A well-presented and highly exposed road front industrial unit in the popular North Shore location of Rosedale is being presented to the market for sale and will be vacant from November, making it appealing to owner-occupiers and investors.
Located at 19F Triton Drive, the unit offers a mix of showroom, warehouse, and office space. It has 789sq m of total floor area and 14 car parks, providing operational convenience.
The stratum in freehold property is zoned Business – General Business Zone under the Auckland Unitary Plan.
Currently tenanted by compressed air, vacuum pump, and industrial gas specialists Ash Air, their lease agreement returns $163,000 plus GST and operating expenses in annual rental income.
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Given Ash Air has indicated they will be vacating the premises later in the year, the new owner will be able to enjoy holding income before deciding their next moves for the property.
Triton Drive is a key connector between North Harbour and Mairangi Bay’s industrial precincts and is a well-established route that benefits from its proximity to notable Albany amenities such as Westfield shopping centre and Massey University.
The motorway network is readily accessible from the subject property via multiple interchanges.
Colliers Directors Matt Prentice and Jack Tuson have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Tuesday 22 July, unless sold prior.
The unit is one of six that sits in a modern development that was constructed in 2007.
There is 349sq m of high stud warehouse space, while the showroom and work area on the ground floor spans 213sq m. The first floor office measures 218sq m.
Prentice, Director of Industrial Sales and Leasing at Colliers, says the property offers a broad array of buyers the chance to secure a foothold in an in-demand area of the North Shore.
“This is a highly functional unit with an efficient layout that benefits from its road front appeal. Given the flexibility of its Business – General Business zoning the property could be utilised for a wide range of commercial activities,” Prentice says.
“With the building becoming vacant towards the end of the year, an owner-occupier would have time to arrange their future move before taking control of their own premises.
“For investors, they may wish to add this property to their portfolio and seek a new tenant and there is scope to potentially grow the rental income from the existing figure.”
The surrounding area is a tightly held industrial location and vacancy for prime industrial floorspace in the Mairangi Bay precinct sits at 2.2 per cent, according to the latest research from Colliers. This is in line with the overall industrial vacancy rate for Auckland, which also sits at 2.2 per cent.
Industrial assets continue to catch the attention of investors, due to a lack of supply in the market.
Tuson, Associate Director of Industrial at Colliers, says this low maintenance building benefits from its sought-after location and is surrounded by established commercial and industrial firms.
“Westfield Albany and its supporting retail and hospitality options can be reached in under 10 minutes,” Tuson says.
“Properties such as this one are rarely presented to the open market and this purchasing opportunity gives buyers the chance to acquire a high-quality asset.”
- Supplied by Colliers
