A-grade asset with bonus land in Albany

A premium office and warehouse building in Albany on the North Shore is being presented to the market for sale and offers buyers the opportunity to acquire a top-quality asset with vacant possession.

The building at 13 Orbit Drive, Rosedale has 3,016sq m of net lettable area and sits on a 5,396sq m freehold site. What sets this offering apart is the potential to intensify the usage of the landholding with 1,184sq m of development-ready land available.

With 41 on-site car parks, there is convenience for customers, suppliers, and clients who will benefit from the generous yard space.

The subject location offers connectivity to the nearby Albany commercial and retail precinct that includes Westfield mall and the Albany Mega Centre, which are approximately 3km away. The motorway can also be reached in only a few minutes, opening up access to the wider Auckland region.

The property is zoned Business – General Business Zone under the Auckland Unitary Plan.

Colliers Brokers Jack Tuson and Matt Prentice have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Tuesday 28 April, unless sold prior.

Originally built in 2007, the property includes a 1,809sq m warehouse and 548sq m of office space. There is also a packing room and warehouse office, workroom, and plant area, while supporting canopy space allows for all-weather devanning. Dual roller doors offer convenient access.

Tuson, Associate Director of Industrial at Colliers, says the property will appeal to owner-occupiers and investors who should give serious consideration to this A-grade asset.

“This highly functional facility is presented in magnificent order, and an owner-occupier would be able to establish their operations quickly given it is available with vacant possession. The development land is a considerable bonus and provides scope for growth in the future,” Tuson says.

“Investors may seize the chance to acquire a high-quality building and lease it out. We foresee there would be strong demand for a property of this calibre, and a rental appraisal suggests the annual rental income would be approximately $766,900 plus GST plus outgoings.”

Orbit Drive runs off Apollo Drive and is part of the busy Rosedale commercial and industrial precinct. This sought-after location has been developed considerably over the past 20-plus years and the subdivision where this property sits was subject to development controls to ensure a quality design outcome.

Aside from motorway connectivity, the area also benefits from a range of readily accessible amenities such as food outlets and everyday conveniences.

Prentice, Director of Industrial Sales and Leasing at Colliers, says this premier property is well constructed and sits in an established industrial location.

“This asset is being offered to the market for the first time since it was completed nearly 20 years ago and is in a prime spot on Orbit Drive with a commanding street presence,” Prentice says.

“The building provides prospective purchasers with the chance to secure a high-quality property that benefits from its excellent warehouse-to-office ratio, while the development land adds considerable long-term upside.”

- Supplied by Colliers