Premium leasing opportunity in Albany

A top-quality industrial property in a highly sought-after location in Albany on Auckland’s North Shore is available for lease.

Located at 15 Ride Way in the Rosedale industrial precinct, the building has 5,027sq m of total net lettable area and 1,000sq m of yard space. The property is zoned Business – Light Industry Zone under the Auckland Unitary Plan.

There is a large canopy and full drive-around access, as well as multiple roller doors offering entry to the building. The site is fenced and secure and there are 34 on-site car parks available, providing convenience to future occupants and suppliers.

Ride Way runs off William Pickering Drive and Beatrice Tinsley Crescent, while the motorway network is nearby allowing connectivity with other parts of Auckland.

Given the scale of the property and its strong transport connections, it will suit a wide array of businesses. The facility was previously used as a distribution centre.

Colliers Directors Matt Prentice and Shoneet Chand have been exclusively appointed to lease the property by negotiation.

The property offers an appealing 90 per cent warehouse to 10 per cent office ratio. There is 4,081sq m of warehouse space with a stud height ranging from 7.3m to 8.75m.

There is 449sq m of office, showroom, and amenities space that is spread across the ground and first floor.

Prentice, Director of Industrial Sales and Leasing at Colliers, says the highly functional property has a number of features that will appeal to prospective occupiers.

“There is friendly truck access and an accessible container drop area that will assist businesses with their operations,” Prentice says.

“The property is secure and the additional development land at the site could be utilised strategically depending on the incoming requirements of the new tenant.

“The landlord has been clear that they want offers presented and this is an opportunity to secure a sizeable property in a popular location.”

Aside from easy access to the nearby motorway network, there are a host of surrounding amenities that are on hand and Westfield Albany is only 3km away via Bush Road.

In the immediate area, considerable development of industrial and mixed-use facilities has taken place during the past 15 years, creating a thriving commercial district.

Research from Colliers notes the industrial vacancy rate across the wider Auckland region is 1.75 per cent, indicating the lack of available floorspace.

In the North Harbour hub, where the subject property is located, the vacancy rate for prime property is only 0.4 per cent, suggesting strong demand for space.

Chand, Director of Investment Sales at Colliers, says with industrial floorspace in such short supply, this property provides occupiers with the chance to secure the future operations of their business in a prime North Shore location.

“Occupiers will be drawn to this property given the potential on offer as a range of different businesses could use it,” Chand says.

“As outlined in the Auckland Unitary Plan, the zoning for the property anticipates industrial activities including manufacturing, production, logistics, storage, transport, and distribution.

“We encourage all interested parties to reach out to us to explore their options.”

- Supplied by Colliers