A unit in the popular North Harbour Industrial Estate that is home to an established tenant is being offered to the market for sale, giving buyers the chance to acquire a well-positioned asset with a steady rental stream.
The property has 575sq m of floorspace and is located at 33E William Pickering Drive, Rosedale.
It is leased to Reproflex3 Ltd, a business that provides pre-press packaging products and services for creative agencies and FMCG brands.
The tenant recently began a new four-year lease term that runs until 2030 and with two further rights of renewal of three years each, there is a potential final expiry of 31 May 2036.
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The lease provides $118,860 plus GST and outgoings in net annual rental income, and there are built-in rental growth mechanisms, including annual CPI reviews and market reviews on renewal.
This keenly sought industrial location offers easy access to the nearby motorway network and a range of retail and commercial amenities.
The property is zoned Business - Light Industry Zone under the Auckland Unitary Plan.
Colliers Brokers Mike Ryan and Matt Prentice have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Tuesday 1 September, unless sold prior.
The highly functional unit is spread over two levels and offers a versatile mix of warehouse, workshop, and office accommodation.
The warehouse spans approximately 292sq m, while the office and amenities space measures 205sq m.
Enhancing operational efficiency are two roller doors providing excellent access and loading flexibility, together with four covered and three uncovered car parks that add convenience for staff and visitors alike.
Ryan, Industrial Sales Broker at Colliers, says the strength of the tenant covenant will hold appeal for investors seeking an investment with consistent cashflow.
“The asset offers prospective purchasers the opportunity to acquire a proven industrial investment. The lease agreement also has attractive terms that provide future rental growth,” Ryan says.
“The tenant’s business has occupied the property continuously since 2012, underscoring their commitment to the location.
"Originally a New Zealand-owned firm, the operation is now backed by international ownership following its acquisition by a multinational company.”
The North Harbour Industrial Estate in Rosedale is a busy area that is populated by a number of high-profile firms.
The surrounding precinct accommodates a broad range of commercial and industrial uses, including warehouse and distribution facilities, office parks, studio warehouse space, and retail stores.
Prentice, Director of Industrial Sales and Leasing at Colliers, says the property sits within one of the North Shore’s most sought-after industrial hubs.
“The surrounding area is characterised by a consistently low vacancy rate, exemplifying the continued demand for floorspace,” Prentice says.
“Westfield Albany and its neighbouring retail offering is only five minutes away, while the Auckland CBD can be reached in approximately 20 minutes to the south in off-peak conditions.
“This is an investment opportunity that is not to be missed.”
- Supplied by Colliers
