Manurewa property offers development potential in a growth location
A commercial property in a growing South Auckland location is for sale with low site coverage and vacant possession, making it well suited to a range of occupiers, investors or developers.
Colliers International has been exclusively appointed to market 36 Maich Road, Manurewa, for sale by deadline private treaty closing at 4pm on Wednesday 26 June, unless it sells earlier.
The property comprises a 1,006sq m freehold site with Light Industry zoning and only 186sq m of improvements, making for low site coverage of 18 per cent.
Investment Sales Broker Chris Wakim says it is well located in the growth suburb of Manurewa.
“This is a chance to invest in a commercial property with plenty of options for future development within an area set to undergo even further growth in the next 10 years,” he says.
“Manurewa is predominantly a young to middle aged suburb that is poised to benefit from projected growth in other key commercial hubs in the area, including Manukau, Papakura, Papatoetoe and East Tamaki.
“Infrastructure improvements will also encourage more business and residential growth, as well as making the wider South Auckland area more accessible to the Auckland CBD.
“The Southern Corridor Improvement project includes additional lanes in both directions on State Highway 1 and a shared pedestrian and cycle path.
“Manurewa is already undergoing solid residential growth, with developments underway on Wordsworth Road, Rowandale Road and Bedlington Avenue.
“Along with these new homes, a retirement and lifestyle village with 47 apartments on Alfriston Road is expected to be completed in October this year.”
Matt Barnes, South Auckland Investment Sales Director at Colliers, says the property for sale comprises a 139sq m main building and a 47sq m double garage for vehicle storage.
“The main building comprises an auditorium with a reception area plus two additional office and meeting rooms.
“The remainder of the property is sealed yard providing a significant level of car parks for the site. Good accessibility is on offer via two driveways from Maich Road, serviced by lockable gates.
“Overall the site is extremely well suited for multiple business activities as well as excellent opportunities for future development.”
Paul Jarvie, Industrial Director at Colliers, says the property is in a well serviced area.
“The surrounding location benefits from a large number of local and national retailers and trade outlets, along with health and public services within close proximity.”
Jarvie says notable business nearby include the Southmall shopping centre, Manurewa Medical Centre, international food retailers and a Z service station. A library, police station, school and bowling club are all nearby.
The area offers plentiful transport options, including the Manurewa Train Station on the western side of Southmall and bus stops within a short walking distance on Great South Road, Maich Road and Northcrest Way.
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