A highly visible office and warehouse unit with vacant possession in the popular North Harbour Industrial Estate presents prospective purchasers with the opportunity to acquire a prime asset in a tightly held location.
Unit G at 9-11 Rothwell Avenue, North Harbour provides 1,020sq m of total floor area with generous car parking. The property is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
When fully tenanted, the building could return approximately $215,606 plus GST in total gross annual rental income, based on current market estimates.
This marks the first time the property has been presented to the market for sale since it was built in 1991.
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Well-positioned with easy access from Rothwell Avenue, the two-storey property is a short drive from the motorway network that provides access north and south, while Albany’s commercial hub is approximately five minutes away.
Colliers directors Ryan de Zwart and Matt Prentice have been exclusively appointed to market the property for sale by deadline private treaty closing at 4pm on Wednesday 20 July, unless sold prior.
The property has a 420sq m warehouse, 60sq m of low stud utility space, a 540sq m office, and 19 dedicated car parks. The warehouse is medium stud with access via two roller doors.
The building was recently refurbished, which included some alterations and upgrades, particularly to the office and amenities area. An internal staffroom and storage and utility area was also created.
The construction provides concrete foundations and concrete and particle board or similar flooring, with claddings of concrete block, long run iron, glazed aluminium joinery, fibre cement sheet, and some plaster exterior finish over a fibre cement substrate.
The interior wall linings are made from concrete block and plasterboard, with the ceilings being plasterboard and suspended tile.
De Zwart, associate director of industrial sales and Leasing at Colliers, says it is incredibly rare to see a vacant industrial unit available in such a tightly held area.
“Vacancy rates for industrial property on the North Shore are at historical lows, which will create significant demand for this unit. The highly functional building is presented in magnificent condition following its refurbishments,” de Zwart says.
“Recent research from Colliers indicates prime industrial vacancy rates are at approximately 1 per cent in North Harbour and only 0.6 per cent in neighbouring Mairangi Bay.
“We expect owner-occupiers and investors will have considerable interest in this property given it could be suitable for a range of different business opportunities.”
Prentice, director of industrial sales and leasing at Colliers, says the unit is in a highly sought-after location on the North Shore.
“The North Harbour industrial precinct has proven itself very popular for progressive companies due to the high standard of surrounding development, quality working environment, access to transport links, and a growing suburban catchment nearby,” Prentice says.
“The area benefits from a number of high-quality, multi-unit developments and modern stand-alone industrial properties.
“The subject site offers access to major landmarks in nearby Albany, including Westfield Albany, Massey University, and a range of national brand businesses.
“Upper Harbour Drive and Bush Road offer access to the motorway network, while Auckland’s CBD can be reached in approximately 15 minutes outside of peak hours.”
- Article supplied by Colliers
