Vacant possession in Mount Wellington

Sitting on a highly visible corner location in the sought-after industrial precinct of Mount Wellington in Auckland, a warehouse and office building is being offered to the market for sale or lease with vacant possession.

130 Marua Road, Mount Wellington has 2,078sq m of total floor area on a 3,599sq m freehold site that is zoned Business – Light Industry Zone under the Auckland Unitary Plan.

Industrial property continues to remain in demand among buyers and tenants with vacancy rates holding at historical lows owing to a lack of supply in the market.

The fully fenced property comes with multiple access points and includes 34 car parks.

Mount Wellington benefits from convenient access to Auckland’s motorway network and strong public transport links, while the Auckland Airport and CBD can be easily reached.

The Business – Light Industry Zone anticipates industrial activities that do not generate objectionable odour, dust, or noise. This includes manufacturing, production, logistics, storage, transport, and distribution activities. This broad range of activities offers flexibility for the incoming occupant.

Colliers Brokers Hamish West and James Dickey have been exclusively appointed to market the property for sale or lease via deadline private treaty closing at 4pm on Wednesday 10 April, unless sold prior.

Originally built in the 1980s, the property is presented to a tidy standard but does offer scope to be modernised to meet the needs of the future occupants.

The warehouse measures 1,062sq m and is complemented by a showroom, workroom and storage area, and 611sq m of office space that is spread over two levels.

Featuring two roller doors into the warehouse, which span approximately 6m wide, access is permitted via the front and rear of the building with a small canopy cover over the rear roller door.

Market estimates from Colliers suggest the property could be leased for approximately $473,000 plus GST.

West, Director of Industrial at Colliers, says the building enjoys significant road exposure and visibility to passing traffic.

“If an owner-occupier acquires this property they will be able to set up their operations and begin trading quickly given it is available with vacant possession. There will also be businesses looking to lease the space due to the lack of industrial floorspace in Auckland,” West says.

“Astute investors will recognise the value of acquiring assets in the tightly held suburb of Mount Wellington where industrial-zoned property remains keenly sought among a wide array of buyers.

“We foresee strong interest among the investor market who may purchase the property to then lease it out and enjoy the rental income.”

Research from Colliers notes the vacancy rate for industrial property across Auckland is only 1.8 per cent, while the figure for prime properties in Mount Wellington is only 0.2 per cent, indicating the strength of the demand in this location.

Dickey, Industrial Sales Broker at Colliers, says Mount Wellington ticks a number of boxes for industrial operators.

“There’s a host of desirable amenities in Mount Wellington such as the Sylvia Park shopping complex and Lunn Avenue, which has hospitality operators and major retailers like Mitre 10 and Placemakers,” Dickey says.

“There are new office developments that have been constructed in Sylvia Park and multiple residential projects have reshaped the area. The suburb is also well served by transport options and Port of Auckland is accessible via the motorway network.

“There’s a wide array of options available to buyers or prospective tenants with this well-presented property."

- Supplied by Colliers