Vacant possession in Rosedale

A highly functional office and warehouse building that occupies a prominent corner site in the North Shore suburb of Rosedale is being offered to the market for sale with vacant possession.

Unit 7, 2-4 Piermark Drive, Rosedale has 1,063sq m of total building area with 404sq m of yard.

The stratum in freehold property is zoned Business – Light Industry Zone under the Auckland Unitary Plan.

This zone anticipates industrial activities that do not generate objectionable odour, dust, or noise.

This includes manufacturing, production, logistics, storage, transport, and distribution activities, meaning there will be a range of potential future uses for this property.

Owner-occupiers and investors will be drawn to this offering that also has the added bonus of future development potential given the possibility of expanding the warehouse footprint to meet any future needs.

There are also 20 on-site car parks.

The property has been held by the same owners since it was constructed, marking the first time it has been presented to the market for sale.

Rosedale is located within the North Harbour industrial precinct, which is an area that has incredibly low vacancy rates indicating how tightly held the area is.

Research from Colliers notes the industrial vacancy rate across Auckland is only 1.75 per cent but that drops to 0.4 per cent for prime floorspace in the North Harbour hub.

Piermark Drive is a major thoroughfare connecting Bush Road and William Pickering Drive. Its central position within Rosedale offers excellent access to the motorway network and is only a five-minute drive from Westfield Albany.

Colliers Brokers Ryan de Zwart and Mike Ryan have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 23 October, unless sold prior.

The property comprises a 665sq m warehouse with a 31sq m supporting office and a further 335sq m of office and amenities space. There is also 33sq m of mezzanine in the warehouse.

De Zwart, Associate Director of Industrial at Colliers, says given the property is available with vacant possession there are a range of possibilities on offer.

“Owner-occupiers have the opportunity to acquire a premises for their own operations and not be bound to a future lease agreement,” de Zwart says.

“Investors will also have an interest in the property and this is a building that any savvy investor would have very few future challenges in leasing given its functionality.

"A market estimate from Colliers suggests the property could return approximately $246,000 plus GST and operating expenses in annual rental income.

“Buyers of all kinds will also appreciate the future redevelopment potential that will allow the new owner to intensify the usage of the site to maximise its value.”

Ryan, Industrial Sales Broker at Colliers, says the sought-after location of the property is a major selling point.

“With motorway access readily available, the Auckland CBD can be reached in approximately 15 minutes outside of peak hours,” Ryan says.

“The amenity-rich Wairau Valley is a short drive away and provides access to many high-profile retailers and well-known national brands, as well as another popular North Shore industrial hub.

“Further north there is Albany, which is home to a major shopping mall, Massey University, and considerable residential development.”

- Supplied by Colliers