Two neighbouring units in the heart of the Wairau Valley industrial precinct are being offered to the market for sale, giving buyers the opportunity to secure one or both properties.
The units offer 850sq m of combined space plus additional factory mezzanine. Unit 3, 95 Ellice Road, Wairau Valley has approximately 400sq m of total building area and 92sq m of factory mezzanine space. Unit 4 has approximately 450sq m of building area and 61sq m of factory mezzanine.
Both units are zoned Business – Light Industry Zone under the Auckland Unitary Plan. They are part of a larger block of 12 units, constructed in the mid-1970s. There are lower than usual operating expenses as no body corporate fees are required.
The properties have long been utilised by a fabrication firm, but they are moving on, meaning both units are available with vacant possession, adding to their appeal. There is door width access between both units, and this could be widened, subject to engineering and council approvals.
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Given their previous usage, the units will suit mechanics, fabrication, and manufacturing businesses or general warehouse use given their functionality. The properties also have an add-value opportunity for those looking to modernise the premises.
Wairau Valley is a sought-after industrial location on Auckland’s North Shore and offers convenient motorway access, while there’s a range of amenities nearby.
Colliers Directors Ryan de Zwart and Matt Prentice have been exclusively appointed to market the properties for sale via deadline private treaty closing at 4pm on Wednesday 10 April, unless sold prior.
Unit 3 includes 304sq m of primary warehouse space while there is also a ground floor office and first floor office. The unit includes six car parks at the front, plus additional land area at the rear of the premises for car parking or outside storage.
The larger Unit 4 has 300sq m of warehouse space as well as office space on the ground and first floors. There is also an office and kitchen area, with outside storage at the back. It has access to nine car parks.
Both units have two roller doors promoting convenient access for the occupants, while the stud height measures 5.5m.
The Business – Light Industry zones covers manufacturing, production, logistics, storage, transport, and distribution activities.
De Zwart, Associate Director of Industrial at Colliers, says there is considerable flexibility on offer for buyers.
“With vacant possession available, the new owner could acquire one or both of these properties and begin trading with minimal delays, while not being bound to a lease meaning they can control their own destiny,” de Zwart says.
“Due to the previous usage, there is scope for enhancements to be made to the buildings, but they have been incredibly reliable and proven serviceable for the requirements of the previous tenant.
“An owner-occupier may choose to purchase both units and run their operations from one, while leasing the other to generate a steady income stream. Astute investors may look to add these to their portfolio and lease them accordingly.”
Industrial floorspace remains in short supply across the wider Auckland region with research from Colliers noting an overall vacancy rate of only 1.8 per cent.
This continued lack of stock in the market is creating ongoing demand for industrial assets and has also driven an increase in rental rates.
Prentice, Director of Industrial Sales and Leasing at Colliers, says Wairau Valley has a long history as an established industrial location on the North Shore.
“Aside from its industrial roots, there’s a strong commercial and retail presence in the area with the likes of Rebel Sport, Bunnings, and Harvey Norman operating in Wairau Valley,” Prentice says.
“With its accessibility from the motorway network and proximity to Auckland CBD, which can be reached easily, the Wairau Valley industrial hub is a sought-after area that remains attractive to a wide array of buyers.”
- Supplied by Colliers
