Premium yard space in the sought-after industrial hub of Penrose in Auckland is available for lease immediately at 685-693 Great South Road and the landlord is motivated to meet the demands of the market.
The highly visible 6,484sq m site enjoys nearly 150m of total street frontage to Great South Road and the South-Eastern Highway (Church Street).
The strategically located sealed yard offers two vehicle crossings, providing convenient access for future occupants, suppliers, and visitors to the property. The site is zoned Business – Heavy Industry Zone under the Auckland Unitary Plan, offering a range of options for occupiers.
The property has outstanding motorway access as it is only 400m from State Highway 1 and approximately 6km from State Highway 20. Auckland’s CBD is only 8km away, while Auckland Airport can be reached in under 25 minutes.
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Colliers Directors Ben Cockram and Matt Prentice have been exclusively appointed to lease the site.
Cockram, Director of Industrial at Colliers, says the prominent property, which benefits from high volumes of passing traffic, is owned by a landlord who wants a deal done as soon as possible.
“The landlord has made it clear to us that he wants this site leased. He wants to hear from all prospective occupants and is prepared to meet the market. There is a lot to like about being able to secure yard space of this size and scale in one of the most sought-after industrial locations in Auckland,” Cockram says.
“Penrose has long been viewed as a top-tier industrial precinct given its access to key transport infrastructure such as the surrounding motorway network, Port of Auckland, multiple inland ports, the rail network, and Auckland Airport.”
Prentice, Director of Industrial Sales and Leasing at Colliers, says aside from access to the transport network, Penrose offers easy accessibility to key amenities.
“Sylvia Park, one of New Zealand’s biggest shopping centres, is only a six-minute drive away and provides consumers with all of their retail and hospitality needs,” Prentice says.
“The subject site is also close to public transport options and local food and beverage offerings.”
Industrial space remains tightly held across Auckland with the overall vacancy rate for industrial floorspace sitting at 1.7 per cent, according to the latest research from Colliers.
The figures for prime floorspace in precincts such as Penrose/Onehunga, Mount Wellington, and East T?maki are even lower, and all sit under 0.5 per cent.
Demand for industrial premises, whether it be yards or warehouses, continues to remain strong and this site’s Heavy Industry zoning will only add to the appeal for future occupants given the scarcity of space with that specific designation.
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.
“There’s a wide array of potential occupants that would be able to make use of this site and we encourage all interested parties to contact us immediately to ensure they don’t miss out on the opportunity to secure one of the most versatile and visible industrial yards in Auckland,” Prentice says.
- Article supplied by Colliers
