A prominently positioned retail showroom and warehouse in Albany on Auckland’s North Shore is being presented to the market for sale and is available with vacant possession from later this year.

Unit 8, 2 Tawa Drive, Albany has 759sq m of total building area and the stratum in freehold property is zoned Business – Light Industry Zone under the Auckland Unitary Plan.

Sitting in a road-front position among a block of eight units known as the Trade Centre, the subject property benefits from significant exposure to passing traffic from this highly visible location on the corner of Tawa Drive and Rosedale Road.

Currently tenanted by an electrical goods firm, there is $175,407 plus GST per annum in net holding income until October when the premises will become vacant.

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A market rent appraisal from Colliers suggests the unit has good immediate growth potential on the current contract rent.

Built to stand the test of time, the predominant precast concrete premises features a 6m to 7.6m stud height throughout, with roller door access to a rear service lane. There are also 14 car parks providing convenience for future customers and suppliers.

Sitting only 500m from the Northern Motorway’s Greville Road exit, the property offers ready access to the State Highway network.

Colliers Directors Matt Prentice, Shoneet Chand, and Jack Tuson have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Tuesday 11 March, unless sold prior.

The practically designed unit has a high warehouse and showroom ratio and also provides a small, partitioned office space.

Prentice, Director of Industrial Sales and Leasing at Colliers, says being able to acquire the property with future vacant possession will mean motivated purchasers can establish their operations quickly.

“Owner-occupiers will have the ability to set up shop and begin trading in a well-maintained premises,” Prentice says.

“Investors may look to secure the building and tenant it and we expect there would be strong demand for this property owing to its favourable warehouse ratio and user-friendly layout.”

Chand, Director of Investment Sales at Colliers, says the location of the subject property is a considerable drawcard given its proximity to the motorway and all of the nearby amenities in Albany such as Massey University and Westfield Albany.

“Tawa Drive forms a feeder road from the Greville Road interchange to the Albany Basin, whilst Rosedale Road forms an arterial route connecting the Albany Basin and North Harbour Industrial Estate to more local business park subdivisions and the residential suburbs of the East Coast Bays,” Chand says.

“Other tenancies within the Trade Centre include Kresta Blinds, a tile showroom, Resene Paints, Carpet Court, Hollywood Fish Farm, and Chesters Plumbing & Bathroom Centre, among others.”

Tuson, Associate Director of Industrial at Colliers, says when weighing up all of the pertinent information, this property has a combination of factors such as the zoning, location, and functionality that make it highly desirable.

“Rarely has a unit been available in this tightly held development that is full of established businesses,” Tuson says.

- Supplied by Colliers