A highly visible trade retail premises that is strategically located in the East Auckland suburb of Glen Innes is being offered to the market for sale, giving buyers the opportunity to acquire a property that is available with vacant possession.
This immaculately presented building at 140-144 Apirana Avenue has 579sq m of total floor area and sits on a 1,012sq m freehold site.
With its mix of high stud warehousing, showroom/retail space, and office accommodation, the property will suit a wide range of trade, retail, or commercial uses.
There are also 12 dedicated on-site car parks and the building benefits from its attractive street frontage, making it an eye-catching fixture on a major arterial route that has a high volume of passing traffic.
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The property is zoned Business – Town Centre Zone under the Auckland Unitary Plan. The zone provides for a wide range of activities including commercial, leisure, residential, tourist, cultural, community, and civic services, providing a focus for commercial activities and growth.
The subject property includes a height overlay of 32.5m.
Colliers Brokers Sam Hyde-Smith and Logan Roach have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 13 May, unless sold prior.
Hyde-Smith, Investment Sales Broker at Colliers, says the property will draw the attention of owner-occupiers and investors who can act quickly given the building is available with vacant possession.
“This versatile and functional asset will suit an array of businesses who have the chance to establish or bolster their presence in a growing market,” Hyde-Smith says.
“For investors seeking to acquire the premises and lease it, the turnkey nature of the property combined with its roller door and loading capabilities will make it appealing for tenants.”
Glen Innes is a rapidly changing suburb that benefits from its central location with State Highway 1 only 5km away.
The Tāmaki regeneration programme is set to transform Glen Innes and the neighbouring suburbs of Panmure and Point England through high-density housing developments.
The subject property is a short walk to the Glen Innes train station, while multiple bus routes service Apirana Avenue.
A variety of nationally renowned brands are positioned along this busy retail strip, including Chemist Warehouse, Animates, Snap Fitness, and Pak’nSave, among others.
Roach, Investment Sales Broker at Colliers, says Glen Innes is a key growth location in Auckland that has benefited from significant investment in housing and infrastructure.
“On top of the housing developments that are taking place through the Tāmaki regeneration programme, the suburb has improved its connectivity through roading and public transport initiatives,” Roach says.
“Buyers considering a long-term investment opportunity will also be interested to note the future development potential that is enhanced by the zoning of the property and the generous height overlay of 32.5m.
“When considering all of the pertinent factors at play, this property will tick a lot of boxes for buyers seeking a high-quality premises that can be occupied immediately but also offers future upside.”
- Supplied by Colliers
