A significant industrial asset in the West Auckland suburb of Henderson is being presented to the market for sale, giving buyers the opportunity to acquire a property with future development and value-add potential.
51, 51A, and 51B Keeling Road offers a total landholding spanning 14,238sq m across three separate freehold titles.
The existing buildings at the property provide 5,263sq m of total net lettable area, while there is also substantial yard space.
The asset is available with vacant possession or a short-term leaseback, meaning the new owner can move quickly if desired.
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Keeling Road runs off Henderson Valley Road, and this well-established industrial location is a short drive from the centre of Henderson and 10 to 15 minutes from the Northwestern motorway via either Lincoln or Te Atatu Road.
The Auckland CBD is approximately 20 to 25 minutes away during off-peak traffic conditions.
The property is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
This designation provides for industrial uses that do not generate objectionable odour, dust, or noise. This includes manufacturing, production, logistics, storage, transport, and distribution activities.
Colliers Directors Jimmy O’Brien, Matt Prentice, and Nelson Raines have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Thursday 11 June, unless sold prior.
The building at 51 Keeling Road has a 4,044sq m warehouse and 719sq m of office and amenities space. There are also 48 on-site car parks.
51A Keeling houses a 501sq m warehouse with a 345sq m yard. There is a 1,500sq m yard at 51B.
O’Brien, Director at Colliers Auckland North, says there is an angle to explore for a range of buyers.
“The scale of the site provides a compelling opportunity for investors and occupiers, while the underlying landholding enhances long-term growth prospects,” O’Brien says.
“For a business looking to expand their footprint, having the chance to secure this much space may be just what they have been seeking. Investors will recognise the significant potential on offer given the existing fundamentals and the opportunity to add value.
“A market assessment suggests the property could return approximately $883,000 plus GST and operating expenses in net annual rental income when fully leased.”
Prentice, Director of Sales and Leasing at Colliers, says Henderson benefits from improved accessibility that has been enhanced through improvements to the motorway network.
“The subject area is well serviced with public transport through bus routes, while the Western Line of the rail network runs parallel to the site.
"WestCity Waitakere and its broad array of shops and amenities is only five minutes away,” Prentice says.
“Industrial vacancy rates remain low across Auckland and the latest research from Colliers notes the prime vacancy rate for industrial property in Henderson is only 1.8 per cent, indicating the strength of the demand for this area.”
Raines, General Manager of Colliers West Auckland, says the property warrants serious consideration among buyers given the future potential on offer.
“Industrial property remains a keenly sought asset class with investors and the extensive landholding on offer here means a development could be undertaken to intensify the usage of the site and maximise its value,” Raines says.
- Supplied by Colliers
