As the demand for industrial floorspace in Auckland continues to rise, a well-presented trade unit in Wairau Valley on the North Shore offers buyers a range of options.
8A Parity Place, Wairau Valley has 170sq m of net lettable area and the current longstanding occupant utilises the property to operate two automotive businesses.
The existing tenant’s lease has come to an end and the new owner will have the opportunity to take vacant possession within three months or renegotiate a new lease for the current occupant.
The property is located on the edge of a block of four units and offers good visibility from the road with excellent profile for signage.
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With four dedicated car parks there is convenience for staff and clients, while the location of the property is 9km north of the CBD via the Auckland Harbour Bridge and Takapuna can be reached in approximately 10 minutes under normal driving conditions.
The property is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
Colliers Brokers Mike Ryan and Ryan de Zwart have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Tuesday 29 August, unless sold prior.
Originally constructed in the late 1970s, the property features basic blockwork construction with a concrete floor, steel purlins supporting a long run iron roof, and easy access via two roller doors.
This versatile and functional design makes it an ideal workshop that would suit a range of potential occupants.
Ryan, Industrial Sales and Leasing Broker at Colliers, says the lack of available industrial floorspace across the wider Auckland region makes this a highly appealing offering.
“Research from Colliers notes that industrial vacancies rates in Wairau Valley are only 3.3 per cent, which exemplifies this is a tightly held area,” Ryan says.
“The new owner will have the opportunity to occupy the premises and run their own operation while not being bound to a lease meaning they can control their own destiny.
“Alternatively, discerning investors will see the potential on offer and may choose to acquire the property to add to their portfolio and lease it out and we foresee significant demand among prospective tenants due to the functionality the unit provides.”
De Zwart, Associate Director of Industrial Sales and Leasing at Colliers, says the location of the property offers access to the main arterial routes in Wairau Valley.
“Wairau Valley continues to undergo transformation and will always be an attractive location due to being surrounded by a large population base as well as excellent transportation links to the north and south via the nearby Tristram Avenue and Sunnybrae Road,” de Zwart says.
“Its established nature as an industrial hub on the North Shore means there are a number of big brands in the area, including Bunnings, Mitre 10, and Pak’nSave, alongside small trade businesses.
“When examining all of the underlying investment fundamentals this property shapes as a compelling purchasing opportunity and we encourage all interested parties to contact us immediately for more information.”
- Article supplied by Colliers
