Skip to main content Skip to footer

Significant mixed-use site in Ōtāhuhu available for purchase

NZ_AucklandCBD_Communications_Significant mixeduse site in thuhu available for purchase

A super-sized mixed-use landholding in the high-growth suburb of Ōtāhuhu will appeal to developers, owner-occupiers and add-value investors who have the opportunity to secure a prime location for their next major project.

6-8 Fort Richard Road and 581 Great South Road in Ōtāhuhu are being presented to market as a combined offering and have a total net lettable area of 11,857sq m on 22,825sq m of land. The properties include 10 freehold titles and offer dual access from Fort Richard Road and Great South Road.

The existing buildings are currently tenanted but due to short-term leases and redevelopment clauses, the buildings could be vacant as early as January 2023. The tenancies provide a combined net annual rental income of $1,438,926 plus GST.

Colliers Brokers Greg Watson, Gareth Fraser, Greg Goldfinch, and Paul Higgins have been exclusively appointed to market the properties for sale by deadline private treaty closing at 4pm on Thursday 11 November, unless sold prior.

6-8 Fort Richard Road comprises 22,123sq m of land with a 11,653sq m warehouse that is leased by the anchor tenant who began an 18-month lease on 10 July 2021 with a final expiry of 9 January 2023.

581 Great South Road is positioned on the remaining 693sq m of land. This site is located adjacent to 6-8 Fort Richard Road, providing potential for dual access or drive-through capability for any future change of use or redevelopment.

The existing retail building has an associated residential flat also occupied by tenants The Hangi Shop Limited. Their six-year lease has a final expiry of 30 September 2028, but a redevelopment clause is in place that includes a six-month notice period.

Watson, Industrial Sales Broker at Colliers, says Ōtāhuhu is an established suburb that is experiencing rapid growth in the industrial and residential sectors.

“The potential on offer here cannot be overstated and with the flexible lease terms in place, the new owner will have ample lead-in time to decide their next move on a property that will provide holding income,” Watson says.

“The surrounding suburbs of Māngere, Papatoetoe and Manukau have undergone huge intensification recently and that trend will only continue.”

Fraser, Director of Investment Sales at Colliers, says there are virtually no other opportunities in South Auckland to buy a site of this scale that is zoned Business – Mixed Use Zone.

“Demand for low-cost housing, terraced housing, and townhouses is at an all-time high and there has been huge interest from buyers around land that can be developed for those purposes,” Fraser says.

“The recently released National Policy Statement on Urban Development could lead to an even higher density outcome for the site, given its proximity to transport nodes.”

Goldfinch, National Director of Industrial at Colliers, says this offering will appeal to a range of prospective purchasers.

“In its current configuration, the site presents a multitude of potential uses, including e-commerce, warehousing, distribution, storage or bulk retail,” Goldfinch says.

“But the ultimate redevelopment may incorporate a number of those options alongside a residential or retirement development. The flexible zoning of this site will provide the new owner with the chance to create something that will reshape the area.”

Higgins, Director of Industrial at Colliers, says the site offers connectivity to a range of amenities such as supermarkets, parks, and schools, while Manukau’s CBD is a short drive away.

“The site has excellent proximity to major transport linkages, including the Southern Motorway and State Highway 20,” Higgins says.

“Auckland’s CBD is only 15 minutes away, while Auckland Airport can be reached in 16 minutes. The Ōtāhuhu train is only 1.8km away, adding another layer of convenience.”


Related Experts

Greg Watson

Broker | Industrial

Auckland South

View expert

Gareth Fraser

Auckland Director - Investment Sales

Auckland

Gareth leads Colliers International's Investment Sales team. The team operates across the entire Auckland market from four strategic locations; CBD (including city fringe), South Auckland (based in Highbrook), West Auckland (based in North West Shopping Centre) and North Shore (based in Takapuna).

This is a large team of brokers and support staff focussed on providing solutions to owners, investors, developers, owner-occupiers and tenants. It features a specialised site sales team focussed on residential land and development opportunites. Investment Sales also includes the syndication division, offerring proportionate ownership opportunities to investors on behalf of clients.

Gareth is also on the Executive Team for Colliers in New Zealand.

View expert

Greg Goldfinch

National Director | Industrial

Auckland South

Greg specialises in the mid to upper end of the Industrial sale and leasing markets. He joined Colliers International in 2004, coming from a policing background. He quickly established strong relationships within the industrial market and has worked exclusively for the likes of Fisher & Paykel, The Warehouse, Freedom Furniture, Fletchers, NZ Police, NZ Guardian Trust, Goodyear Dunlop NZ Ltd and Mercedes-Benz to name a few.

Greg has been the lead broker on nearly all of the largest transactions in the industrial property market over the last ten years. Greg has completed three of the largest industrial sales ever in the New Zealand market. He is a regular top 10 broker for Colliers across NZ having transacted in excess of $6billion worth of industrial real estate in his time with Colliers.

In 2013, 2019 and 2020 Greg was awarded the Commercial and Industrial Salesperson of the Year Award by the Real Estate Institute of New Zealand and was runner up in 2018. Greg was Colliers International’s top salesperson in New Zealand across all sectors in In 2010, 2013, 2017, 2018, 2019 and 2020.

View expert

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.

View expert