A modern high stud warehouse/office facility with vacant possession including a large, secure yard is on the market in a highly sought after South Auckland industrial location.
The 6,208 sqm site at 15 Echelon Place, East Tamaki
is being offered for sale through Andrew Hooper
and Greg Goldfinch
of Colliers International, by deadline private treaty closing on Wednesday 18 May 2016, unless it is sold before that date.
Hooper says owner operators always desire a foothold in this precinct close to Highbrook estate.
“This East Tamaki location is situated right on the edge of Highbrook Business Park - the number one preference for astute owner operators to house their businesses.
“An opportunity for an industrial asset like this simply isn’t available within Highbrook itself so to get an A grade quality facility almost ‘right next door’ is an appealing prospect and represents significant value for money.
Hooper says the replacement cost of a property this size in this area – even if you could find the land to build which simply isn’t available – would be in excess of $9 million, so this property represents excellent value.
“For all these reasons the property will also hold strong interest for investors.
“Vacancy rates are at all-time lows and Goodman recently leased up two spec builds of 6000 sqm and 3000 sqm respectively with no vacancy period.”
Hooper says the appealing minimal 481 sqm office space footprint, A grade 3,628 sqm high stud warehouse and a large, expansive yard future proofs this asset for purchasers.
“Especially because it is an area owner operators and investors want to stake a claim in. East Tamaki is arguably the premier industrial location in New Zealand with strategic transport links and high profile tenants.
“Quality Highbrook-based businesses include Office Max and NZ Post and more recently Metro Glass as well as Steel and Tube.”
Goldfinch says the recent sale of the Contact Power Station’s massive land holding immediately adjacent to this area should only add to the confidence of purchasers examining this opportunity.
“That significant land holding is designated to be another master-planned modern business park, signalling the ongoing quality growth and appeal of the precinct and underpinning why properties in this area are so tightly held.”
The warehouse – constructed of concrete tilt slab and long run colour steel – is currently configured with space for 3,200 pallets and that capacity has potential to be increased by 20-25%, says Goldfinch.
The warehouse includes mezzanine storage, a 413 sqm canopy and ample space out the front of the building for container devanning and truck access. The offices are split over two levels.
The property is located at the end of a cul-de-sac off Cryers Road, which is a thoroughfare to main arterials Ti Rakau Drive and Highbrook Drive connecting to the nearby southern motorway interchange.
The property is located at the end of a quiet cul-de-sac off Cryers Road, which is a thoroughfare to Ti Rakau Drive and the main arterial Highbrook Drive connecting to the southern motorway interchange and providing easy access to burgeoning residential areas of Pakuranga and Botany.
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