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Mixed-use site in excellent Onehunga location

NZ_AucklandCBD_Communications_Mixeduse site in excellent Onehunga location

A prominent Business – Mixed Use Zone industrial building that is strategically located in the fast-developing suburb of Onehunga offers buyers the chance to secure a high-quality asset with potential for future development.

169 Captain Springs Road, Onehunga is a highly functional 2,449sq m building on a 3,332sq m site that has 80m of street frontage and excellent access to the surrounding motorway networks.

Te Papapa train station is located directly behind the property, while multiple bus routes lead to Onehunga, providing easy access to the site.

Reduced To Clear, a privately held New Zealand food outlet that was started in Auckland in 2008 with the intention to minimise food wastage, is the current tenant and they’re in the midst of an eight-year lease that returns $246,000 plus GST in net annual rental income. Reduced To Clear is an essential service and can operate in all Covid-19 Alert Levels.

Colliers Brokers Ben Cockram, James Dickey, Hamish West, and Greg Goldfinch have been exclusively appointed to market the property for sale by auction to be held at Colliers, HSBC Tower, Level 23, 188 Quay Street, Auckland at 11am on Wednesday 10 November, unless sold prior.

Cockram, Associate Director of Industrial at Colliers, says Onehunga has experienced significant development and gentrification recently.

“The Business – Mixed Use Zone permits building heights of up to 16m with an additional roof height of 2m on top of that. This zoning is one of the more flexible zones under Auckland’s Unitary Plan, allowing for residential activity as well as predominantly smaller scale commercial activity,” Cockram says.

“It is rare to see buildings with this much development potential come to the market in Onehunga and this property is located in a tightly held area where supply is scarce.”

The building comprises a 1,766sq m high stud warehouse, a 249sq m low stud warehouse, office space that is spread over two levels with 93sq m on the ground floor and 276sq m on the first floor. There’s also a 65sq m mezzanine that is not accessible and 24 car parks.

Dickey, Industrial Sales Broker at Colliers, says the property is a classic, hard-working industrial building.

“The offices include air-conditioning and benefit from good natural light. The ground floor features a small office, and the first level is an open plan office with a lunchroom and a toilet facility,” Dickey says.

“The lower stud portion of the warehouse is currently being used as the tenant’s grocery outlet. This can be accessed from the car park area and features three lower stud roller doors. The main warehouse is high stud and has an old-saw tooth roof structure. This is accessible via three full height roller doors located on the western boundary, fronting Captain Springs Road.

“The remainder of the property incorporates a large courtyard area, which offers users valuable off-street parking as well as container set down space, if required.”

West, Director of Industrial at Colliers, says the property benefits from excellent exposure to the road with thousands of cars passing each day, while there’s a range of popular local amenities nearby, including Onehunga Mall, Countdown, and Dress Smart.

“Onehunga’s central location means a 15-minute drive takes you to Auckland’s CBD or the airport. The Waterview Tunnel opens up access to West Auckland, and the Te Papapa train station offers quick and easy access to the rest of the city,” West says.

Goldfinch, National Director of Industrial at Colliers, says sites with this much development potential will provide the new buyer with a range of options to maximise the value from their purchase in a highly sought-after area.

“We expect strong interest in this property and would urge all interested parties to do their due diligence and contact us immediately.”

Related Experts

Ben Cockram

Director | Industrial

Auckland South

I am an Associate Director within Auckland's most awarded industrial brokerage team based in south Auckland. 

 Specialising in industrial sales and leasing, I have over 7 years  experience in Auckland's highly competitive industrial market and have forged very strong relationships with both occupiers and investors. I am a highly motivated individual who approaches all transactions with professionalism and integrity. 
Since commencing brokerage in September 2014, I have been involved in 138 leasing transactions and 143 sales, spanning across all of the major industrial regions of Auckland. 

In 2018 I was made an Associate Director of Colliers International NZ. 

As of January 2022;

Total sales transactions - 143
Total sales value              -  $455,000,000 

Total leasing transactions - 138
Total sqm leased                   -  146,000m²

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James Dickey

Broker | Industrial

Auckland South

Specialising in the industrial market as a sales and leasing broker, James took the opportunity to join the most well recognised and awarded industrial brokerage team in Auckland, based at Highbrook, East Tamaki.  He has proven very quickly to be an integral and valuable member of this dynamic team.  James’s specific focus is on Penrose, Mt Wellington, Otahuhu and Onehunga, where he covers a wide range of sales and leasing transactions with properties that vary in size and value.

James completed his Bachelor of Commerce degree majoring in Finance and Accounting at Otago University and in his final year, also undertook his Real Estate licence.  Without a doubt, his true passion and ambition was realised when he chose a career in property as an industrial broker with Colliers.

James’s incredibly strong work ethic, tenacity, and desire to achieve the best possible results for his clients is respected and admired by colleagues and clients alike.  He has proven himself to be proactive, knowledgeable and above all highly effective in a very short period of time.

Since starting brokerage just a year ago, James has been involved in over 50 transactions and has many satisfied clients with the results they have acheived.

Please do not hesitate to call James for any property queries or requirements.

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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.

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.

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