The land and buildings of an industrial asset in Glen Eden in West Auckland are available for sale or lease, providing versatility for owner-occupiers, add-value investors, or businesses seeking future expansion capability.
7 Waikaukau Road, Glen Eden comprises approximately 1,994sq m of floorspace across two buildings, including a recently refurbished warehouse, office, and accompanying amenities, all situated on a generous 3,900sq m freehold site.
The street-front office spans 264sq m and is currently leased until December 2028, returning $47,000 per annum plus GST and outgoings.
To the rear, the 1,585sq m warehouse, which is supported by 145sq m of office and amenities space and a 700sq m yard, is available with vacant possession.
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The configuration of the site and buildings allows for a range of potential occupancy scenarios, including partial occupation with supplementary holding income, making the asset an appealing investment in a tightly held West Auckland industrial market.
The property is zoned Business- Light Industry Zone under the Auckland Unitary Plan.
This designation anticipates industrial activities that do not generate objectionable odour, dust, or noise, which enables a range of options for future users.
Colliers Brokers Dhiru Patel, Greg Watson, and Nelson Raines have been exclusively appointed to market the property for sale or lease via deadline private treaty closing at 4pm on Thursday 2 July, unless sold prior.
Key operational features of the property include a substantial 400-amp three-phase power supply, four roller door access points, and extensive yard areas totalling approximately 700sq m, supporting efficient logistics, storage, and container movements.
Ample on-site car parking further enhances the property's accessibility and day-to-day functionality.
Patel, Associate Director of Industrial at Colliers, says the dual-tenancy configuration will appeal to prospective purchasers seeking both income and flexibility.
"Buyers have the opportunity to secure a premises they may wish to occupy for their own business operations, while off-setting cost through the income stream provided by the front tenancy," Patel says.
"Meanwhile, firms seeking a leasing opportunity have the chance to secure space in a versatile asset that has recently been refurbished and is well presented."
Investors will also be drawn to the offering as there is scope to potentially develop or expand the footprint of the property given the scale of the landholding.
Glen Eden is a growing suburb with a strong local residential catchment, ongoing infrastructure investment, and increasing demand for housing.
Watson, Associate Director of Industrial at Colliers, says the position of the property underpins its long-term appeal.
"With continued population growth and increasing demand for housing in West Auckland, the Glen Eden area is well placed to support sustained industrial demand," Watson says.
"Nearby retail centres include LynnMall in New Lynn and Kelston Mall, offering access to key amenities such as supermarkets, dining, and public transport connections."
Raines, General Manager of Colliers West Auckland, says the property warrants serious consideration from both investors and occupiers.
"Owner-occupiers are likely to be attracted to the property as it offers the opportunity to secure their own premises without being tied to future lease arrangements," Raines says.
"For businesses considering leasing, the facility presents a chance to secure space in a functional, recently refurbished asset."
- Supplied by Colliers
