9 Paul Matthews Road will be constructed with quality to the fore.

“The development incorporates reinforced concrete strip foundations, a concrete floor slab and structural steel columns and beams, along with Coloursteel long-run roofing and translucent roofing panels providing natural light in warehouse areas. Office spaces will be air-conditioned, with mechanical ventilation installed to amenity spaces.”

The site sits within a precinct zoned Business – Light Industry under the Auckland Unitary Plan, a zoning which supports the clustering and productive functioning of light industrial activities. Some retail uses are supported, including convenience retail to service the local working population, along with trade supplies and motor vehicle sales.

Sherning says the surrounding area includes a number of modern industrial properties. “The North Harbour industrial precinct has proven itself very popular for progressive companies due to the high standard of surrounding development, quality working environment, access to transport links and a number of affluent suburbs close by.

“The Albany commercial centre, home to the Albany Westfield, Massey University and a range of national-branded businesses, is approximately five minutes’ drive to the north.”

Shoneet Chand, Investment Sales Director at Colliers, says the Paul Matthews Road location is further supported by excellent transport links.

“The units for sale are located on the southern side of Paul Matthews Road, a main feeder road into the North Harbour industrial estate. At present, the road links up with Upper Harbour Highway to the east and Bush Road to the west.

“The site is some 1.6km from the Constellation Drive motorway interchange which provides access to State Highway 1 north and south. It is about 1.2km from Albany Highway, providing access to State Highway 18.

“Auckland’s central business district is within a 25-minute drive and Takapuna is approximately 15 minutes away under normal driving conditions.

“Given all of the benefits and popularity of these type of investments in such a sought-after location, we expect strong demand from owner-occupiers and investors,” says Chand.

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Matt Prentice


Auckland North

Matt joined Colliers International in 2006 with a focus on mid to upper end industrial & investment transactions.  Specializing 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 $600 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.

In 2017 Matt finished in the top 5 brokers in New Zealand, and completed over 70 transactions.

In 2018 he finished in the top 10 brokers in New Zealand and completed over 120 transactions. Matt was awarded the MVP of brokerage for Colliers International New Zealand.

In 2019 Matt finished in the top 5 brokers in New Zealand and achieved the “Golden Gavel” as the highest performing “Auction Broker”. Again, he completed over 100 transactions.

2020 was a record year, selling over $250 million of stock, with 99 deals in total for the year. Matt finished as the 4th highest performing broker in NZ.

Recent Transactions include:

  • 13 William Pickering Drive, North Harbour - $17,300,000

  • 7-19 Croftfield Lane, Wairau Valley - $17,280,000

  • 6 Canaveral Drive, Albany - $13,000,000

  • 44 Arrenway Drive, Albany - $15,300,000

  • 2c William Pickering Drive. North Harbour - confidential

  • 180-184 Target Road, Wairau Valley - $13,000,000

  • 71 Apollo Drive, Albany - $17,550,000

  • 124 Bush Road, North Harbour - $14,950,000

  • 229 Dairy Flat Highway, Albany - $33,000,000

  • 34-41 Poland Road, Wairau Valley - $15m circa

  • 1-11 Parkway Drive, Albany - $21,000,000

  • 44 Arrenway Drive, Albany - $15,300,000

  • 30 Apollo Drive, Albany - $12,942,000

  • 155 Wairau Road, Wairau Valley - $11,500,000

  • 53 Paul Matthews Road, North Harbour - $5,610,000

  • 7 Armstrong Road, North Harbour - $7,400,000

View expert

Shoneet Chand


Auckland North

Shoneet has been involved in selling investment property for over 13 years and since 2015 he has been a Director in the Investment Sales Team at Colliers International, specialising in Investment & Development Sales across the wider Auckland region.

Over the past 8 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 recently completed several deals with investors out of Asia, Europe and the Middle East. He has been involved in a number of large land sales and portfolio sales, including divestments for well-known brands like Z Energy, The Warehouse & Bunnings.

Shoneet has been the top broker in his market for both 2014 and 2015 while also placing in the top 10 brokers nationwide again for Colliers in 2016. In 2017, Shoneet transacted over $260 million of property and was ranked 2nd in New Zealand.

He was the top broker at Colliers in the 2018 financial year and a finalist for the Commercial & Industrial Salesperson of the Year award, which is judged nationwide across all agencies. In both 2019 & 2020 he was again ranked in the top 5 brokers nationwide for Colliers and was involved in over $300 million & $325 million of sales in each calendar year. 

Over the past six years, he has transacted over $1.5 Billion dollars in sales.

Notable Transactions over $10m include;

  • 2-4 Fred Thomas Drive, Takapuna -   $60,850,000
  • 33 Corinthian Drive, Albany  -   $50,500,000
  • 229 Dairy Flat Highway, Albany -   $33,000,000
  • Todd Industrial Park – Wellington -   $33,000,000
  • 9-11 Corinthian Dr, Albany -  $27,340,000
  • 44 Taharoto Road, Takapuna -   $27,270,000
  • 279-301 Lincoln Rd, Henderson -   $27,000,000
  • 11 Coliseum Drive, Albany -  $26,700,000
  • The Warehouse, Albany -   $26,400,000
  • LEP Childcare Portfolio-   $20,775,000
  • Farro Fresh/ASB Constellation Dr -   $25,500,000
  • Kmart Te Rapa  - $23,750,000
  • 1-11 Parkway Drive -   $21,000,000
  • Noel Leeming, Wairau Park -   $19,000,000
  • 5 The Warehouse Way, Northcote -  $19,000,000
  • Rapid Labels – William Pickering Dr -  $17,300,000
  • 16 Dinning Road, Riverhead -  $16,500,000
  • 35-45 The Strand, Parnell -   $16,100,000
  • 44 Arrenway Drive, Albany -   $15,300,000
  • 151 Lincoln Road, Henderson -    $15,250,000
  • 51 Corinthian Drive, Albany -  $15,150,000
  • 7-21 Kawana Street, Northcote -  $14,998,100
  • 124 Bush Road, North Harbour -   $14,950,000
  • 550 Te Irirangi Drive, Botany -   $14,200,000
  • PlaceMakers, Albany -    $14,000,000
  • 24 Oteha Valley Rd Extn, Albany -    $13,300,000
  • 217-227 Archers Rd, Wairau Valley -   $13,250,000
  • 44 Arrenway Drive, Mairangi Bay -  $13,117,116
  • 6 Canaveral Drive, Mairangi Bay -   $13,000,000
  • 119-121 Onewa Road -   $12,750,000
  • 3 Monahan Road, Mt Wellington -  $12,680,000
  • 155 Wairau Road, Wairau Valley -   $11,500,000
  • 13 William Pickering Drive, Albany -  $11,400,000
  • 14-18 Lovell Court, Albany -  $10,500,000
  • WCDL Development on Onewa Rd -  $10,250,000
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