A quality industrial building in the heart of South Auckland with an international tenant is on the market.
Colliers International brokers Dwayne Warby, Paul Higgins and Brad Johnston are marketing the 4,150sqm freehold property for sale by auction on 9 November 2016, unless sold prior by negotiation.
“This is a great property with a high stud modern warehouse, and minimal office situated in a superb location in popular Wiri industrial precinct,” says Warby.
“The multi-functional office and warehouse, combined with the light industrial business zone allows for a range of uses,” adds Johnston.
The property is fully leased to Pitango Pty Ltd, on a five year lease commencing December 2013 with two five-year rights of renewal. It brings in a rental income of $182,577 per annum plus GST and outgoings.
“This is a quality industrial property in an increasing tightly held market, which offers minimal office space over two levels and a very large warehouse. These opportunities are usually snapped up as soon as they hit the market,” Warby says.
Front entry to the office and amenities opens from within a recessed entry into a foyer to one side of which is a smaller open plan office. To the rear of the foyer a flight of stairs leads to the mezzanine level into a more substantial open plan office.
“From the entrance foyer extending down the front of the building is an open storage area to the rear of which are separate amenities. An additional open storage area is provided above with a second internal flight of stairs,” Warby says.
The rest of the building is clear span factory/warehouse space with a stud height of seven metres - with eight metres inside of the rear wall posing as a partition for a smaller warehouse used for storing flammable goods.
“Two roller doors in the northern side of the wall provide vehicle access to the warehouse,” Johnston says.
The property’s Manukau industrial precinct location is a factor in its desirability as well as being easily accessed with the Manukau City centre only 2kms away.
“It has plenty of access to motorways with State Highway 1 onramp less than a kilometer away,” Warby points out.
Auckland International Airport is also in close proximity and Auckland CBD is less than 20kms away.\
With its new Light Industry zoning under the Unitary Plan, only industrial activities that do not generate objectionable odour, dust or noise are permitted on the property.
“This includes light manufacturing, production, logistics, storage, transport, and distribution activities. Buildings of up to 20m are also permitted,” says Warby.
“This zoning is designed to enable businesses to concentrate on generating economic activity for Auckland, and we have unprecedented low vacancy rates in the industrial sector, so this is the perfect opportunity for a savvy investor or owner occupier,” Johnston adds.