Situated in the heart of the flourishing west Auckland suburb of Kumeu, 20-26 Access Road is a pristine industrial property that beckons to astute investors seeking a future-fit addition to their portfolio.
This newly developed asset offers a chance to acquire a high-profile, freehold site with a reputable national tenant on a long-term lease.
Available for the first time, this prime property is exclusively for sale by JLL.
20-26 Access Road, Kumeu spans 4,896 square metres and features a modern building that occupies 1,925 square metres. A mix of open-plan and partitioned offices inside, along with a well-appointed lunchroom and separate restroom facilities provide versatile space for a range of operations.
Start your property search
The spacious warehouse with stud height of 6.8 metres at the portal knee rising to 8.0 metres at the apex is complemented by drive-through access via dual roller doors, sheltered by a full-length canopy. The secure yard is finished in concrete for drive-around access.
20-26 Access Road, Kumeu is now on the market for sale by Deadline date, closing 4pm 15th November 2023, unless sold prior.
Jason Armstrong, Associate Director at JLL, underscores the versatility of this brand-new industrial property.
“The long-term lease at 20-26 Access Road, Kumeu is a significant drawcard for a diverse range of investors looking for a turnkey opportunity,” says Armstrong.
“Its attractive design and robust construction, coupled with onsite management designed to deal with severe weather events, will enhance any property portfolio.
"Further, the tenant, Akarana Timber, is a well-known brand across the country with deep roots in the wider Auckland region, and its 10-year lease with renewal options gives investors peace-of-mind and stable rental income for the foreseeable future."
United Timber Merchants Ltd, trading as Akarana Timber, boasts a strong presence in the building industry, offering pre-nail frames, trusses, timber, and building supplies.
Akarana Timber is part of the United Industries Group, which encompasses other well-known brands such as United Steel, Metalcraft, Pipes NZ, and more.
With its covenant commencing in June 2023, the tenant pays an initial annual rental of $550,950 plus GST net, in addition to all operating expenses. With three rights of renewal for six years each, the potential expiry of the lease is 2051.
The strategic location of 20-26 Access Road, Kumeu bolsters the opportunity, with the buyer securing a prime site zoned to benefit from Kumeu’s burgeoning commercial activity, highlights Associate Director at JLL, Alex Wefers.
“This property is located in the sought-after Business - Light Industrial Zone, positioning it ideally to benefit from the expanding residential community in west Auckland,” says Wefers.
“Convenient access to State Highway 16 and key arterial routes enhances its connectivity to Auckland's CBD, ports, and other important locations that make it attractive to a broad range of logistics and industrial businesses.”
The transformation of Kumeu into a bustling community hub underscores the location of 20-26 Access Road according to JLL Senior Director, Euan Stratton.
“Kumeu's proximity to major transport links makes this property a compelling investment choice, offering both stability and growth potential,” says Stratton.
“Demographic studies in Kumeu indicate promising growth forecasts for the suburb, with a projected 245% population increase within a 5km radius and 68% within a 10km radius,” says Stratton.
“Additionally, Kumeu features a thriving business community, with a 23% increase in business units within a 5km radius between 2016 and 2021, surpassing the Auckland average. These statistics emphasise the growing market and demand for industrial properties in the area and will contribute to the long-term viability of this investment.”
- Article supplied by JLL
