A highly visible trade retail unit in Albany with an established tenant on a prominent corner site presents buyers with an outstanding purchasing opportunity in a tightly held area.
2B Cebel Place, Albany is a 676sq m warehouse, showroom, and office building that sits on a dual access site and provides 14 designated car parks.
The property is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
NZ Safety Blackwoods, New Zealand’s leading supplier of safety equipment, engineering supplies, uniforms, and packaging, is the longstanding tenant and they are part-way through a three-year lease that expires in June 2024. NZ Safety Blackwoods is owned by ASX-listed firm Wesfarmers.
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The property provides $144,000 plus GST per annum in net annual rental income.
Situated in pole position on Bush Road, a key arterial route in Albany, the subject site commands an enviable corner position as part of a dual unit development, offering significant street exposure to passing traffic.
The motorway network is less than 10 minutes away, while Auckland’s CBD can be reached in approximately 15 minutes under normal driving conditions.
Colliers Directors Matt Prentice and Shoneet Chand have been exclusively appointed to market the property for sale by deadline private treaty closing at 4pm on Tuesday 28 June, unless sold prior.
Access to the highly functional unit is provided via automatic and standard hinged glazed doors to the Cebel Place frontage, with additional access provided via an electric roller door to the rear of the unit.
The ground floor predominantly comprises the 372sq m trade retail and showroom space and has suspended ceilings, recessed fluorescent lighting, ducted air conditioning, and vinyl flooring.
The remainder of the ground floor is split between an 86sq m office and 115sq m of warehouse space.
The warehouse space is situated to the western perimeter of the building, comprising a stud height of 5.2m at the portal knee. The space is provided with concrete flooring, unlined ceilings, and high bay lighting.
The 104sq m level one office space features partitioned meeting and office rooms and staff amenities, accessed via a central stairway in the ground floor lobby.
Prentice, Director of Industrial Sales and Leasing at Colliers, says the unit occupies a high-profile corner position and the purchasing opportunity is underpinned by a strong tenant covenant.
“NZ Safety Blackwoods have occupied the property since 2009 and this site is one of 30 trade centres they have across New Zealand,” Prentice says.
“They renewed their lease for a further three-year term in June last year that provides a final expiry of 12 June 2024.”
Shand, Director of Investment Sales at Colliers, says the visibility of the property and accessible location will hold significant appeal for buyers.
“The North Harbour industrial precinct has proven itself very popular for progressive companies due to the high standard of surrounding development, quality working environment, access to transport links, and supportive catchment demographics,” Chand says.
“William Pickering Drive, Bush Road and the local Rosedale Road are main arterials for the North Harbour region, linking Albany Village, the East Coast Bays and Upper Harbour Drive.
“Currently, the location has record low vacancy rates and is keenly sought-after by occupiers and investors."
- Article supplied by Colliers
