Key office location in West Auckland

A highly visible office building in a sought-after location in West Auckland is being presented to the market with vacant possession and will draw interest among tenants, owner-occupiers, and investors.

Unit B, 111 Lincoln Road, Henderson has 1,113sq m of total net lettable area and the stratum in freehold property is zoned Business – General Business Zone under the Auckland Unitary Plan.

The property is currently tenanted by ACC until 28 February 2025, but could be available with vacant possession at the end of June.

With its prime road front position, the property benefits from significant exposure to one of the key arterial routes in West Auckland. In addition to the common car parks in the Lincoln Centre there are also 21 dedicated car parks on the title, providing convenience for the occupants.

The office is part of a larger shopping centre and sits near well-established national businesses such as The Warehouse, Spotlight, Nood, and Noel Leeming. Alongside these prominent retailers, Lincoln Road is also home to an extensive number of food and beverage outlets.

Colliers Brokers Benson Tarm and Caroline Cornish have been exclusively appointed to market the property for sale or lease via deadline private treaty closing at 4pm on Wednesday 22 May, unless sold prior.

Originally constructed in 1998, the property comprises a ground floor entrance and lobby leading up to the large first floor office that includes a reception and several individual meeting rooms. The large single floor plate provides a platform for seamless business flow.

Tarm, Investment Sales Broker at Colliers, says the opportunity to acquire this office building with vacant possession means prospective purchasers will have a range of options.

“Owner-occupiers will covet the opportunity to acquire the property and begin trading quickly, all while being in control of their own destiny by not being bound to a lease agreement,” Tarm says.

“Meanwhile, investors may tenant the building with a new occupant. Market estimates from Colliers suggest the annual rental income from the property could be approximately $315,000 plus GST and operating expenses.”

The accessibility to West Auckland and the subject property has greatly improved in recent years due to the enhancement of the surrounding motorway network. There are also a range of bus services that run through Lincoln Road.

The Waterview Tunnel has substantially reduced travel times and improved connectivity to the Auckland Airport.

West Auckland is a rapidly growing area featuring numerous housing developments with suburbs such as Westgate and Hobsonville benefiting.

The Henderson-Massey Local Board area’s total population in 2023 was 131,400, according to data from Infometrics, up 2.3 per cent from the year prior, a growth rate that outpaced the national figure of 2.1 per cent.

Cornish, Director of Investment Sales at Colliers, says this population growth has contributed to a growing demand for services and business development in West Auckland.

“The NorthWest Shopping Centre can be reached in approximately 10 minutes from the subject property, while New Zealand’s first Costco opened in West Auckland in 2022 in a nod to the potential of this fast-growing locality,” Cornish says.

“Further information from Infometrics notes the average growth of business units in the Henderson-Massey area during the past 10 years is 3.6 per cent, larger than the national figure of 2.3 per cent.

“Having the opportunity to secure a highly functional office building surrounded by such a complementary mix of amenities is something that is seldom seen in West Auckland.”

- Supplied by Colliers