BMW Group's New Zealand headquarters is for sale, following the company's decision to quit its long-standing home in Mt Wellington.
The car group, which has been located at Pacific Rise Business Park for more than two decades, is currently seeking a new base of operations.
Colliers International, which is handling BMW's search for a new headquarters, is also selling the current building at 7 Pacific Rise, by way of international expressions of interest, closing at 4pm on October 28.
The property comprises a 4,168sq m commercial building on 6,595sq m of freehold land next to State Highway 1.
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Gareth Fraser, Auckland director of investment sales at Colliers, says the property will appeal to a wide range of buyers.
“With longstanding owner-occupier BMW Group moving on, this is an opportunity to occupy or invest in a tightly held location," he says.
“The three-level building provides a versatile mix of office, showroom and warehouse space.
“The building is suitable for e-commerce, distribution, storage, office and showroom use, or a combination of all of these.
“The large site, combined with flexible Business Park zoning, also makes the property suitable for future expansion or redevelopment.”
Charlie Oscroft, director of Colliers’ Auckland investment sales team, says the property has strong amenity value. “The property is next to the on-ramp to State Highway 1, which is Auckland’s busiest arterial route. Auckland CBD is a 15-minute drive away, while the motorway also provides connections to Newmarket, Greenlane, Penrose, Manukau, East Tamaki and Wiri."
The commercial accommodation is split across two levels, with 456sq m of office space on the ground floor and 801sq m on the first floor.
The ground floor also provides a 185sq m reception and lobby, a 205sq m showroom and 131sq m bistro.
The lobby is double height and features extensive floor to ceiling glazing and an eye-catching staircase leading to the first floor.
Functional space includes a 1,662sq m basement, 175sq m workshop and 219sq m of storage.
The property also provides 32 external car parks and 108sq m of outdoor terraces.
Colliers says BMW would consider a lease back of 500sq m of office space, providing short-term income for a new owner. BMW is also prepared to consider a potential delayed settlement to 30 June 2021 at the latest.
