Two neighbouring industrial units in Wairau Valley on Auckland’s North Shore are being presented to the market for sale and offer prospective purchasers the opportunity to acquire a freshly refurbished asset.
Located at 95 Ellice Road, there is more than 850sq m of total building area across both units, meaning there is ample space for businesses to conduct their operations. The properties can be purchased individually or together.
Unit 3 has 414.5sq m of space and provides six dedicated car parks. It is being offered to buyers with an asking price of $1,650,000 plus GST (if any).
Unit 4 has 463.5sq m of building area and comes with nine car parks. It has an asking price of $1,750,000 plus GST (if any).
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Both units have high stud warehouse space, a ground floor showroom, and a first-floor office.
The functional properties are part of a larger block of 11 units that were constructed in the mid-1970s. There are lower than usual operating expenses as no body corporate fees are required.
There are dual roller doors at each premises and drive-around access.
These north-facing units are zoned Business – Light Industry Zone under the Auckland Unitary Plan.
This designation anticipates industrial activities that do not generate objectionable odour, dust, or noise, which includes manufacturing, production, logistics, storage, transport, and distribution activities.
Colliers Directors Matt Prentice, Jack Tuson, and Ryan de Zwart have been exclusively appointed to market the properties for sale via negotiation.
The properties were previously utilised by a fabrication firm before they departed earlier this year, allowing for the refurbishment of the units, which included new carpet, interior lighting, painting, and polished concrete floors.
Prentice, Director of Industrial Sales and Leasing at Colliers, says the units have been priced to sell and will catch the eye of a wide range of buyers.
“These units provide future occupants with significant flexibility given their overall functionality and may be the perfectly sized premises for owner-occupiers to set up their operations given they are available with vacant possession,” Prentice says.
“Investors may choose to acquire them and lease the properties and Wairau Valley remains a tightly held industrial precinct that has a shortage of available stock.”
Research from Colliers highlights the ongoing demand for industrial floorspace across the city with the overall vacancy rate sitting at only 2.1 per cent.
Tuson, Associate Director of Industrial Sales and Leasing at Colliers, says Wairau Valley enjoys a central position on the North Shore.
“The Northern Motorway complex is readily accessible via the Tristram Avenue and Northcote interchanges which provide ready access to and from Auckland’s CBD,” Tuson says.
“Surrounding developments from the subject properties include substantial manufacturing operations through to small industrial businesses. Wairau Valley also has a broad retail offering and a host of amenities such as food and beverage outlets.”
De Zwart, Associate Director of Industrial at Colliers, says having the opportunity to purchase these refurbished industrial units in a popular location is one that is not to be missed.
“Being able to acquire a refurbished unit of this size with access to car parking and the nearby motorway network will be highly appealing for buyers,” de Zwart says.
- Supplied by Colliers
