Riverhead industrial with vacant possession and flexible options

‘Must sell’ industrial opportunity

A standalone industrial property in Riverhead is for sale with vacant possession plus the option to immediately lease the yard, providing prospective purchasers with the flexibility of a ready income stream.

Located at 3 Timber Place, within the new Mill Industrial Park subdivision, the property comprises a versatile 507sq m warehouse with amenities on a 2,320sq m freehold site.

Ryan de Zwart of Colliers International and Chase Erceg of Barfoot & Thompson are marketing the property for sale by auction at 1pm on Wednesday 1 May, unless it is sold earlier.

“This is a chance for owner-occupiers or add-value investors to secure a sought-after fee simple, standalone industrial building within Auckland’s growing northwest,” says de Zwart.

“The property is being sold by an owner-occupier going out of business, making this a ‘must sell’ opportunity.

“Built in 2015, the improvements comprise a large warehouse with dual roller door access, along with a side wing containing a workroom, lunchroom, two toilets and two showers.

“A secure metalled yard of some 1,500sq m allows for future expansion or redevelopment.

“The versatile warehouse and yard are available with vacant possession, making the property suitable for owner-occupiers.

“Alternatively, prospective purchasers can negotiate a lease with local business Ross Tanks, which currently occupies the yard and has signalled its willingness to remain.”

The warehouse is built of fire-rated pre-cast concrete walls with Colorsteel external cladding and roofing. It provides some 462sq m of industrial space with stud heights of up to approximately 6m with a north-facing canopy over one of the roller doors.

The main warehouse of about 372sq m is rectangular in shape, with a 1-tonne gantry crane. An additional side wing of some 45sq m includes a 2-tonne gantry crane and 45sq m mezzanine workroom. The lunchroom, toilets and showers account for 45sq m.

The Light Industrial zoned site currently houses three Portacom buildings, two belonging to Ross Tanks and the third owned by the vendor.

Ross Tanks will remove its portable buildings should the buyer require vacant possession. The buyer has the option to purchase the third Portacom from the vendor if required.

Erceg says the property offers excellent access, with car parking directly in front of the building and additional space to the rear for extra parking or additional storage.

“The site allows for a wide range of business uses. The large yard can be leased separately from the warehouse and redeveloped in the future should expansion be required.”

Erceg says the property is well-located at the end of a cul-de-sac in a growing industrial area, west of Riverhead township, that has already attracted strong, established tenants.

“Companies in the surrounding area include Atlas Concrete, Chi Drinks, JSC Timber, North Treat and Earth Tec Projects.”

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.

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