A large industrial yard in the West Auckland suburb of Avondale is available for purchase and will hold strong appeal for investors, owner-occupiers, and developers due to its strategic location and scale.
75 Patiki Road, Avondale has 11,267sq m of total land area, a stand-alone 645sq m building, and is zoned Business – Heavy Industry Zone under the Auckland Unitary Plan.
The property is tenanted by three different businesses, while there is also a cell tower in one corner that occupies 188sq m of space.
Across the four occupants there is approximately $490,000 plus GST in net annual rental income available from the property.
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Outside of the cell tower, the final lease expiry across the other tenants is in August 2026.
However, by exercising the redevelopment clauses, the site could be vacated by November 2025, which opens up opportunities for occupiers and developers.
The site boasts 190m of road exposure to the nearby motorway, which is easily accessed. Auckland CBD can be reached quickly, while the airport is only 20 minutes away.
Colliers Directors Shoneet Chand and Matt Prentice have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Tuesday 28 May, unless sold prior.
Surrounded by well-known industrial operators, the subject site sits in a popular precinct for commercial and industrial activity.
Patiki Road is an important thoroughfare connecting Rosebank Road to the south and State Highway 16 to the north.
Chand, Director of Investment Sales at Colliers, says yards of this scale that will soon be available for occupation are rarely presented to the open market.
“The highly visible property enjoys major exposure to State Highway 16 and there are multiple angles to be explored among prospective purchasers,” Chand says.
“Investors would generate significant demand among potential tenants due to the limited available industrial yard space across Auckland, while owner-occupiers may be keen to acquire the property so they are not bound to a lease and can shape their own future.
“Developers could target the property to reposition the site and capitalise on its popular location and considerable growth potential by delivering a large-scale development.
"The holding income in place from the existing leases would mean they could take their time to plan any future moves.”
Industrial property has long been one of the more appealing asset classes among investors given its strong fundamentals and proven performance across multiple decades.
Prentice, Director of Industrial Sales and Leasing at Colliers, says the favourable Heavy Industry zoning means there are a range of options available to the new buyer.
“As the Auckland Unitary Plan notes, the Business – Heavy Industry Zone provides for industrial activities that may produce objectionable odour, dust, and noise emissions. Air quality emissions standards that are different to the rest of Auckland will often apply,” Prentice says.
“A key attribute of the zone is that it contains sites large enough to accommodate large-scale industrial activities.”
- Supplied by Colliers
