A rare opportunity has arisen to acquire an industrial property within the highly sought-after Rosedale industrial precinct.
11D Orbit Drive in Rosedale is an eight-unit light industrial development constructed in the 2000s offering a high-quality modern complex offering a mixture of building materials including tilt-slab concrete.
These well designed units have stood the test of time and are rarely replicated in today’s market.
JLL has been exclusively appointed to market Unit 4 of the development for sale by auction at 10 am, Wednesday 17 November, unless sold prior.
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The building is a general business zoned property with a stratum in freehold title.
The 712sq m floor area comprises a high stud warehouse of 510sq m, an office of 202sq m, and generous onsite car parking for 11 vehicles providing an attractive and functional industrial investment opportunity.
Unit 4 features an expansive stairway access to the first-floor office space which includes a reception area with five partitioned offices and bathroom.
There is also a meeting room and lunchroom area that leads to a secluded north east facing patio area.
There is another stairwell on the other side of the office area that leads directly into the high stud warehouse.
In the warehouse area, there are two low stud pick and pack areas under the first-floor offices.
JLL logistics and industrial director David Mayhew says this property’s location offers long-term security.
“Unit 4 of 11D Orbit Drive enjoys easy access to the Northern Motorway at Constellation Drive, with this intersection currently experiencing a major reconfiguration and road alignment due for completion later this year, which will provide better connectivity to the Auckland CBD via SH1 and West Auckland via SH18,” says Mayhew.
“This Interplex location is a cut above the rest along with a strong residential catchment nearby.
"It is an area that will stand the test of time and remain a highly desirable location to do business.”
JLL logistics and industrial broker Hayden Church says the Unit 4 has strong investment credentials.
“This is an exciting and rare investment opportunity for an industrial property in a desired business park location, an architecturally designed building, a secure brand new 3-year lease structure, established tenant, and significant return of $135,000 per annum net,” says Church.
“Positioned on Orbit Drive, Unit 4 is directly connected to Apollo Drive which is now one of the main thoroughfares in the Interplex Business Park.
"There is a mixture of complementary commercial and industrial premises, from high quality light industrial facilities, smaller industrial unit developments and a range of office parks and some associated retail and high-quality cafés and eateries.”
-Article supplied by JLL
