An office and warehouse facility in the industrial hub near Auckland Airport is available for purchase giving buyers the opportunity to acquire an asset with an established tenant that has signed a new five-year lease.
6 Aintree Avenue has 2,708sq m of total net lettable area on a 3,500sq m freehold site.
The property has dual access and 33m of road frontage. It is tenanted by Nutritech International, a company known for innovation and high-quality products that improve animal health and has stood the test of time since 1915.
The firm recently agreed to a new lease that begins on 1 January and provides $495,270 plus GST in net annual rental income. The final expiry of the agreement is 31 December 2031.
Start your property search
The lease includes market reviews in 2027 and 2029 and CPI reviews in 2028 and 2030, providing built-in growth for the new owner.
The motorway network is only a few minutes away from the subject location, while there is also a direct connection to the award-winning business park The Landing, which is home to an array of high-profile industrial and logistics firms.
The property is zoned Business- Light Industry Zone under the Auckland Unitary Plan. This zoning allows for a broad array of activities, including manufacturing, production, logistics, storage, transport, and distribution.
Colliers Directors Paul Jarvie and Brad Johnston have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 3 December, unless sold prior.
The front warehouse measures 915sq m and offers entry from the western yard through two electric roller doors. The warehouse stud height starts at 6m, rising to 7.8m at the apex.
The rear warehouse measures 1,297sq m and has a stud height starting from 6.3m at the portal knee rising to 12.6m at the apex.
The office space, situated at the front of the site, is split over two levels. It features a blend of open plan and compartmentalised office space across both levels, complete with kitchenette and bathroom amenities. The office also benefits from internal access to the warehouse.
Jarvie, Director of Industrial at Colliers, says the property is home to an established tenant that has shown their commitment to the location through agreeing to a new lease.
"Prospective purchasers have the opportunity to acquire an asset that delivers a steady rental stream with income growth on offer through the favourable lease terms," Jarvie says.
"Nutritech is a leader in animal nutrition with origins dating back more than 100 years. They also have a factory in Rolleston in the South Island and their products are used by farmers across New Zealand."
The industrial hub near Auckland Airport is a sought-after location among tenants and owner-occupiers given the access to key transport infrastructure such as the State Highway network, Wiri inland port, and the domestic and international airport terminals.
Johnston, Director of Industrial at Colliers, says vacancy rates remain low in the surrounding area due to the demand for industrial space near the airport.
"The latest research from Colliers notes a vacancy rate of only 0.8 per cent for prime industrial floor space in the Airport Corridor and Mangere precinct, while the overall industrial vacancy rate across the city is 2.2 per cent," Johnston says.
"Major firms such as DHL, Mondiale, and Foodstuffs are some of the renowned brands that occupy space near the airport, underlining the area's appeal as an industrial location."
- Supplied by Colliers
