A highly functional industrial building in the West Auckland suburb of Henderson is available for sale or lease with vacant possession and will appeal to owner-occupiers, tenants, and investors.
Unit C, 133 Central Park Drive, Henderson has 1,171sq m of total floor area and the stratum in freehold property is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
Given it is available with vacant possession, any future occupant will be able to move quickly and can take advantage of the building’s high stud warehouse. There is also supporting office space.
With easy access to the nearby motorway network, the property offers connectivity across the Auckland region.
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Lincoln Road and its amenities that include food, hospitality, and retail offerings can be reached in only a few minutes.
The subject property has approximately 29 on-site car parks meaning there is considerable space for container drop-offs and storage as well as parking for staff and suppliers.
Colliers Directors Matt Prentice and Jack Tuson have been exclusively appointed to market the property for sale or lease via negotiation.
The property has a 757sq m warehouse with a 135sq m workroom, and 89sq m of office space, as well as mezzanine storage and a separate amenities area.
A market estimate from Colliers has appraised the potential annual rental income at approximately $192,000 plus GST and outgoings.
Prentice, Director of Industrial Sales and Leasing at Colliers, says the opportunity to acquire a highly functional asset with vacant possession in a popular location is one not to be missed.
“Owner-occupiers could purchase the property and begin trading rapidly while enjoying the freedom of not being bound to a lease,” Prentice says.
“Investors may look to attain this building and then lease it out and given the continued demand for industrial space in the area, we foresee there would be strong interest.
"Our market estimate suggests the property will provide a steady rental stream.
“Alternatively, a prospective tenant may be able to utilise this space for their own specific requirements and look to secure a long-term lease.”
Industrial property remains sought-after among landlords and tenants due to the lack of available supply in the market across Auckland.
The latest research from Colliers notes a 1.8 per cent vacancy rate for industrial floorspace across the Auckland area, while Henderson remains a tightly held location.
The vacancy rate for prime industrial property in Henderson is only 1.4 per cent and the precinct is popular given its accessibility to key transport infrastructure and amenities.
The wider Henderson-Massey area has proven to be a strong hub of economic and business growth.
Data from Infometrics notes the number of business units in Henderson-Massey has grown each year for the past decade and the growth rate has outpaced the national average, highlighting the demand for the area.
Tuson, Associate Director of Investment Sales at Colliers, says the flexibility of the zoning means there is an array of options available to the future occupants at this location.
“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,” Tuson says.
“With the ability to house operations from a range of different sectors, this property will be appealing for multiple people.”
- Supplied by Colliers
