A tenanted investment in the West Auckland suburb of Avondale is being offered to the market for sale, giving buyers the chance to acquire a freestanding industrial asset with future occupation opportunities.
Located at 30-36 Copsey Place, Avondale, the property has 2,626sq m of total net lettable area on a 4,878sq m freehold site.
There are two tenants at the facility.
The office and warehouse tenancy at 30 Copsey Place has 1,626sq m of floor space, while the office and lab facility at 30 Copsey Place has 1,000sq m of building area.
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The total net annual rental income from the property is $551,000 plus GST and operating expenses.
The 30 Copsey tenancy agreement runs through until July 2027, while the other tenancy runs until September 2028.
These existing leases provide short and medium-term holding income, while the new owner decides their future strategy for the asset.
With dual entry points and 75 on-site car parks, the property offers convenient access.
The property is zoned Business - Light Industry Zone under the Auckland Unitary Plan.
Colliers Brokers Nelson Raines, Blair Peterken, Matt Prentice, and Sam Murphy have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 20 May, unless sold prior.
Raines, General Manager of Colliers West Auckland, says given the property's high levels of functionality it will appeal to a broad array of buyers.
"Occupiers seeking to acquire their own premises will be drawn to this offering as there is holding income in place before they can use the facility for their own operations.
"Meanwhile, add-value investors could seek future tenants for the property and look to secure a rental uplift to bring the income in line with the current market rates."
Peterken, Director of Capital Markets at Colliers, says the warehouse space at the facility benefits from a generous stud height, functional generic shape, and practical access for storage, fabrication, or distribution operations.
"The property also includes a basement level accommodating on-site car parking, adding valuable functionality and convenience for staff and visitors.
"Access between warehouse space, offices, and parking areas is well integrated, supporting efficient daily operations," Peterken says.
"The office space in both tenancies offers a modern and professional working environment with excellent levels of natural light and outlook, enhancing staff amenity and useability."
Prentice, Director of Industrial Sales and Leasing at Colliers, says the Avondale industrial hub is a keenly sought location in West Auckland.
"Located within the established Avondale industrial precinct, the subject property is well positioned for access to key arterial routes and nearby commercial hubs, reinforcing its appeal to occupiers seeking functional industrial premises supported by quality office accommodation," Prentice says.
"The surrounding area is home to well-known industrial and commercial firms, while the Avondale town centre is quickly reached, offering access to all key amenities."
Murphy, Industrial Sales Broker at Colliers, says the flexibility of the Light Industry zoning means the property can be utilised for a range of purposes in the future.
"As outlined in the Auckland Unitary Plan, this designation allows for industrial activities that do not generate objectionable odour, dust, or noise. This includes manufacturing, production, logistics, storage, transport, and distribution activities," Murphy says.
- Supplied by Colliers
