With demand for industrial property continuing to surge across Auckland, a functional warehouse and office unit in Henderson provides owner-occupiers or investors with the opportunity to secure a stake in the industrial market.
11B Woodruffe Avenue, Henderson has 278sq m of total floor area and serves as the rear unit of a complex that is easily accessible from the road.
The property is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
The two-level building comprises ground floor offices and amenities, 70sq m of first-floor office space, a 61sq m workshop, a 51sq m low stud warehouse, and a 71sq m high stud warehouse.
Start your property search
The property is available with vacant possession although the first-floor offices have a short-term lease in place until April 2024, which could be extended via negotiation.
Some of the warehouse space could be used in a leaseback arrangement if desired by the new owner.
The building sits just off Henderson Valley Road in a well-established industrial location that is a short drive from Henderson’s town centre.
Auckland’s CBD can be reached in approximately 25 minutes during off-peak traffic, while the development of the nearby Waterview Tunnel has improved accessibility to South Auckland and the airport precinct.
Colliers Directors Caroline Cornish and Dhiru Patel have been exclusively appointed to sell the property via deadline private treaty closing at 4pm on Thursday 21 September, unless sold prior.
Originally constructed in the 1980s, the unit is surrounded by amenities and public transport options as well as nearby rail connections.
Cornish, Director of Investment Sales at Colliers, says the property represents an opportunity for the new owner to acquire a serviceable unit in a busy industrial hub that is an appealing size.
“Owner-occupiers will be drawn to this offering as they will be able to control their own future and not be bound to a lease.
"Potential occupiers would also be able to strategically plan their future moves given there is holding income available through the office space,” Cornish says.
“Alternatively, investors may choose to lease the property and market estimates from Colliers suggest it could generate approximately $42,680 plus GST in annual rental income. There is also potential to add value in the future through refurbishment that would enhance the overall value.”
Patel, Associate Director of Industrial at Colliers, says industrial property remains in demand for operators of all sizes and scale.
“Recent research from Colliers notes the overall industrial vacancy rate across Auckland is only 1.7 per cent and floorspace in all areas of the city remains sought-after,” Patel says.
“The wider Henderson-Massey area has enjoyed consistent employment growth during the past five years with figures outpacing the national average, as per data from Infometrics. Construction and retail trade are two key growth areas in the region and this unit could be suitable for those purposes.”
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.
- Article supplied by Colliers
