Prime industrial properties with vacant possession are incredibly hard to find in the current Auckland market, which makes a large-scale landholding with an existing warehouse in Wiri an unparalleled purchasing opportunity.
19 Druces Road, Wiri has 3,566sq m of available warehouse space on a substantial freehold site that spans 19,205sq m and is zoned Business – Light Industry Zone under the Auckland Unitary Plan. Vacant possession of the property will be available from 1 June.
Wiri is one of the most sought-after industrial locations across Auckland due to its motorway access and connectivity to the Wiri Inland Port and Auckland Airport. High-profile industrial operators such as The Warehouse, Frucor, and Downer populate the area.
The flat site and current improvements mean the property can be configured in a range of different ways and could be split with relative ease.
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Colliers Directors Paul Higgins and Greg Goldfinch have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 12 April, unless sold prior.
The property sits on a rear site away from the road and houses a 3,566sq m high stud bulk store building that was constructed circa 2007. The original on-site buildings have since been demolished with the exception of a low stud side warehouse, leaving approximately 14,000sq m of usable yard space.
Higgins, Director of Industrial at Colliers, says the lack of supply of industrial land across Auckland makes this a highly appealing property for a wide array of buyers.
“This property offers owner-occupiers the opportunity to acquire a site that can be developed to fit their specific needs while providing them with the future freedom of not being bound to a lease,” Higgins says.
“On the other side of the coin, investors will recognise the significant opportunities this property presents, and they could look to develop it further and secure tenants for the site.”
Higgins says recent research from Colliers shows how tightly constrained the availability of industrial space is across the Auckland region.
“The data notes the prime industrial vacancy rate for Wiri is stubbornly low at only 0.2 per cent,” Higgins says.
“In the neighbouring Airport Corridor and M?ngere precinct the figure is the same, which indicates how challenging it is to secure functional industrial premises.”
The subject site is strategically located with the centre of Manukau less than 1km away.
“The proximity of Wiri to all of the major transport links, including highways, ports, and the airport means it will always be a coveted industrial hub among occupiers.”
Goldfinch, National Director of Industrial at Colliers, says the flexible zoning of the property means it can be used for a range of different purposes.
“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,” Goldfinch says.
“This zoning means buyers will have a blank canvas to work from when they acquire this top-tier asset.”
Goldfinch says given the potential on offer and sheer size of the landholding this property will be one of the most sought-after industrial offerings of the year.
“It is incredibly rare to see this combination of scale and future flexibility packaged nicely into one site that can be developed in a number of different ways.
“We encourage all interested parties to contact us immediately to ensure they don’t miss out on this unique opportunity.”
- Article supplied by Colliers
