A bottom-drawer industrial investment property in Albany on Auckland’s North Shore is available for purchase, giving buyers the opportunity to acquire an asset with an established tenant and steady rental stream.
Located at 25B Triton Drive, the property has 733sq m of total net lettable area and 12 dedicated car parks.
Sitting in a highly visible location, there is significant exposure to passing traffic for the building.
The immaculately presented property is tenanted by Cama Products Limited, an established New Zealand family-owned and operated business that has been involved in the outdoor power equipment industry for over 70 years.
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Cama Products is part-way through a four-year lease term and there is another right of renewal for four years that is available leading to a final expiry in March 2031.
The current annual rental income from the property is $174,568 plus GST and operating expenses.
Triton Drive is one of the major arterial routes in Albany’s sought-after industrial hub and is home to a range of well-known firms.
The property is zoned Business – General Business Zone under the Auckland Unitary Plan.
Colliers Brokers Matt Prentice, Shoneet Chand, and Jack Tuson have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Tuesday 3 March, unless sold prior.
The property, part of a dual unit development by the reputable Kea Property Group, comprises a 541sq m high stud warehouse, while the single-level office and showroom area spans 163sq m. There is also supporting canopy space.
Prentice, Director of Industrial Sales and Leasing at Colliers, says prospective purchasers have the opportunity to secure an investment with a highly visible street presence.
“This is a property with strong appeal that has been expertly constructed and is home to an established tenant that is a proven operator in their sector,” Prentice says.
“There is a steady rental stream available and future rental growth through market reviews that are set for 2027 and 2029.”
Chand, Director of Investment Sales at Colliers, says this popular industrial hub benefits from its proximity to the Northern Motorway and key transport routes.
“Auckland’s CBD can be reached in approximately 15 minutes outside of peak traffic conditions,” Chand says.
“The immediate surrounds are made up of modern office, industrial, and service-based businesses that have been developed during the past 20 years. There are food and retail outlets nearby as well as public transport facilities at the northern end of the street, further improving the accessibility of the subject property.
“The combination of connectivity, local amenities, and the opportunity to operate within an established commercial environment continue to make Triton Drive a popular North Shore location.”
Tuson, Associate Director of Industrial at Colliers, says this is an asset that ticks plenty of boxes.
“Investors searching for the chance to acquire an affordable, premium-grade property should give serious consideration to this offering,” Tuson says.
“Modern properties of this quality rarely come to the market in this tightly held area.”
- Supplied by Colliers
