A highly functional office and warehouse building in East Tāmaki that will be available with vacant possession six months following settlement is being offered to the market for sale.
16 Polaris Place, East Tāmaki has 1,369sq m of net lettable area on a 2,481sq m freehold site that is zoned Business – Heavy Industry Zone under the Auckland Unitary Plan.
The property is being sold as vendors Fluid Connectors are moving to a larger premises in East Tāmaki due to the expansion of their operations, having established themselves at the subject property since 2010.
The new owner will benefit from holding income of $231,991 plus GST per annum that is in place while Fluid Connectors finalise their move.
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This offering will hold appeal to owner-occupiers who will have a rental stream in place while they chart their way forward.
Alternatively, investors could seize the opportunity to add this asset to their portfolio.
The property is ideal for businesses seeking an industrial facility with ample space for their operations and vehicle access.
Colliers Directors Todd Kuzmich, Edward Washer, and Paul Higgins have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Tuesday 1 October, unless sold prior.
The warehouse and workshop area spans 953sq m and has a generous power supply.
There is scope for improvements to the property to suit the incoming requirements of the future occupier.
The property includes 177sq m of office space split across two levels, featuring a reception desk, multiple offices, and a showroom.
There is also an 85sq m mezzanine storage area.
Attached to the rear of the factory is a generously sized lunchroom that is adjacent to Greenmount Park.
The site benefits from a paved jointly owned access road leading from the top of the Polaris Place cul de sac. It includes a sealed driveway and yard area for on-site car parking and heavy vehicle manoeuvring.
Polaris Place is a quiet street and sits off the main arterial of Harris Road, it also offers good access and street parking.
Kuzmich, Director of Industrial at Colliers, says owner-occupiers and investors will have considerable interest in this property.
“With six months of holding income from settlement, the new owner can strategically plan their next steps if they want to utilise the facility for their own business operations,” Kuzmich says.
“Investors may also note the potential on offer and choose to lease the property and we foresee there would be strong demand to tenant such a versatile asset.”
Washer, Director of Industrial at Colliers, says East Tāmaki is one of Auckland’s most keenly sought industrial locations as the motorway network can be reached in only a few minutes.
“The subject property is in the heart of East Tāmaki and is also only 3.2km from the Highbrook Business Park, which offers access to a host of amenities, including hotels, cafes, childcare facilities, and a gym,” Washer says.
“The latest research from Colliers notes the East Tāmaki precinct has a vacancy rate of only 0.4 per cent for prime industrial floorspace. This exemplifies how tightly held this popular hub is.”
Higgins, Director of Industrial at Colliers, says the zoning is another drawcard given the flexibility it provides.
“As highlighted in the Auckland Unitary Plan, the Business – Heavy Industry Zone provides for industrial activities that may produce objectionable odour, dust, and noise emissions,” Higgins says.
“A key attribute of the zone is that it contains sites large enough to accommodate large-scale industrial activities.
“The combination of being able to secure a functional industrial premises with this favourable zoning in East Tāmaki is rarely seen on the open market.”
- Supplied by Colliers
