A highly visible property in the sought-after industrial location of East Tāmaki in Auckland offers buyers the opportunity to secure a quality asset with add-value potential.
15 Lady Ruby Drive, East Tāmaki has 6,314sq m of net lettable area and sits on a 14,464sq m landholding that is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
The two-level property will soon be majority vacant, making this an attractive offering for owner-occupiers and investors.
There are 70 on-site car parks available while there are two vehicle crossings with drive-around access. There is also 85m of road frontage to Lady Ruby Drive.
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East Tāmaki is a tightly held industrial location that has incredibly low vacancy rates and benefits from its access to key transport networks and surrounding amenities. The latest research from Colliers highlights the East Tāmaki precinct has a vacancy rate of 0.4 per cent for prime industrial floorspace.
Colliers Directors Paul Higgins and Hamish West have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 25 September, unless sold prior.
The warehouse, equipped with sprinklers, has a height of 8.4m at the lower part, increasing to 9.45m at the highest point and spans 3,615sq m. It features excellent natural lighting and can be accessed through four roller doors on the south side, which are protected by canopies. There is also a small office area within the warehouse on the same side.
The modern offices are positioned to the front of the site and are divided into three separate tenancies. The front entrance leads to a reception area, with open plan office space, partitioned offices, and a boardroom directly behind it. The ground floor includes a lunchroom with access to a small outdoor courtyard and recently refurbished amenities.
To the western end of the ground level are two smaller office tenancies, each with exclusive access. This space presents to a similar modern standard with a mix of open plan and partitioned space. The total office space at the property measures 2,671sq m.
Higgins, Director of Industrial at Colliers, says given the majority of the property will be vacant in the coming months, there is considerable flexibility on offer for buyers.
“Owner-occupiers will recognise the opportunity to secure their own space in one of Auckland’s most desirable industrial locations and not be bound to any future lease agreements while controlling their own destiny,” Higgins says.
“Investors can explore add-value opportunities and look to complete potential upgrades to the property before leasing it to new occupants. A market appraisal from Colliers suggests the rental income from the property could be up to approximately $1,275,990 when fully tenanted.”
The subject property benefits from its proximity to the Highbrook Business Park, which offers various amenities, including hotels, cafes, childcare facilities, and banks.
The nearby main arterial routes of East Tamaki Road and Te Irirangi Drive provide connections to the motorway network, Pakuranga, and Botany Town Centre.
In the wider East Tāmaki area, prominent businesses such as DHL, Mainfreight, Fisher & Paykel, NZ Post, Komatsu, BNZ, and Ford have all established themselves, underscoring the favourable operating conditions.
West, Director of Industrial at Colliers, says this premium location will provide considerable appeal for prospective purchasers.
“The Auckland Airport is only 13.1km away from East Tāmaki, while the centrality of the suburb means Auckland’s CBD is also accessible,” West says.
“The subject property benefits from a strong street presence and its accessibility is another drawcard."
- Supplied by Colliers
