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Roll up and buy 1, 2 or all 3 premier South Auckland properties

NZAucklandCBDCommunicationsRoll up and buy 1 2 or all 3 premier South Auckland properties

The land and buildings of three large, high-profile sites in some of South Auckland’s most sought-after industrial locations are being presented to the market offering prospective purchasers the opportunity to acquire a collection of high-quality assets individually or collectively.

818 Great South Road, Penrose, 62 Allens Road, East Tāmaki, and 146-158 Cavendish Drive in Wiri are all currently being used as car dealerships by MotorCo and can be purchased separately or as a combined offering with a short-term leaseback in place, while the trade business is also for sale.

Two of the properties – 818 Great South Road and 62 Allens Road – are zoned Business – Heavy Industry Zone, while 146-158 Cavendish Drive is zoned Business – Light Industry Zone. All three properties enjoy exceptional exposure and street frontage in their respective locations that are experiencing huge demand for industrial land.

Colliers Directors Hamish West and Paul Higgins have been exclusively appointed to market the properties for sale by deadline private treaty closing at 4pm on Friday 5 November, unless sold prior.

818 Great South Road in Penrose is a strategically located 4,330sq m freehold corner site with a net lettable area of approximately 2,335sq m comprising a large warehouse, showroom, multiple offices, canopy, amenities, and car parks.

The building offers functional stud height, an excellent ratio of office to warehouse space, three roller doors, and a secure yard area for containers.

A powerhouse of industry, Penrose is a key logistics and manufacturing location in one of Auckland’s most established and central suburbs that offers exceptional connectivity to Auckland Airport or the CBD.

62 Allens Road in East Tāmaki offers a fully fenced 7,550sq m site with a highly functional office and warehouse that provides 2,796sq m of floor area that is accessible via multiple roller doors.

With only 40 per cent site coverage, this freehold property offers exciting potential for expansion and has 115m of road frontage and exposure to East Tāmaki’s main arterial route, while the Highbrook State Highway 1 on-ramps are less than 3.5km away.

146-158 Cavendish Drive in Wiri is a property that is made up of three adjoining industrial sites on two freehold titles and one unit title combining for a total landholding of 2,536sq m with approximately 1,132sq m of net lettable floor space.

Number 146 Cavendish drive is a 1,650sq m secure, metalled yard with significant street frontage and a prominent corner position.

Number 154 Cavendish Drive is a spacious industrial clear-span warehouse that was constructed in the 2000s and has recently been refurbished. Adjoining the 154 Cavendish Drive warehouse is 2/158 Cavendish Drive. This warehouse sits on a unit title and is unit one of a two-unit development. Improvements include a clear-span warehouse building with associated offices and amenities split over two levels.

Originally constructed in the 1980s, this building is accessible both at the front and rear, while there is also internal roller door access between the 154 and 2/158 warehouses.

West, Director of Industrial at Colliers, says it is incredibly rare to see so many premier buildings in prime industrial locations being brought to the market in a joint offering.

“These high-profile sites will appeal to owner-occupiers or investors given the buildings could be configured for a variety of uses,” West says.

“These properties are located in some of the most tightly held industrial locations in South Auckland and we expect there will be significant interest.”

Higgins, Director of Industrial at Colliers, says due to the scarcity of land in South Auckland, demand can rarely be satisfied.

“Industrial buildings of this scale do not come up for lease or sale very often, and when they come on the market they are in high demand from tenants and occupiers,” Higgins says.

“The shortage of land and high construction costs has seen an overwhelming shortage of similar properties in the marketplace, creating a scenario for landlords where they often have the choice of multiple tenants if they come on the market for lease.”

Related Experts

Hamish West

Director | Industrial

Auckland South

With more than twelve years of experience in the commercial and industrial property sector, Hamish has been involved in a significant number of industrial property projects in Auckland and across New Zealand. During this time he has been responsible for the sale of more than $1.4B worth of industrial assets, in addition to providing leasing and design build solutions totalling more than 660,000m² for a range of major local & international occupiers.

Career Success

Hamish has proven to be a consistent and highly effective broker and in 2012 & 2015 was awarded with the Colliers National MVP Award for Brokerage Excellence, and 2015 saw him achieve the ranking of 6th highest revenue earner in Colliers nationally.

Market Specialisation

Hamish specialises in the sale and leasing of high value assets in the South Auckland Property market and has been involved in many projects including:

  • Sale and leaseback transactions
  • Tenanted Investment sales
  • Receivership sales
  • Vacant possession sales
  • Development property sales
  • Land sales
  • Vacant building leasing
  • Design build leasing
  • Tenant property sourcing
  • Purchaser property sourcing

Hamish has done a significant portion of his work with both private clients and corporate clients including Goodman, PFI, Broadway Developments, Southborne Holdings, Stride, Kiwi Income, Auckland Airport, Norak Properties, JKGL Group, Samson Corporation, Southpark Corporation, Quadrant, Location Group, Argosy, Windward Properties, and Depot Investments to name a few.

Recent occupiers include Bunnings, GPC (Repco), GUD, Ricoh, Ideal Electrical, Crown, Sirva, Wedderburn, GEA Process Engineering, Delmaine, Siemens, Hydraulink, Verifone, Sistema, Tyco, Bunnings, Fletchers, PMA Global, Compac Sorting Equipment, and many other SME businesses.

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Paul Higgins

Director | Industrial

Auckland South

Paul joined Colliers in 2005 working in Auckland's industrial team specialising in the mid to upper end sales and leasing market. Paul has also spent a couple of years working for Colliers in the Central and Eastern Europe market where he was Director of Poland's Krakow office. In 2010 Paul returned to Auckland to again work in Auckland's industrial market.

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