A large, vacant site in the heart of Manukau’s industrial precinct with a highly functional premises is expected to be keenly sought-after and appeal to a wide range of owner-occupiers, add-value investors or developers.
The freehold site at 17 Ryan Place spans some 16,488sq m with the current premises providing a low coverage of 2647 sq m, comprising a 2129sq m medium stud warehouse, 157sq m office and 130sq m canopy.
Colliers has been exclusively appointed to market the property for sale by deadline for offers closing at 4pm, Wednesday August 18, unless sold prior.
Paul Higgins, director of industrial at Colliers, says vacant industrial sites of this size rarely come on to the open market in such a sensational spot.
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“This high-profile expansive site boasts a great warehouse facility and should appeal to owner-occupiers, investors or developers that are looking to add to their portfolio,” Higgins says.
“The medium stud warehouse is equipped with multiple roller doors and an adjoining single level office space.
“The remainder of the site is a predominantly sealed yard that is entirely fenced and secured, making it suitable for container devanning and storage. This presents a wide range of business opportunities for the future.
“The property has ample onsite car parking, which only adds further appeal.”
Hamish West, director of industrial at Colliers, says Wiri and Manukau is fast becoming the most sought-after industrial and commercial area in Auckland.
“Many leading companies now choose to call Manukau their home with a healthy mixture of large format retail, traditional retail, and industrial operators in place leading to a wide range of businesses that offer a number of amenities for occupiers and staff to take advantage of,” West says.
“Developable and vacant land in the region is becoming increasingly scarce, which provides the new owners with a truly exceptional opportunity – it’s a site to behold.”
Ryan Place is located close to the busy intersection of Great South Road and Cavendish Drive, just a stone’s throw from Te Irirangi Drive motorway on-ramps.
Mitch Broderson, associate director of industrial at Colliers, says the location presents several benefits.
“This popular central Manukau spot is well-served by both its easy accessibility and the number of popular amenities nearby,” Broderson says.
“The recent extension to State Highway 20 gives access to the wider Auckland region, with travel times to Auckland Airport considerably shortened.
“The site is near the local Westfield shopping centre and the surrounding ancillary retail provides an abundance of local amenities.”
The location is zoned for Business – Light Industry under the Auckland Unitary Plan, which anticipates industrial activities that do not generate objectionable odour, dust, or noise.
This includes manufacturing, production, logistics, storage, transport, and distribution activities. The anticipated level of amenity is lower than the centre's zones, Business – General Business Zone and Business – Mixed Use Zone. Due to the industrial nature of the zone, activities sensitive to air discharges are generally not provided for.
Given the appealing combination of location, site size, and vacant possession of a highly functional building, Higgins anticipates this property will generate strong interest from a range of parties.
“We expect to hear from people from throughout the country for what looms as an attractive asset. We recommend prospective purchasers undertake due diligence as soon as possible to avoid disappointment.”
- Article supplied by Colliers
