The land and buildings of a large-scale industrial property with long-term upside in the highly sought-after South Auckland suburb of Wiri are being offered to the market for sale.
261 Roscommon Road, Wiri has 8,995sq m of total building area across three separate structures on a 25,992sq m freehold site that is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
Properties of this size and scale are scarcely seen on the open market and this represents a rare purchasing opportunity for buyers. There is 174m of street frontage to Roscommon Road.
The offering includes a short-term sale and leaseback arrangement for the existing occupier, Nissan New Zealand, who will be moving to a more contemporary premises within the local area that aligns with its staff and business requirements.
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The terms of the proposed leaseback allow for the warehouse and technical services building to be leased until 16 January 2026 for $800,000 plus GST per annum. The office building will be leased for three months from settlement for $10,000 plus GST per month.
This potential agreement means there is considerable holding income while the new owner strategically plans their future moves for this top-tier property. The vendor will also consider alternate terms to meet the needs of the new owner.
Wiri, one of the most in-demand commercial locations in Auckland, offers the perfect platform for industrial businesses owing to its connectivity to key transport infrastructure.
Colliers Directors Todd Kuzmich and Greg Goldfinch have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Thursday 31 October, unless sold prior.
The sprinklered warehouse spans 5,867sq m and comprises functional, well-maintained storage space with four bays of steel portal frames supported on concrete columns and a minimum stud height of 6m rising to 6.5m.
The warehouse benefits from full drive-around access with raised and sunken docks each side.
The multi-storey office building measures 2,248sq m and provides a mix of open plan and partitioned office space with the ground floor having been refurbished in recent years.
The third and smallest building measures 880sq m and was historically Nissan’s cafeteria but was converted to a technical training facility.
Kuzmich, Director of Industrial at Colliers, says properties of this nature are seldom available for purchase.
“The big opportunity here is to secure a significant Wiri industrial landholding to redevelop and/or occupy. The warehouse is a functional B-grade building, which could suit an occupier or continue to provide income until the property is redeveloped,” Kuzmich says.
“With holding income in place, there is flexibility for the new owner while they plot their next moves.”
Wiri offers industrial occupiers easy access to the motorway network that can be reached in only a few minutes. Auckland Airport is 9.1km away and the Wiri Inland Port is readily accessible.
Surrounded by prominent industrial firms such as The Warehouse, Frucor, Americold, and Visy, Wiri is an A-grade location for businesses to thrive.
Goldfinch, National Director of Industrial at Colliers, says this offering has appealing qualities that will attract owner-occupiers and developers.
“Owner-occupiers may look to acquire this attractive asset for their own business operations and not be bound to a future lease agreement,” Goldfinch says.
“On the other hand, developers may choose to purchase this property and lease the warehouse on a short-term basis before redevelopment.”
The Business – Light Industry Zone anticipates industrial activities that do not generate objectionable odour, dust, or noise. This includes manufacturing, production, logistics, storage, transport, and distribution activities meaning a range of potential occupants will have interest in this property.
- Supplied by Colliers
