Two neighbouring development sites in Albany on the North Shore are being offered to the market for sale and present owner-occupiers, developers, or investors with the opportunity to secure a blank canvas landholding.
The freehold properties are located at 75 and 78-80 Paul Matthews Road and sit in the established Rosedale commercial and industrial precinct.
The site at No 75 spans 3,214sq m and the landholding at 78-80 is 1,355sq m.
The properties enjoy formed and legal access from Paul Matthews Road, with excellent exposure to a key North Shore arterial and strong connectivity to State Highway 18, the Northern Motorway, and wider Auckland motorway network.
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The sites are available for purchase individually and are both zoned Business – Light Industry Zone under the Auckland Unitary Plan.
This designation anticipates industrial activities that do not generate objectionable odour, dust, or noise.
This includes manufacturing, production, logistics, storage, transport, and distribution activities meaning buyers have a range of options to consider.
Colliers Brokers Ryan de Zwart and Matt Prentice have been exclusively appointed to market the sites for sale via tender closing at 4pm on Thursday 26 March.
De Zwart, Associate Director of Industrial at Colliers, says the sites will catch the attention of buyers given the lack of available development land in the area.
“With the majority of industrial land on Auckland’s North Shore already developed, opportunities to secure vacant industrial land of this scale and profile in Albany are increasingly scarce,” de Zwart says.
“Research from Colliers notes the North Harbour industrial precinct, where the subject sites are located, has a vacancy rate of 1 per cent for prime industrial floorspace.
"The overall industrial vacancy rate across the city sits just above 2 per cent, indicating the continued strength of demand for industrial space.
“These sites will hold appeal for owner-occupiers who can create a premises that will meet their business needs, while developers have the chance to develop something that will add to this established precinct.
"Investors may look to build and lease the property, and we foresee there would be considerable interest in a new facility in this location.”
Paul Matthews Road is a well-recognised industrial route that connects directly to key arterials such as Bush Road and Apollo Drive.
The surrounding area is characterised by a complementary mix of light industrial, trade retail, showroom, and office occupiers.
The wider precinct is highly regarded and is populated by national and international firms, underscoring its credentials as one of the most sought-after commercial locations on the North Shore.
Prentice, Director of Industrial Sales and Leasing at Colliers, says the location’s proximity to the motorway network means it offers convenience for future occupants seeking connectivity across the North Shore and Auckland.
“The nearby on-ramps provide efficient links to Albany and Auckland CBD, while there’s a range of commercial precincts that are only a short drive away that provide retail, dining, and other amenities,” Prentice says.
“These sites are vacant and development ready making them highly appealing for motivated buyers that are keen to move quickly.”
- Supplied by Colliers
