An architecturally designed industrial warehouse in the rapidly growing Auckland city fringe suburb of Morningside is being presented to the market for purchase and is available with vacant possession.
Located at 25 Gordon Street, this one-of-a-kind asset has 1,765sq m of floorspace. The building sits on a 2,654sq m freehold title and is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
Offering dual roller door access, the property has 27 off-street car parks, providing convenience for future occupants, customers, or suppliers.
Morningside is a vibrant part of Auckland that is undergoing considerable change and the subject location offers easy access to the nearby train station and a dynamic mix of businesses, hospitality venues, and residential developments.
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Colliers Directors Matt Prentice, Ben Jamieson, and Shoneet Chand have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Tuesday 5 November, unless sold prior.
Known as Fabric Warehouse 2.0, the property was developed through repurposing an existing storage warehouse to suit the client’s specific requirements and presence.
Designed by international architecture practice Fearon Hay, the project team was led by Doug Weir. Tim Hay and Jeff Fearon served as the design architects.
The brief was in two parts; regenerate the existing office entity with emphasis on a public interface to the common workspaces and to create a warehouse below that provided a functional space for racking and distribution of fabric with a striking connection to the above office.
The outcome was the development of a highly functional, award-winning space with a high stud warehouse that spans 1,189sq m. The office and amenities area measures 576sq m.
Prentice, Director of Industrial Sales and Leasing at Colliers, says the quality of design and attention to detail make this a trophy asset that will appeal to owner-occupiers and investors.
“With a considered layout that will suit a broad array of needs, this property will allow an owner-occupier to establish their own business operations and not be bound to a future lease agreement, allowing them to control their own destiny,” Prentice says.
“Alternatively, investors will have a chance to add this to their portfolio and tenant it accordingly.”
Jamieson, Associate Director of Investment Sales at Colliers, says Morningside is becoming an increasingly sought-after location through its growing presence of mixed-use developments.
“The CBD can be reached in about 10 minutes during off-peak hours and the property is well connected via major roads, including Balmoral Road, with easy access to the Greenlane interchange and the motorway network ensuring smooth transportation and commuting,” Jamieson says.
“There are also public transport connections to Morningside and the nearby Westfield St Lukes provides a range of shopping and retail amenities.”
Chand, Director of Investment Sales at Colliers, says there is potential to develop the property in the future and the zoning provides for a broad range of activities.
“As noted in the Auckland Unitary Plan, 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,” Chand says.
“This means the future occupants could come from a range of different services and with long-term development potential in the background there are a number of reasons why this property is worth serious consideration.”
- Supplied by Colliers
