A stand-alone warehouse and office building in the sought-after industrial location of Albany on Auckland’s North Shore is being offered to the market for sale and is available with vacant possession.
Sitting at 56 Tarndale Grove, Rosedale the property has 2,245sq m of total building area on a highly visible 3,660sq m freehold site that is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
The well-maintained property has multiple roller doors and meeting rooms alongside a high car parking ratio and excellent accessibility, making this a desirable asset for owner-occupiers to inspect.
The building’s functional layout means it could also be positioned to accommodate multiple tenancies giving prospective investors a range of appealing options to consider.
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Key arterial routes such as Bush and Airborne Roads are readily accessible while the motorway network is only a few minutes away via nearby interchanges. Westfield Albany can be reached quickly, offering a range of retail and hospitality options.
Colliers Brokers Ryan de Zwart and Matt Prentice have been exclusively appointed to market the property for sale via deadline private treaty closing at 3pm on Tuesday 2 December, unless sold prior.
The warehouse and dispatch office at the property measures 1,046sq m, while the office and amenities space spans 799sq m over two levels. There is also production space and a workroom, alongside mezzanine and utility areas.
De Zwart, Associate Director of Industrial at Colliers, says it is rare to find a stand-alone building with such a large footprint in this location and given it is available with vacant possession the new owner can act quickly.
“The property is ideally positioned to accommodate firms from a broad array of sectors, including logistics, tech, education, or medical. The property also has a generous 50 dedicated car parks and multiple access points,” de Zwart says.
“Owner-occupiers have the chance to control their own destiny through acquiring this premises for their business operations, while investors could purchase the asset and look to find new tenants.
"A market appraisal from Colliers suggests the property could return approximately $529,385 plus GST and operating expenses in net annual rental income.”
The surrounding area includes a mixture of large-scale industrial buildings, smaller workshops, retail spaces, and shopping on William Pickering Drive and Bush Road. There are also schools, early childhood education centres, and sporting facilities.
Prentice, Director of Industrial Sales and Leasing at Colliers, says the North Harbour precinct is one of the mostly tightly held industrial hubs on the North Shore.
“The latest research from Colliers notes the vacancy rate for prime floorspace in this area is only 1 per cent, indicating the strength of demand for industrial property,” Prentice says.
“The overall vacancy rate for industrial space across Auckland is 2.2 per cent as the asset class remains resilient amid challenging economic conditions.”
- Supplied by Colliers
