An industrial office and warehouse unit in the sought-after North Shore location of Rosedale is being presented to the market for sale and will appeal to buyers seeking a high-quality passive investment.
Unit 2, 49-51 Paul Matthews Road, Rosedale has 790sq m of total floor area spread across two levels. Sitting as the rear unit in a north-facing block of two, the property benefits from 16 dedicated on-site car parks.
The stratum in freehold unit is tenanted by Nuzest, who specialise in premium plant-based nutritional supplements, formulated by independent health professionals and nutritional scientists to support overall health and wellbeing.
Their four-year lease term began in November 2024 and there are two further rights of renewal in place for two years each leading to a final expiry of 31 October 2032.
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AI Yoga Albany subleases the first floor office space on a three-year term that began in May 2024 and they have a one-year renewal available.
The total annual rental income for the property is $185,000 plus GST and operating expenses.
Situated in the heart of the Rosedale commercial and industrial precinct on Auckland s North Shore, the property enjoys excellent connectivity. Paul Matthews Road is a key arterial route linking Albany Highway and the Northern Motorway providing easy access to the State Highway network.
Colliers Directors Matt Prentice and Shoneet Chand have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 23 April, unless sold prior.
The unit has been incredibly well maintained and presents in exceptional condition. The ground and first floor office space are equal in size measuring approximately 207sq m, while the high stud warehouse spans 377sq m.
Prentice, Director of Industrial Sales and Leasing at Colliers, says the property will appeal to discerning investors looking to acquire an asset in an area with low levels of industrial vacancy.
"Research from Colliers indicates the overall vacancy rate for industrial property across Auckland is only 2.1 per cent," Prentice says.
"When looking at the North Harbour hub, where the subject property is located, the vacancy rate for prime industrial property sits at only 0.3 per cent, indicating the strength of demand for properties in this area."
As the interest rate environment continues to improve for investors, industrial property will continue to grow in appeal as an asset class.
Chand, Director of Investment Sales at Colliers, says the Rosedale industrial precinct benefits from access to the motorway network and nearby amenities and serves as a popular home for a range of established firms.
"This strategic location ensures seamless travel to Albany, West Auckland, and the Auckland CBD, with typical drive times of approximately 15 minutes outside of peak hours," Chand says.
"The area is a thriving business hub, home to a mix of industrial, office, and retail operators, making it a sought-after destination for businesses seeking convenience and accessibility."
The property is zoned Business Light Industry Zone under the Auckland Unitary Plan. This designation anticipates industrial activities that do not generate objectionable odour, dust, or noise. This includes manufacturing, production, logistics, storage, transport, and distribution activities.
- Supplied by Colliers
