Functionality is at the forefront of a near-new premises on a large, freehold site in Papakura’s industrial precinct that provides an abundance of opportunities for owner-occupiers or investors.
The property is located at 53 Hunua Road, Papakura and sits on 4388sq m of Heavy Industry zoned land.
Constructed in 2019, the 1593sq m building comprises a 1400sq m warehouse, 180sq m office, and 13sq m of warehouse amenities, with a modern layout and configuration in an L-shape that will be suitable for a multitude of uses.
Colliers has been exclusively appointed to market the property for sale via auction at 11am on Tuesday 31 August at Level 1, Colliers House, 52 Highbrook Drive, East Tamaki, unless sold prior.
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The site is zoned Heavy Industry under the Auckland Unitary Plan, which is hard to find across the region given the shortage of viable locations in the central suburbs.
Josh Franklin, Director of Industrial at Colliers, says the location and size of this property makes it a highly attractive offering.
“Properties of this size bracket are hard to come by especially of this quality,” Franklin says.
“The generous land area and the way it has been designed with an 88 per cent warehouse to office ratio are attributes that are often in demand from users but are rarely found.
“The continuing trend of Auckland shifting south means this property is well located for future owners.
“The recent demand for Drury South land and the development in the area further illustrates the ongoing growth in this location.”
There is a short-term lease in place until late February 2022 held by Compact Homes Limited, trading as HouseMe, providing the new owner holding income of $230,000 plus GST per annum.
“The expiring lease gives the buyer certainty, and an owner occupier can plan their move and finally own in this size bracket,” Franklin says.
Hunua Road serves as Papukura’s main industrial arterial route and is only 3km away from State Highway 1 with the Papakura township only 2.5km away.
The region’s population growth and increased infrastructure investment has created a huge demand for land in South Auckland.
Future development in neighbouring Drury South will include a mixed-use enterprise district that will comprise 145ha of industrial and commercial land, 85ha of parkland, and 45ha dedicated to a new residential community that will create up to 8000 jobs.
Ben Cockram, Associate Director of Industrial at Colliers, says this tightly held location is popular among industrial occupiers and investors.
“There are limited purchasing opportunities in traditional central locations such as East Tamaki, Onehunga, and Mt Wellington, which are all areas that have seen large volumes of demand recently with few properties available,” Cockram says.
Access to the clear-span building, which features three phase power, is gained through four full height roller doors allowing optimal functionality.
The roller doors are 6m wide with approximately 1000sq m of sealed yard in front of them making this site ideal for truck and product movement.
The high-stud premises, featuring top-quality construction, is easily accessed from a driveway from Hunua Road.
The contemporary open-plan office layout is spread across two levels and features a reception area and enclosed offices with multiple heat pumps.
Toilets are on the ground floor and there is also a lunchroom on level one, which are all in excellent condition.
There is a generous parking area directly in front and to the side of the office, providing convenience for staff and customers alike.
Hamish West, Director of Industrial at Colliers, says the layout of the property will hold strong appeal for a range of buyers.
“We expect huge interest in this site as modern warehouses with a land holding of this size rarely come to the market,” West says.
“The functionality of the building will provide interested parties with a wide array of options and there is strong potential for growth in the surrounding area.”
- Article supplied by Colliers
