A stand-alone property in the sought-after industrial precinct of Wairau Valley on Auckland’s North Shore is being presented to the market for sale and offers buyers the opportunity to acquire a highly functional asset.
12-14 Kaimahi Road, Wairau Valley has 980sq m of total floor area on a 2,022sq m freehold title that is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
With a high warehouse to office ratio, this property, which was recently reroofed, offers considerable freedom for the future occupant and comes with the added bonus of vacant possession. The site has a wide street frontage of approximately 40m.
Wairau Valley benefits from its easy access from the Northern Motorway via the Tristram Avenue and Northcote interchanges and the extensive retail offering in the wider area.
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Notable brands such as Noel Leeming, Harvey Norman, Rebel Sport, and Pak’nSave all have an established presence in Wairau Valley and are only a few minutes from the subject property.
Colliers Directors Matt Prentice, Shoneet Chand, and Jack Tuson have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Tuesday 8 October, unless sold prior.
The warehouse at the property spans 798sq m with the office measuring 84sq m. There is 98sq m of mezzanine and 21 car parks with further street parking available. The property has dual roller doors, adding to its functionality.
Prentice, Director of Industrial Sales and Leasing at Colliers, says properties of this nature are often sought but rarely found on the North Shore.
“Owner-occupiers have the chance to purchase a facility where they can quickly set up their own operations and begin trading without the constraints of a lease,” Prentice says.
“For a business to have their own premises, it means they have the freedom to control their own destiny and future direction.
“On the other hand, investors will be attracted to this property given the potential to lease this strategic asset and market estimates from Colliers indicate it could return approximately $195,000 plus GST and operating expenses per annum.”
Surrounding development from the subject property comprises small and medium-sized industrial buildings as well as larger manufacturing facilities, adding to the appeal of being located in this area of the North Shore.
Chand, Director of Investment Sales at Colliers, says the latest research from Colliers highlights the scarcity of vacant industrial property across the wider Auckland region.
“With the overall industrial vacancy rate for Auckland sitting at only 1.75 per cent, supply remains constrained in the market,” Chand says.
“The analysis of the stock in Wairau Valley and the nearby North Harbour precinct notes there is a continued need for more industrial space.”
Tuson, Associate Director of Investment Sales at Colliers, says the Business – Light Industry zoning will be appealing given the broad range of activities the property can be used for.
“As noted in the Auckland Unitary Plan, the zoning anticipates industrial activities that do not generate objectionable odour, dust, or noise. This includes manufacturing, production, logistics, storage, transport, and distribution activities,” Tuson says.
“Businesses from these sectors should strongly consider this property and we encourage all interested parties to make contact with us to discuss their options.”
- Supplied by Colliers
