Intense competition is expected from buyers and occupiers keen to secure a warehouse/office facility in a North Shore light industry hub with notoriously low vacancy.
The freehold standalone premises now for sale or lease sit at a high-profile corner on John Glenn Avenue, in the heart of Albany.
The more than 4,800-square metre site’s attractive mix of high-stud warehouse, secure yard and quality office space makes it suitable for a wide range of purchasers and future users.
Currently returning $462,283 plus outgoings and GST per annum, a final expiry of the existing lease in August 2023 creates an opportunity for occupiers to either buy or lease the premises.
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The property at 6 John Glenn Avenue, Albany, Auckland, is being marketed for sale or lease by deadline private treaty closing on Tuesday 27 September (unless sold or leased prior), through Matt Mimmack and Laurie Burt of Bayleys North Shore Commercial.
“Buildings of this size and stature rarely present themselves to the open market. With vacancy rates low and build times extending, this existing opportunity with a definitive timeframe for occupation is sure to be hotly contested,” said Mimmack.
The offering consists of an approximately 2,676-square metre building with a Grade A-plus seismic rating on some 4,826 square metres of land.
“Constructed to a high standard by award-winning commercial builders Haydn and Rollett, this is a modern and visually appealing industrial facility which has been occupied by the current tenant since 2009.
“The more than 1,700-square metre warehouse is regular in shape with a stud height of approximately 8.25-9.45 metres, four roller doors and a canopy of nearly 300 square metres.
"These attributes make it a versatile space, well suited to the needs of its current user and future others.
“Two floors of air-conditioned office and amenities have been kept to a high standard, with an outdoor area also available off the ground-floor lunchroom,” Mimmack said.
The site includes nearly 800-square metres of secure concreted yard with separate access and container drop-off areas, along with 52 car parks.
Three separate street crossings provide multiple vehicle access points from John Glenn Avenue and Unity Drive North.
“These features facilitate the smooth flow of vehicles and goods inwards and outwards and around the property. A prominent elevated corner position also assures the premises of excellent street exposure,” said Mimmack.
Burt said a myriad of industrial uses were possible thanks to the site’s Business – Light Industry zoning under Auckland’s unitary plan.
“These range from storage and manufacturing through to transport, logistics and distribution.
“The possibilities are demonstrated by the remarkable diversity of neighbouring businesses, spanning the likes of electronics and home and building supplies, through to boat building, self-storage, a plant nursery, and biotechnology, health and pharmaceutical providers,” said Burt.
The area is also well served with cafes and eateries within walking distance of the John Glenn Avenue site.
Burt said new occupiers would benefit greatly from being in the heart of Albany, a leading North Shore growth hotspot.
“Situated just off Pickering Drive, this location is well connected to suburban catchments such as Browns Bay, Long Bay, Rosedale, Coatesville and Silverdale. It offers easy access to State Highway 1 and State Highway 18 and is around 20 minutes from Auckland’s CBD in regular driving conditions,” said Burt.
- Article supplied by Bayleys
