Five units remain available for lease in a rare warehouse and office development in the highly sought-after area of Northcote that provides prospective tenants with the opportunity to secure a brand-new site on the North Shore.
The property, which is located at 14-18 Kawana Street in Northcote, has already been subject to significant interest.
Units 1 and 2 have been leased, while a 143sq m independent office space that sits above Unit 2 and comes with five car parks remains available.
There is also an on-site cafe that is available for lease.
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Colliers brokers Matt Prentice, Ryan de Zwart and Jack Tuson have been exclusively appointed to market the properties for lease and are open to all inquiries.
Prentice, director of sales and leasing at Colliers, says there have been a number of inquiries since the units were made available.
“The remaining units vary in size from approximately 497sq m to 556sq m and have excellent warehouse to office ratios that make them highly functional units that will serve a range of purposes,” Prentice says.
“Each unit comes with dedicated car parking, electric roller door access, and air conditioning. There is 40sq m of canopy attached to each individual unit providing further convenience for loading and unloading goods.”
Construction is underway at the development and it is expected to open in July, providing prospective tenants with time to strategically plan their next moves.
The cafe offers a floor area of 108sq m with a 35sq m deck and includes 10 dedicated car parks.
Prentice says the cafe should prove popular given the neighbouring businesses on Kawana Street and Woodside Avenue.
“Hospitality operators will realise the potential on offer from this cafe given there’s readymade groups of customers potentially sitting behind the premises.
“This area is starved of quality food and beverage options and with its enticing road-front location, this site will enjoy excellent exposure to passing traffic. There is strong potential on offer for an experienced operator to make the most of this premises to help it thrive.”
Kawana Street is 350m away from Onewa Road, which offers immediate access to State Highway 1 with Auckland’s CBD a short drive away.
Northcote is also located near Birkenhead, Northcote Point and Hillcrest, which are all part of the rapidly growing Kaipatiki Local Board area.
The complex is zoned Business – Light Industry Zone under the Auckland Unitary Plan and this designation anticipates industrial activities that do not generate objectionable odour, dust, or noise, including manufacturing, production, logistics, storage, transport, and distribution activities.
Looking at the leasing market for the year ahead, Prentice, who specialises in sales and leasing, says he expects the low vacancy rates to remain a theme in the industrial market throughout Auckland in 2022.
“On the North Shore there’s a distinct lack of supply, which means good quality leasing space is hard to come by for prospective tenants that are looking to make the most of their leasing options and find the right site for their needs,” Prentice says.
“Developments such as the one at Kawana Street are incredibly rare and there’s less than a handful of similar sites under construction on the North Shore. This only adds to the demand among prospective tenants.
“The shortage of quality stock that is available for lease also points to rental rates remaining firm throughout the year as companies continue to assess their options for the future, while trying to find cost-effective solutions for their firms.”
- Article supplied by Colliers
