Warehouse and office property for sale with vacant possession
A freehold industrial property in the tightly held area between Auckland’s affluent eastern suburbs and the growing Sylvia Park commercial precinct is for sale or lease with vacant possession.
Colliers International is marketing 4 Farmhouse Lane, St Johns, for sale by deadline for offers closing at 4pm on Tuesday 16 October, unless it sells earlier.
Industrial Director Hamish West says the property comprises a 1,629sq m warehouse and office facility on a 2,154sq m freehold title.
“Industrial buildings of this size, with an ideal office to warehouse ratio, are highly sought after, especially in such a hotly contested commercial property precinct.
“St Johns is among Auckland’s highest-growth central city areas due to its proximity to the popular eastern suburbs.
“It is also one of the most tightly held suburbs due to its limited size. St Johns has almost no vacancy year-round and properties rarely make it to the open market for sale or lease.”
Colliers International Industrial Director Andrew Hooper says the property will appeal to a broad range of buyers.
“Owner-occupiers will relish the chance to acquire a well-presented, vacant property with a favourable office to warehouse ratio.
“It offers about 1,386sq m of warehouse space, about 243sq m of office and amenities and 10 on-site car parks.
“Investors will see the benefits of buying into a very high-occupancy area. Once leased, the property has the potential to return a market rental of $205,112 per annum.
“Developers will appreciate the property’s unencumbered freehold title with Business Mixed Use zoning, providing flexibility around potential future development.
“The site is adjacent to an existing apartment complex, making it suitable for residential, commercial or mixed-use redevelopment.”
The centrally located property is about 15 minutes’ drive to Auckland’s CBD and a short drive to Sylvia Park.
The nearby Glen Innes Train Station provides transport links to the CBD, the eastern suburbs and South Auckland.
Built in the 1970s and extended in the early 2000s, the building offers an attractive street frontage comprising a modern, two-level office.
The ground floor offers showroom, office and amenity space while the first-floor comprises an open-plan office.
The warehouse has a stud height of about 4m at the knee rising to 5.75m at the apex. The warehouse can be accessed from the front yard via two roller doors.
The remainder of the site consists of sealed yard and a carparking area, as well as parking below the mezzanine offices.
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