Large 12,132sq m landholding for sale opposite huge Sistema facility
A freehold development site is for sale opposite Sistema’s massive manufacturing facility in the sought-after Auckland Airport industrial precinct.
Located only minutes from the airport, 31 Te Tiki Road comprises 12,132sq m of bare land with Light Industry zoning allowing for a range of uses.
Colliers International Industrial brokers Ash Vincent, Brad Johnston and Paul Jarvie are marketing the site for sale by deadline private treaty.
Offers close at 4pm on Wednesday 5 September, unless the property sells prior.
Vincent says the land offers an array of opportunities for developers and occupiers alike.
“The property is superbly located within the well-established Auckland Airport industrial precinct, which is undergoing significant expansion.
“Auckland Airport’s world-class industrial estate, The Landing, is spearheading new development, with large national and multinational companies among those committing to the area.”
Johnston says Te Tiki Road is a recently developed road that offers great transport links to the airport and wider Auckland region.
“The area is primarily accessed from Ascot Road, while nearby State Highway 20A puts the international and domestic airport terminals within five minutes’ drive.
“Recent upgrades to the motorway network around the airport have made the area even more accessible.”
Jarvie says the property comprises an irregularly shaped, level site with good profile to Te Tiki Road.
“The site is ideally situated for development or land- or yard-based users.”
He says the surrounding area comprises a range of medium- to large-format industrial buildings.
Neighbours include Sistema, Bunnings, MPI, DHL and DSV and many logistics and transport operators.
“Sistema’s huge plastics manufacturing facility is right across the road from the property, which shows the strength of tenant covenant in the area.”
The property’s Light Industry zoning allows for industrial activities that do not generate objectionable odour, dust or noise.
This includes manufacturing, production, logistics, storage, transport and distribution activities.
Colliers International research shows Auckland’s overall industrial vacancy rate has remained at low levels over the past 12 months, sitting at 2.3 per cent in February 2018.
The low vacancy rate, combined with growing rental expectations and a lack of stock for sale, has helped to drive prime industrial yields in Auckland to their lowest levels.
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