A soon-to-be-vacant corner property in the tightly-held Ōtāhuhu industrial precinct is drawing interest from add-value investors and owner-occupiers keen to capitalise on the area’s established growth profile.
18 Hall Ave offers considerable opportunity, according to Barfoot & Thompson Commercial broker Justin Lowe.
He is marketing the freehold asset for sale by deadline private treaty closing at 3pm, Wednesday July 12 unless sold prior.
“Commanding a prime spot at the intersection of Queen St and Hall Ave, this well-presented stand-alone property comprises a lettable area of approximately 226sq m situated on a 293sq m site,” he says.
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“It’s a single-level, mixed-use building that perfectly blends retail and warehouse/showroom spaces.
“There is easy access to the rear, facilitated through two roller doors on Queen St.”
The property features sturdy concrete foundations, concrete slab floors, a reinforced concrete structure and brick external walls.
Aluminium-framed glazing and mild steel cladding enhance its appeal, topped by an iron roof supported by timber.
“Investors will appreciate the versatility of this building,” says Lowe, “accompanied by its highly accessible, high-profile position.”
Convenient access to nearby commercial areas such as East Tāmaki, Manukau, Mt Wellington and the CBD, combined with proximity to the on- and off-ramps of SH1 and SH20, ensures seamless connectivity to the wider Auckland area.
Lowe highlights the fact that this asset is located on a busy commuter route, well-serviced with nearby amenities and a rapidly-growing residential catchment, and that it also benefits from a robust infrastructure network.
“It’ll be an easy task for any new owner to efficiently set up, or quickly secure a tenant and initiate value-added improvements without delay.”
Lowe says the property benefits from favourable Business—Town Centre zoning, which allows for mixed development up to a height of 27m, which presents future development potential.
— Article supplied by Barfoot & Thompson
