A highly functional office and warehouse building with vacant possession in Mahunga Drive’s tightly held industrial precinct offers buyers of all kinds the opportunity to secure a versatile property in a prime location.
The unit-titled property at 1/5 Mahunga Drive, Mangere Bridge provides 1,831sq m of total net lettable area, sitting on a larger 7,777sq m site that is zoned Business – Light Industrial Zone under the Auckland Unitary Plan.
Less than 1km from State Highway 20, the immediate area is well serviced by major arterial routes providing access throughout the greater Auckland region. The property is accessed via a shared driveway and offers ample on-site car parking and approximately 90m of street frontage.
The existing layout of the building, which features a low office to warehouse ratio, provides significant add-value potential making this a must-see purchasing option. When fully tenanted, the property could return $234,764 plus GST in net annual rental income based on current market estimates.
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Colliers Brokers Tom Peterson, Brad Johnston, and Paul Jarvie have been exclusively appointed to market the property for sale with the deadline for offers closing at 4pm on Wednesday 8 June, unless sold prior.
The property features a 1,084sq m clear span warehouse with an approximate stud height of 5m to the underside of the steel truss. There is an additional 291sq m of low stud storage space located under the first floor office, which also measures 291sq m. A 165sq m low stud lean-to is attached to the rear of the warehouse and can be accessed through a single roller door.
Peterson, Industrial Sales Broker at Colliers, says the property presents an outstanding purchasing opportunity for a wide array of buyers.
“The latest research from Colliers shows industrial vacancy rates at 1.9 per cent across Auckland with that figure even lower in various corners of the city, indicating there will be strong demand for this property given the favourable proximity to the prominent industrial precincts of South Auckland,” Peterson says.
“With vacant possession, this building offers significant appeal for owner-occupiers who can take over the property and immediately set up their business operations.
“Alternatively, an investor may recognise the potential on offer and secure a tenant for the property to generate a steady rental stream in this low supply, high demand environment.”
Johnston, Director of Industrial at Colliers, says the location of this site will provide convenience for a range of operators with the motorway network only moments away.
“Mahunga Drive sits within a 13km radius of the CBD, Auckland Airport, and two ports, Onehunga and the Wiri Inland Port,” Johnston says.
“With the completion of the Waterview Tunnel, the property benefits from even greater access to the wider Auckland area with a direct route to West Auckland and an alternative bypass route to the North Shore. Major road infrastructure completions in the area in recent years have already resulted in the precinct becoming a prime location for industrial users.”
Jarvie, Director of Industrial at Colliers, says the property is surrounded by a range of recognised brands.
“The Toll Group, Steel & Tube, and NCI Packaging occupy neighbouring sites, exemplifying the strength of this area,” Jarvie says.
“The Business – Light Industry Zone allows for industrial activities that do not generate objectionable odour, dust, or noise. This includes manufacturing, production, logistics, storage, transport, and distribution activities, providing flexibility for the new owner.”
- Article supplied by Colliers
