Sitting on a high-profile corner site in the sought-after industrial hub of Wiri, a warehouse and office building that is available with vacant possession presents buyers with the opportunity to acquire a highly functional property that enjoys extensive road frontage.
1 Wilco Place, Wiri has 1,189sq m of total net lettable area on a 1,966sq m freehold site that is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
The Business – Light Industry Zone anticipates industrial activities that do not generate objectionable odour, dust, or noise. This includes light manufacturing, production, logistics, storage, transport, and distribution activities.
Located only minutes from the motorway network, the property will hold significant appeal for owner-occupiers and investors given it can be occupied immediately.
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The property offers 12 dedicated car parks, providing convenience for customers, suppliers, and staff members.
Wiri is a firmly established industrial hub that has benefitted from increased roading infrastructure, including the signalisation of Kerrs Road and Druces Road. The property is only 1km from the Wiri Inland Port, and 12.5km from Auckland Airport.
Colliers Brokers Brad Johnston, Paul Jarvie, and Tom Peterson have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 24 May, unless sold prior.
Constructed by renowned developer Euroclass in 2012, the property has been well built with full height concrete tilt slab walls and a clear span warehouse with a 6m stud height rising to approximately 6.85m at its highest point.
The building includes an 870sq m warehouse, a ground floor office that spans 150sq m, and 169sq m of first floor office space. The site has well-manicured lawns, a steel fence, and 83m of road frontage.
Market estimates suggest the property could be leased for approximately $265,000 plus GST per annum if fully tenanted.
Johnston, Director of Industrial at Colliers, says being able to access the property with vacant possession will be highly appealing to buyers.
“In a tight industrial property market where space remains tough to come by this property presents owner-occupiers with the chance to secure their own premises and not be bound to a lease,” Johnston says.
“On the other hand, an investor may choose to purchase the property and lease it out and we believe there would be no shortage of demand for a potential tenant.”
Jarvie, Director of Industrial at Colliers, says the latest research from Colliers indicates how challenging it is for occupiers to find suitable industrial space in the wider Auckland region.
“The overall vacancy rate for industrial property across the city is 1.7 per cent, which drops to only 0.9 per cent in the Wiri and Manukau precinct, indicating the strength of the demand and lack of supply for the surrounding area,” Jarvie says.
“This property will provide the future occupant with the chance to secure a functional premises that will suit a range of needs.”
Peterson, Industrial Sales Broker at Colliers, says Wiri is a tightly held location that features a wide range of well-known, large-scale industrial operators.
“Businesses in the neighbourhood include Plumbing World, Wurth Group, GEODIS, Kmart, and CEVA Logistics, among others,” Peterson says.
“The ability to connect to so many different parts of Auckland through the nearby motorway network and other key transport hubs such as the inland port and the airport make Wiri a desirable industrial location.
“The opportunity to acquire a property such as this one with vacant possession is rarely seen on the open market and we encourage all interested parties to contact us immediately so they can explore their options.”
- Article supplied by Colliers
