An industrial property in Wairau Valley on Auckland’s North Shore is being presented to the market for sale for the first time in over 30 years and will draw interest from owner-occupiers, investors, and developers.
Located at 17 Parity Place, the 963sq m office and warehouse building sits on a slightly elevated 1,776sq m site that is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
The property was previously utilised as a joinery shop but is available with vacant possession, making it a blank canvas opportunity for prospective purchasers that offers considerable add-value potential.
The secure and gated site offers 15 dedicated car parks and is located at the end of a cul-de-sac that is readily accessible from Sunnybrae Drive.
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Colliers Brokers Mike Ryan and Matt Prentice have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Tuesday 3 December, unless sold prior.
The building comprises a 706sq m workshop with 257sq m of office space. There are amenities and a staffroom within the facility.
Ryan, Industrial Sales Broker at Colliers, says the property warrants consideration from a wide array of buyers.
“Given the property can be acquired with vacant possession, the new occupants could potentially set up their operations and begin trading quickly,” Ryan says.
“Alternatively, an investor may look to add value to the property through investment and then tenant it accordingly. There is also potential to reposition the property giving developers an angle to explore.
“Our vendors have instructed us that the property must be sold so we encourage interested parties to approach us with all offers.”
The Business – Light Industry zoning means the property can be utilised for a range of different operations.
As per the Auckland Unitary Plan, the zone anticipates industrial activities that do not generate objectionable odour, dust, or noise. This includes manufacturing, production, logistics, storage, transport, and distribution activities.
Industrial floorspace remains in short supply across Auckland and recent research from Colliers notes the overall vacancy rate for industrial buildings across the city is only 2.1 per cent.
This figure is even lower within Wairau Valley, pointing to the ongoing demand for the precinct.
Aside from the industrial operators who have chosen to base themselves in the surrounding area, Wairau Valley also has an extensive retail offering with well-known brands such as Noel Leeming, Harvey Norman, and Rebel Sport in the suburb. There are also a host of other key amenities within a short drive of the subject property.
Prentice, Director of Industrial Sales and Leasing at Colliers, says Wairau Valley is an established industrial hub that has long been a coveted location.
“Access to the Northern Motorway is readily available from the Tristram Avenue interchange with alternative access at the Northcote Road interchange, which is closer to Takapuna,” Prentice says.
“Travel time to and from the Auckland CBD would be approximately 15 minutes, except during peak traffic hours, while there is also connectivity further north opening up access to the rest of the North Shore.
“This is a building that offers buyers a range of different options regarding its future usage.”
- Supplied by Colliers
