A highly visible office and warehouse building in the popular industrial location of Onehunga offers buyers the opportunity to secure a functional premises with vacant possession.
260 Church Street, Onehunga has 500sq m of total net lettable area on a freehold site spanning 736sq m that is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
Offering 60m of total road frontage, the property occupies a high-profile site on the corner of Church Street and Malvern Road. The property also has eight dedicated on-site car parks.
While available with vacant possession, there is some potential short-term holding income on offer, which can be negotiated.
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Onehunga remains one of the most desirable industrial locations in Auckland due to its access to the motorway network, airport, and rail lines, as well as the surrounding labour catchment.
Colliers Brokers James Dickey, Paul Jarvie, and Brad Johnston have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 26 July, unless sold prior.
Originally constructed in the 1970s, the subject property provides a single level office and showroom that is presented to a modern standard accompanied by a medium stud warehouse.
The improvements have undergone extensive refurbishment during the past 10 years.
The warehouse measures approximately 200sq m and is of a regular shape and is accessible via a single roller door. The property is of concrete block construction and the roof comprises long run steel over the structural framework.
The showroom has a large open plan layout, creating an impressive space to showcase product. Adjacent to the showroom there are well-appointed offices that have been extended into the warehouse. The total area of the office and showroom spans 300sq m.
Dickey, Industrial Sales Broker at Colliers, says there is a vast amount of potential at the property that includes the optimisation of the current building.
“The three roller doors on the western side of the property give the incoming buyer considerable scope to either customise, split into smaller units, or to add value,” Dickey says.
“Alternatively, an owner-occupier may take the opportunity to utilise the property as their own premises and not be bound to any future lease requirements.”
Jarvie, Director of Industrial at Colliers, says securing industrial floor space across Auckland remains challenging given the scarcity of available offerings.
“Recent research from Colliers notes the overall industrial vacancy rate is only 1.7 per cent,” Jarvie says.
“The wider Onehunga and Penrose precinct is particularly sought-after and has a vacancy rate of only 0.5 per cent for prime properties, while neighbouring industrial hubs such as Mount Wellington and East Tāmaki have even less available prime floor space.”
Johnston, Director of Industrial at Colliers, says Onehunga has long been one of the most tightly held industrial hubs with strong occupier demand.
“The area’s accessibility makes it an industrial hot spot for tenants, owner-occupiers, and investors who covet the convenient access to Auckland’s key transport infrastructure components,” Johnston says.
“Many of the largest distribution and logistics facilities are based in the Onehunga and Penrose precinct. Church Street is one of the main arterial routes that helps connect Onehunga to nearby motorway on-ramps and the surrounding suburbs.”
The Business – Light Industry Zone anticipates industrial activities that do not generate objectionable odour, dust, or noise. This includes light manufacturing, production, logistics, storage, transport, and distribution activities.
- Article supplied by Colliers
