A high-profile industrial building in a sought-after spot in Albany on Auckland’s North Shore is being offered to the market for sale or lease and will attract interest from buyers or tenants seeking a first-rate facility in a strategic location.
Sitting at 242-244 Bush Road, Albany, the property benefits from its dual street frontage that offers considerable exposure and convenient access.
The facility has approximately 4,149sq m of total net lettable area on a 7,197sq m freehold site that is held in two titles. There are 47 on-site car parks.
Through its functional mix of a high stud warehouse, two levels of office space, a dangerous goods area, extensive all-weather canopy, and considerable yard space, this offering will meet the needs of a broad array of industrial firms.
Start your property search
With vacant possession available, the new owner or tenant can move quickly to enact their plans for the property.
The facility is conveniently positioned in the Rosedale commercial precinct and Bush Road links to key arterial routes while being only five minutes from the Northern Motorway.
The property is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
Colliers Directors Matt Prentice, Jimmy O’Brien, and Janet Marshall have been exclusively appointed to market the property for sale or lease and are taking expressions of interest with the deadline closing at 4pm on Tuesday 24 March, unless sold prior.
Originally constructed in 1998, the purpose-built facility has a significant warehouse footprint spanning 1,772sq m and is supported by 1,306sq m of office space.
The dangerous goods store measures 340sq m, while there is supporting storage space.
Prentice, Director of Industrial Sales and Leasing at Colliers, says the property is a premium offering that warrants serious consideration.
“Owner-occupiers will be drawn to this property as it gives them the chance to acquire their own premises and not be bound to a future lease agreement,” Prentice says.
“Businesses considering leasing the facility have the chance to secure space in a high-quality building that provides functionality and connectivity.
“Meanwhile, for investors, market estimates from Colliers suggest the property could return approximately $948,880 in net annual rental income and we foresee there would be strong interest among prospective tenants given the ongoing demand for quality industrial space in Auckland.”
O’Brien, Director at Colliers Auckland North, says the surrounding location is a recognised business hub that is home to national and international firms.
“The Rosedale commercial precinct is characterised by its modern mix of light industrial, office, showroom, and trade-based retail businesses,” O’Brien says.
“With access to key amenities nearby and central Albany only minutes away, it serves as a popular place for well-known businesses such as Crown Relocations, J.A. Russell, and Atlas Concrete to operate from.”
Marshall, Director of Sales and Leasing at Colliers, says when examining all of the relevant factors, this offering is one that will catch the eye of discerning buyers or tenants seeking a top-quality premises.
“High-spec industrial facilities in this sought-after location are seldom available, and the generous yard and accessibility mean this property is suitable for a broad array of businesses, while providing convenience for customers, staff, and suppliers,” Marshall says.
“This opportunity is underpinned by the convenience of being able to acquire or occupy the space with vacant possession.”
- Supplied by Colliers
