Long-term investment in North Auckland’s tightly held industrial market.
A newly completed warehouse facility on long-term lease to sustainability-focused waste services company Green Gorilla is for sale in a fast-growing northwest Auckland location.
The freehold property at 13 Timber Place, Riverhead, occupies a substantial 3,253sq m site within the new and highly sought-after Mill Industrial Park subdivision.
It boasts a versatile high stud warehouse, large concrete and metalled yards, full security fencing and abundant space for future expansion.
The property was design-built for Green Gorilla, which has committed to a new 12-year lease, returning $180,000 in net annual rent.
Backed by a 12-month bank guarantee, the lease offers a mix of fixed and market rental reviews, providing a balance between guaranteed growth and stability.
Colliers International has been exclusively appointed to market the property for sale by deadline private treaty closing at 4pm on Wednesday 17 April, unless it is sold earlier.
Broker Ryan de Zwart says it is a chance to acquire a long-term investment in Auckland’s tightly held industrial market.
“This is the perfect scenario for any investor looking for a clean, bottom-drawer investment that ticks every box,” he says.
“It offers a long lease, guaranteed growth, strong tenant covenant, an outstanding location, and the peace of mind of a low-maintenance new building.”
The property is located at the end of Timber Place within The Mill Industrial Park, west of Riverhead township.
The standalone warehouse, accessed by three roller doors, occupies the southwestern end of the site. It offers 576sq m of clear span space, with generous stud heights of 10m to 12m.
The building’s construction is of pre-cast concrete walls, colour steel cladding and colour steel roofing.
It is surrounded by a concrete yard of circa 1,394sq m, which has been divided into a storage and sorting area. An additional 1,156sq m of yard has been metalled for vehicle and bin storage.
Tenant Green Gorilla is a pre-eminent, full spectrum waste services provider in Auckland.
The company’s 2.7ha Onehunga processing facility diverts circa 80 per cent of the construction and demolition material it receives. Mechanised and manual sorting lines recover recyclable materials such as timber, metals, card, plasterboard and other commodities.
An additional commercial and industrial sort line is currently under construction.
The new Riverhead Transfer Station will consolidate suitable waste for daily bulk transfer to its Onehunga facility.
Colliers Director Jimmy O’Brien says Green Gorilla’s new Riverhead facility is well-located in a growing industrial area that has already attracted strong, established tenants.
“Companies in the surrounding area include Atlas Concrete, Chi Drinks, Ross Pools, JSC Timber, North Treat and Earth Tec Projects.”
O’Brien says the wider Riverhead area is a predominantly rural part of Auckland’s northwest that has been undergoing rapid residential and commercial growth.
“Auckland Council has earmarked the area for significant urban development, alongside nearby Huapai and Kumeu.
“Plans for 1,400 new homes in the Kumeu, Huapai and Riverhead area are in place, with a further 6,600 to be built from 2028.”
Riverhead is surrounded by the growth suburbs of Hobsonville, Coatesville, Whenuapai, Massey and Westgate.
It offers good access to Auckland’s CBD, the North Shore and other industrial regions through Auckland.
Riverhead is only 6km to the Northwestern Motorway, 16km to Albany, 29km to the Ports of Auckland and 40km to Auckland International Airport.
Green Gorilla is a 100 per cent New Zealand owned and operated company with a team of more than 100.
CEO Graeme Bowkett says landfill is the last resort for his company.
“Our responsible recycling and waste services provide thousands of Auckland businesses with a viable and cost-effective alternative to landfill, and an effective way to shift towards a more sustainable business model.”
Green Gorilla’s new Riverhead Transfer Station will enable it to consolidate and direct more waste to its Onehunga facility.
The company’s innovative waste diversion projects are supported by the Ministry for the Environment via grants from the Waste Minimisation Fund.
The fund provides financial support to projects that reduce environmental harm and provide social, economic and cultural benefits for New Zealand.
Green Gorilla operates a modern fleet of vehicles, including two fully electric waste collection vehicles and eight EV support vehicles.
Green Gorilla is a member of the New Zealand Green Building Council, WasteMINZ and the Sustainable Business Network. It is a proud sponsor of NZGBC Homestar V4 and Sea Cleaners, removing rubbish from our sea, harbours and oceans.
In 2015, the company was a finalist in the NZI National Sustainable Business Network Awards and shortlisted in the WasteMINZ Awards.
The company also supplies the wood chip biofuel for the Golden Bay Cement energy project, winner of the 2012 EECA Renewable Energy Award.
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