The large South Auckland industrial premises that have served as a key distribution centre for a leading New Zealand carpet maker have been put on the market for sale or lease.
The more than 8,000-square-metre freehold site in the in-demand Wiri industrial precinct is currently leased to Bremworth Carpets and Rugs, a premium rug and carpet company with a 60-year trading history and manufacturing facilities in Auckland, Napier and Whanganui.
The upcoming final expiry of the lease will open the way for new occupiers from February 2024.
The industrial facility on Hautu Drive currently generates an annual net rental return of $993,188 plus outgoings and GST.
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A market rental appraisal suggests this could be increased to $1,139,320 plus outgoings and GST upon securing a new occupier.
The freehold premises at 6 Hautu Drive, Wiri, Auckland, are being offered for sale or lease through Stephen Scott and Greg Hall of Bayleys Real Estate.
The property will be sold or leased by way of deadline private treaty closing on Thursday 21 September.
Scott said the premises represented a rare opening for owner-occupiers, investors and tenants to secure a prime industrial property in a sought-after South Auckland industrial hub.
The well-presented, modern building of approximately 5,746 square metres with a 650-square-metre canopy sits on some 8,073 square metres of flat freehold land, with 14 car parks.
Zoned for heavy industry, the high-stud, clear-span construction and extreme heavy floor load capacity equip this facility superbly for major distribution activities.
Completed to a very high standard in 2004, the well-designed building features full precast concrete panel construction encompassing a more than 5,680-square-metre clear-span warehouse.
This offers a very generous stud height of 11.2 metres to 13.8 metres and a heavily reinforced thick concrete floor which can bear extremely high loads associated with large-scale distribution operations, Scott said.
Large roller doors and an expansive canopy at the front of the building facilitate drive-in/drive-out access for efficient all-weather loading and unloading.
A compact 65-square-metre dispatch office sits in front of the warehouse.
The front boundary features inwards and outwards goods access ways with automatic gates to allow disciplined movement of large trucks through the canopy.
Hall said the property presented some 60 metres of frontage to Hautu Drive, around 180 metres west of Roscommon Road which forms part of the main arterial route through the Wiri industrial area.
Being near Auckland s Southern and Southwestern motorways, Auckland International Airport, and the Wiri Inland Container Terminal, these premises are ideally located for a large distribution occupier.
Combined with the high-quality construction fit for a range of large-scale users, this strategic location will help ensure minimal vacancy and underpin future rental growth, Hall said.
- Article supplied by Bayleys
