A versatilesplit‑risk industrial asset in one of Auckland’s most sought‑after logisticsprecincts is heading to auction, giving private buyers the opportunity tosecure a functional dual‑tenancy property supported by strong fundamentals andclear rental upside.
Located at 10Rennie Drive in Māngere’s Airport Oaks precinct, the property has a total floorarea of circa-997sqm and sits on a 1,656sqm freehold site with Business LightIndustry zoning and excellent transport connectivity.
The property isconfigured into two separate industrial tenancies, providing diversified netincome of more than $200,000 plus GST per annum, and having broad appeal toboth investors and future occupiers.
Chillex GroupLimited, a well‑established operator specialising in heating, ventilation andair-conditioning services, occupies the larger tenancy, generating annualincome of $138,730 plus GST.
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The secondtenancy, comprising approximately 246sqm of warehouse and 171sqm of office, isoccupied by Turin Panel and Paint Limited, returning $68,000 plus GST andoffering clear rental uplift potential through future refurbishment orreconfiguration.
Both leases haverights of renewal.
The buildingoffers practical improvements suited to a wide range of industrial users,including clear‑span warehousing, office accommodation over two levels,container storage capability and a total of twenty on‑site car parks.
The split‑risknature of the income, combined with the site’s scale and zoning, positions theproperty as a resilient long‑term holding in a market where vacancy remainslow, rental growth has been sustained, and infrastructure investment continuesto support occupier demand.
The propertywill be auctioned on Wednesday 29 July 2026, unless sold prior, through AshMartinus, Greg Hall and James Valintine of Bayleys South Auckland.
Demand forindustrial stock of this scale remains active, with high enquiry levels frominvestors and occupiers continuing to compete for limited options in theAirport Corridor, says Martinus.
“The leasingmarket is very tight for properties of this size, and occupiers are movingquickly when functional buildings with good access become available, so that’sencouraging for investors.
“The AirportOaks precinct is one of the most desirable industrial locations in Auckland andcontinues to outperform many other hubs due to its connectivity andconcentration of major freight and logistics operators.
“Ongoing roadingupgrades have strengthened its connection to other core industrial precinctssuch as Wiri, Penrose, Onehunga and Mt Wellington. Industrial occupiers valuethe ability to service both airport‑related operations and wider Aucklanddistribution networks from a single location.”
The siteconnects directly into the award‑winning The Landing precinct at AucklandAirport, positioning it within a high‑growth industrial hub driven by strongdemand from logistics, freight and service operators.
Surroundingdevelopment is predominantly medium to large‑format industrial, underscoringthe precinct’s role in supporting airport activity and businesses reliant onrapid motorway access.
Minutes fromState Highway 20 and close to Auckland Airport, with immediate links to keyarterial routes, and major residential catchments, the property sits at thecentre of one of New Zealand’s most strategically important logistics corridorsand a substantial surrounding workforce.
- Supplied by Bayleys
