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Corner unit available for purchase in tightly held North Harbour industrial precinct

NZ_AucklandCBD_Communications_Corner unit available for purchase in tightly held

A highly visible trade retail unit in Albany with an established tenant on a prominent corner site presents buyers with an outstanding purchasing opportunity in a tightly held area.

2B Cebel Place, Albany is a 676sq m warehouse, showroom, and office building that sits on a dual access site and provides 14 designated car parks. The property is zoned Business – Light Industry Zone under the Auckland Unitary Plan.

NZ Safety Blackwoods, New Zealand’s leading supplier of safety equipment, engineering supplies, uniforms, and packaging, is the longstanding tenant and they are part-way through a three-year lease that expires in June 2024. NZ Safety Blackwoods is owned by ASX-listed firm Wesfarmers.

The property provides $144,000 plus GST per annum in net annual rental income.

Situated in pole position on Bush Road, a key arterial route in Albany, the subject site commands an enviable corner position as part of a dual unit development, offering significant street exposure to passing traffic.

The motorway network is less than 10 minutes away, while Auckland’s CBD can be reached in approximately 15 minutes under normal driving conditions.

Colliers Directors Matt Prentice and Shoneet Chand have been exclusively appointed to market the property for sale by deadline private treaty closing at 4pm on Tuesday 28 June, unless sold prior.

Access to the highly functional unit is provided via automatic and standard hinged glazed doors to the Cebel Place frontage, with additional access provided via an electric roller door to the rear of the unit.

The ground floor predominantly comprises the 372sq m trade retail and showroom space and has suspended ceilings, recessed fluorescent lighting, ducted air conditioning, and vinyl flooring.

The remainder of the ground floor is split between an 86sq m office and 115sq m of warehouse space.

The warehouse space is situated to the western perimeter of the building, comprising a stud height of 5.2m at the portal knee. The space is provided with concrete flooring, unlined ceilings, and high bay lighting.

The 104sq m level one office space features partitioned meeting and office rooms and staff amenities, accessed via a central stairway in the ground floor lobby.

Prentice, Director of Industrial Sales and Leasing at Colliers, says the unit occupies a high-profile corner position and the purchasing opportunity is underpinned by a strong tenant covenant.

“NZ Safety Blackwoods have occupied the property since 2009 and this site is one of 30 trade centres they have across New Zealand,” Prentice says.

“They renewed their lease for a further three-year term in June last year that provides a final expiry of 12 June 2024.”

Chand, Director of Investment Sales at Colliers, says the visibility of the property and accessible location will hold significant appeal for buyers.

“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 supportive catchment demographics,” Chand says.

“William Pickering Drive, Bush Road and the local Rosedale Road are main arterials for the North Harbour region, linking Albany Village, the East Coast Bays and Upper Harbour Drive.”

“Currently, the location has record low vacancy rates and is keenly sought-after by occupiers and investors, making this a must-see purchasing opportunity.”

“We encourage all interested parties to contact us promptly to ensure they don’t miss out on the chance to secure a high-quality building with an established tenant on a prominent site.”

To view more investment opportunities use our property search here.


Related Experts

Matt Prentice

Director

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

Director

Auckland North

Shoneet has been involved in selling investment property for over 14 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 10 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 2019,  2020 & 2021 he was ranked in the top 5 brokers nationwide for Colliers and was involved in over $300million,  $325million & $500million of sales in each calendar year respectively. 

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

Notable Transactions over $10m include;

  • Confidential Auckland Transaction (2020) - $110,000,000+
  • 2-4 Fred Thomas Drive, Takapuna -   $60,850,000
  • Albany Industrial Land Sale (2021) - $60,000,000+
  • 33 Corinthian Drive, Albany  -   $50,500,000
  • 21 Hobill Ave, Wiri - $42,100,000
  • 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
  • 71 Apollo Drive, Mairangi Bay (2021) - $17,550,000 
  • Rapid Labels – William Pickering Dr -  $17,300,000
  • 7-19 Croftfield Lane, Wairau Valley - $17,280,000
  • 16 Dinning Road, Riverhead -  $16,500,000
  • 35-45 The Strand, Parnell -   $16,100,000
  • 44 Arrenway Drive, Albany (2021) -   $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
View expert