A special use processing factory with office space and room for expansion near Auckland Airport shapes as a highly appealing purchasing opportunity for buyers looking to acquire a premier asset in a sought-after location.
80 Ascot Road, Airport Oaks is a 1,619sq m building that is spread across two levels and sits on a 3,348sq m freehold site that is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
The property is being presented to the market for the first time in 17 years and can be secured with vacant possession or a short-term lease to the existing tenant that would provide approximately $335,000 plus GST in net annual rental income or a figure to be agreed upon at settlement.
With only 42 per cent site coverage, the property has add-value potential while being located in a prime industrial district that is experiencing notably low vacancy rates.
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The property is only 4km away from Auckland Airport, while the nearby motorway network is readily accessible through State Highway 20A. Award-winning logistics, technology, and industrial business park The Landing is only minutes away.
Colliers Directors Brad Johnston, Matt Prentice, and Paul Jarvie have been exclusively appointed to market the property for sale with the deadline for offers closing at 4pm on Wednesday 8 June, unless sold prior.
The building comprises 194sq m of ground floor retail and office space, while the first floor office spans 217sq m. The lunchroom and amenities measure 74sq m.
The middle processing and chiller space is 324sq m, while there’s 248sq m of freezers, and the rear processing and chiller area covers 193sq m. There’s also a spacious forklift corridor, and dispatch facilities. The property offers separate rear and side canopies totalling 105sq m.
Johnston, Director of Industrial at Colliers, says the property is highly functional and the metalled yard space could also be utilised for storage if the building is not developed extensively.
“Having been constructed in 1982, the special use site has an A-grade NBS rating of 85 per cent, and the opportunity to acquire the property with vacant possession presents owner-occupiers with the chance to start trading immediately,” Johnston says.
“Investors may choose to tenant the site and enjoy the short-term holding income on offer before looking to secure a new long-term occupant.
“The latest research from Colliers notes there is a 1.9 per cent vacancy rate among industrial properties across Auckland, indicating this site would generate strong demand.”
Prentice, Director of Industrial Sales and Leasing at Colliers, says the property is surrounded by established operators in a popular industrial precinct.
“Household names such as Mondiale, Synlait, Hellmann Worldwide Logistics, Bollore, DHL and many other logistics and transport operators have chosen to call this area home, which shows the strength of the wider precinct,” Prentice says.
“Properties in the immediate vicinity include medium-to-large format industrial buildings and the Auckland Airport industrial area remains a tightly held part of the city due to its proximity to the other industrial hubs in South Auckland and the nearby transport networks.”
Jarvie, Director of Industrial at Colliers, says given the flexibility on offer and the growth potential available in a premier industrial location this property shapes as a must-see site.
“The Light Industry zone allows for industrial activities that do not generate objectionable odour, dust, or noise. This includes manufacturing, production, logistics, storage, transport, and distribution activities, making this a favourable location for a range of businesses.
“We expect there will be serious interest in this property and encourage all interested parties to do their due diligence and contact us immediately.”
- Article supplied by Colliers
