Prime industrial offers high stud warehouse and CBD-quality offices
A sensational quality warehouse in Auckland’s coveted Airport Oaks industrial precinct is for sale with a long-term lease to unbeatable global tenant Husqvarna.
Colliers International has been exclusively appointed to market 51 Aintree Avenue, Mangere, for sale by deadline private treaty closing at 4pm on Tuesday 17 April, unless sold prior.
Industrial Sales and Leasing Director Andrew Hooper, who is marketing the property with colleagues Hamish West and Dwayne Warby, says it is hard to beat as a quality industrial investment.
“Situated only 3.3km from Auckland International Airport and close to the motorway, the property offers unrivalled access to the rest of the Auckland region and beyond, making it an ideal base for imports, exports and distribution,” he says.
“The 3,752sq m building meets 100 per cent of seismic standards and offers a desirably low ratio of office space to high stud, clear span warehousing.
“The offices have recently undergone a CBD-quality refurbishment that elevates the property to a new standard of industrial office accommodation.
“A six-year lease to Husqvarna Group Limited, part of leading global outdoor equipment manufacturer Husqvarna, returns $444,500 plus GST in net annual rental, with guaranteed rental growth every two years set to CPI.
“The property’s superb location, quality improvements, long lease and enviable tenant covenant make this an outstanding opportunity that serious investors will not want to miss.”
Hooper says the Light Industry zoned property is in the heart of the well-located Airport Oaks industrial precinct on Aintree Avenue, which runs south off Ascot Road.
It is a short drive to George Bolt Memorial Drive, which links the airport to the south with the Southwestern Motorway (State Highway 20) to the north.
West says the location’s connectivity has been greatly improved by ongoing upgrades to George Bolt Memorial Drive and the recent completion of the Waterview Tunnel, which links SH20 with SH1 to the south and SH16 to the northwest.
“Already well established as a premium industrial precinct, these improvements have made Airport Oaks even more desirable as a hub for importing and exporting, distribution and freight forwarding,” he says.
“The area boasts a number of high-profile national and international occupiers including DHL, DB Schenker, Hellmann Worldwide Logistics, Freedom Furniture and campervan company Maui NZ.”
The property’s six-year lease has more than five years remaining, followed by two rights of renewal of six years each.
Constructed of concrete foundations and tilt slab panel walls, it offers 3,290sq m of clear span warehousing with a stud height of 9m at the knee rising to 11m at the apex.
Some 461sq m of recently refurbished office and amenity space is available over two levels at the front of the building.
External access to the warehouse is via two rollers doors protected from the elements by a 193sq m canopy. Internal access is available from both office levels.
The ground floor office features a stairwell and a well-presented reception area, which leads to a meeting room, open plan offices and lunch room.
The first floor mainly comprises more open plan office space plus a handful of partitioned offices, a boardroom and amenities.
The rest of the 5,830sq m site comprises an extensive concrete yard and manoeuvring area as well as ample space for car parking.
Warby says the site’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.”
Tenant Husqvarna is a leading global manufacturer of outdoor products including chainsaws, trimmers, and ride-on and robotic lawn mowers.
“The company was founded in Sweden in 1689 and now employs some 13,000 staff in 40 countries, while its products are sold in more than 100 countries,” Warby says.
“Husqvarna aims to combine high performance with usability, safety and sustainability. Its commitment to reducing the environmental impact of its products has led to the development of new products that minimise energy consumption and exhaust emissions and recyclability.”
Warby says interest in this premium investment opportunity is expected to be strong.
“Serious investors will not want to miss this chance to acquire one of Auckland’s best-located industrial assets,” he says.