A well-presented aircraft hangar at Ardmore Airport, one of New Zealand’s most active aviation hubs, offers a unique investment opportunity for commercial operators and private investors, Bayleys salespeople say.
Comprising 1,201sqm (more or less) of floorspace at Lot 44, 1166 Harvard Lane, the property is strategically situated minutes from Takanini – a thriving growth location bolstered by strong commercial and industrial activity and an evolving residential catchment.
Bayleys South Auckland associate director Greg Hall says the property’s excellent location and modern facilities make it a highly desirable asset at a time when private aeroplane use has risen, and quality aviation infrastructure is increasingly sought-after.
“Data shows a consistent rise in private plane movements since 2011, reflecting growing demand from both private arrivals and aviation enthusiasts. Ardmore Airport is a vital hub in New Zealand’s aviation sector, accommodating everything from flight training to private aircraft storage. This property offers a rare opportunity to secure a foothold in a tightly held area.
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“Built in 2004, the clear-span hangar is immaculately presented, accessible via new sliding doors to provide an internal opening of 26.5m. The interior boasts an as-new epoxy floor with underfloor heating, ensuring optimal aircraft storage and maintenance conditions.
“This property benefits from a superior finish and attention to detail, with amenities including an upstairs area featuring a kitchen, bathroom and shower facilities.
“At the ground level, towards the rear of the hangar, there is a toilet block, secure parts room, paint booth, workshop and garage fitted with a recently installed automatic door.
“One of the most significant advantages, however, is the availability of ample off-street parking. A concrete car park – a rarity for hangars of this type, provides clients and customers with convenient and secure parking options.”
Hall is marketing the property for sale by deadline, closing at 2:00 pm on Thursday, 26th September 2024 (unless sold prior) with Bayleys colleague Matt Mimmack.
They highlight that the property currently benefits from a 10-year lease with an annual ground rent of $30,703 net, and there is an opportunity to renegotiate a new 30-year lease upon settlement.
Bayleys North Shore manager Matt Mimmack says the prospect of extending the lease provides investors with a unique advantage, offering long-term stability and security that is particularly valuable in today’s market.
“Such enduring tenure enhances the investment’s appeal by reducing uncertainty,” he says.
“Properties like this, with such a prime location and extensive amenities, don’t come up often. The chance to secure a new 30-year lease term adds significant value, making this an attractive proposition for both commercial operators and private investors.”
As one of the busiest airports nationwide, Ardmore Airport serves as a central hub for both private and commercial aviation and sustains a broad spectrum of activities, from recreational flying to military training.
“The popularity and versatility of the location add fundamental value for the asset, which benefits from its strategic location amongst one of the country’s fastest-growing areas.
“With industrial property experiencing strong demand, especially for specialised assets like this, the current market presents an opportune time to secure a stake in one of the country’s most active aviation locations.”
- Supplied by Bayleys
