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Rare speciality processing factory for sale near Auckland Airport

NZ_AucklandCBD_Communications_Rare speciality processing factory for sale near Auckland Airport

A special use processing factory with office space and room for expansion near Auckland Airport shapes as a highly appealing purchasing opportunity for buyers looking to acquire a premier asset in a sought-after location.

80 Ascot Road, Airport Oaks is a 1,619sq m building that is spread across two levels and sits on a 3,348sq m freehold site that is zoned Business – Light Industry Zone under the Auckland Unitary Plan.

The property is being presented to the market for the first time in 17 years and can be secured with vacant possession or a short-term lease to the existing tenant that would provide approximately $335,000 plus GST in net annual rental income or a figure to be agreed upon at settlement.

With only 42 per cent site coverage, the property has add-value potential while being located in a prime industrial district that is experiencing notably low vacancy rates.

The property is only 4km away from Auckland Airport, while the nearby motorway network is readily accessible through State Highway 20A. Award-winning logistics, technology, and industrial business park The Landing is only minutes away.

Colliers Directors Brad Johnston, Matt Prentice, and Paul Jarvie have been exclusively appointed to market the property for sale with the deadline for offers closing at 4pm on Wednesday 8 June, unless sold prior.

The building comprises 194sq m of ground floor retail and office space, while the first floor office spans 217sq m. The lunchroom and amenities measure 74sq m.

The middle processing and chiller space is 324sq m, while there’s 248sq m of freezers, and the rear processing and chiller area covers 193sq m. There’s also a spacious forklift corridor, and dispatch facilities. The property offers separate rear and side canopies totalling 105sq m.

Johnston, Director of Industrial at Colliers, says the property is highly functional and the metalled yard space could also be utilised for storage if the building is not developed extensively.

“Having been constructed in 1982, the special use site has an A-grade NBS rating of 85 per cent, and the opportunity to acquire the property with vacant possession presents owner-occupiers with the chance to start trading immediately,” Johnston says.

“Investors may choose to tenant the site and enjoy the short-term holding income on offer before looking to secure a new long-term occupant.

“The latest research from Colliers notes there is a 1.9 per cent vacancy rate among industrial properties across Auckland, indicating this site would generate strong demand.”

Prentice, Director of Industrial Sales and Leasing at Colliers, says the property is surrounded by established operators in a popular industrial precinct.

“Household names such as Mondiale, Synlait, Hellmann Worldwide Logistics, Bollore, DHL and many other logistics and transport operators have chosen to call this area home, which shows the strength of the wider precinct,” Prentice says.

“Properties in the immediate vicinity include medium-to-large format industrial buildings and the Auckland Airport industrial area remains a tightly held part of the city due to its proximity to the other industrial hubs in South Auckland and the nearby transport networks.”

Jarvie, Director of Industrial at Colliers, says given the flexibility on offer and the growth potential available in a premier industrial location this property shapes as a must-see site.

“The Light Industry zone allows for industrial activities that do not generate objectionable odour, dust, or noise. This includes manufacturing, production, logistics, storage, transport, and distribution activities, making this a favourable location for a range of businesses.

“We expect there will be serious interest in this property and encourage all interested parties to do their due diligence and contact us immediately.” 

To view more investment opportunities use our property search here.


Related Experts

Brad Johnston

Director | Industrial

Auckland South

Brad joined Colliers International in early 2005, specialising in the selling and leasing of industrial property and land at Auckland International Airport and its surrounding areas.  He quickly formed relationships with Goodman, an Australian-based listed trust, Auckland International Airport Limited and numerous other high profile developers, owners and major users.

Brad is consistently a top performer in the Colliers Industrial Team and is a senior broker. Brad has worked for numerous corporations implementing their property strategies. Most notably Downer NZ. He has also completed sales transactions for Z Energy, Plumbing World and McDonalds Restaurants.

Brad has leased more space in the Airport industrial precinct than any other commercial agent. 

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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.

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Paul Jarvie

Director | Industrial

Auckland South

I am married with three young children. I have a diverse professional background including 7 years as a primary school teacher and 9 years in the pharmaceutical industry with both sales and sales management experience.

I am a keen sportsman with ocean swimming and cycling being my current activities.

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