A multi-unit industrial property in the South Auckland suburb of Papakura is being offered to the market for sale and will catch the eye of owner-occupiers and investors.
12 Vernon Street, Papakura has four adjoining units ranging in size from 110sq m to 300sq m.
Two of the four units are available with vacant possession meaning there is potential for a buyer to utilise the property for their own operations or tenant it to grow the income stream.
The units are being sold as a combined offering.
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The total net annual rental income from Units A and D is $78,000 plus GST and operating expenses.
Each unit offers practical design with roller door access, on-site parking, and good internal functionality, ideal for trade operations, storage, or light manufacturing.
The site layout allows flexibility for a range of business uses and future potential.
The subject location offers efficient connectivity to Drury, Takanini, and the wider South Auckland industrial and logistics network. State Highway 1 can be reached in a few minutes.
The property is zoned Business Mixed Use Zone under the Auckland Unitary Plan.
Colliers Directors Duncan Bell and Josh Franklin have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 17 December, unless sold prior.
Unit A has 300sq m of floor area and the three remaining units measure 110sq m.
Bell, Director of Investment Sales at Colliers, says there s a range of options for buyers to consider given the flexibility presented by two of the units being vacant.
"Prospective purchasers could use the vacant Units B and C for their own business interests while benefitting from the rental income from the tenanted units at the property," Bell says.
"Meanwhile, investors could examine the potential of add-value improvements to the units and tenanting them to generate more cashflow.
"The zoning provides scope to consider a range of future options, including a development."
Franklin, Director of Industrial at Colliers, says Papakura offers a strategic location supported by excellent transport connectivity, making it an ideal base for business operations.
"Papakura and the surrounding area in South Auckland continues to see ongoing investment in infrastructure projects, and the development of nearby Drury will add further services and commercial businesses," Franklin says.
The Mill Road corridor upgrade will enhance the connectivity between key South Auckland locations such as Manukau, Takanini, Drury, and Papakura, and will limit congestion.
"This property offers buyers the chance to acquire a foothold in the Papakura industrial hub."
- Supplied by Colliers
