A versatile industrial property in Mount Wellington is being presented to the market for sale or lease, offering flexibility for investors, owner-occupiers, and businesses seeking space in one of Auckland's most established industrial precincts.
Located at 3A and 3B Hotunui Drive, the dual title property occupies a substantial 1,800sq m site and comprises approximately 1,171sq m of warehouse and office accommodation across two adjoining units.
Unit 3A has 609sq m of space and offers a more traditional warehouse and office configuration with scope for refurbishment and value-add initiatives, while the other has undergone a more extensive office upgrade and presents to a modern corporate standard. Unit 3B measures 562sq m.
The offering stands apart due to the flexibility created by the separate titles, allowing purchasers to tailor their ownership strategy to their specific requirements, whether that involves occupying one building and expanding into the second later, generating supplementary income through leasing, or holding the property as a split-risk investment.
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The property is zoned Business - Light Industry Zone under the Auckland Unitary Plan and benefits from secure fenced access, generous car parking, container devanning capability, and a functional warehouse layout.
Colliers Directors Ben Cockram and Matt Prentice have been exclusively appointed to market the properties for sale or lease via deadline private treaty closing at 4pm on Wednesday 29 July, unless sold prior.
Cockram, Director of Industrial at Colliers, says the dual title nature of the property broadens its appeal to a range of purchasers.
"The ability to acquire two separate titles on a single site creates an appealing investment opportunity that will allow the future occupant to secure space in a popular Auckland industrial hub," Cockram says.
"An owner-occupier may choose to acquire one building for their own operations while leasing the second or investors can benefit from the opportunity to establish a split-risk income stream.
"The ability to adapt the property to changing business or investment requirements will appeal to a wide range of purchasers.
"There is also the potential to lease each unit individually and this may suit prospective tenants looking for a functional facility in a central location."
The opportunity on offer aligns with broader trends in Auckland's industrial market.
A recent report from the Colliers Research & Economics team found that occupiers continue to favour quality industrial accommodation in established locations, while leasing conditions have become more competitive as businesses carefully assess their space requirements.
Assets like this one that can accommodate a range of occupancy strategies are therefore highly appealing.
Prentice, Director of Industrial Sales and Leasing at Colliers, says Mount Wellington remains one of Auckland's most desirable industrial locations.
"Mount Wellington continues to be highly sought after due to its central position within Auckland and its proximity to key transport infrastructure, including State Highway 1, Auckland Airport, MetroPort Auckland, and the wider motorway network," Prentice says.
"Businesses value the ability to efficiently service customers across the region from this location, while investors are attracted by the enduring occupier demand that supports the precinct."
- Supplied by Colliers
