With industrial units in short supply across Auckland, a new development in the rapidly growing industrial precinct of Riverhead will provide the perfect solution for occupants seeking a functional workspace.
The development is located at 15 Timber Place, Riverhead and consists of six two-storey industrial units, which measure approximately 227sq m each.
There is showroom and warehouse space on the ground floor and 38sq m of office space on the first floor.
The units have high stud, clear span, tilt slab construction with roller door access and include dedicated car parking. When complete, there will be landscaping and pedestrian access to the road frontage.
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The property will be ready for occupation by the end of the year. One unit is for sale, while the remainder are available for lease.
This is one of Gibson O’Connor Construction’s complete turnkey design and build developments. Gibson O’Connor is a privately owned New Zealand construction business with a proven track record of success for over 50 years.
Less than 10 minutes away from the Westgate commercial hub, there’s a range of high-profile amenities that are readily accessible, while the improving motorway network through the north-west of Auckland adds to the connectivity on offer.
Colliers Directors Ryan de Zwart, Caroline Cornish, and Matt Prentice have been exclusively appointed to lease the units and are taking expressions of interest.
De Zwart, Associate Director of Industrial Sales and Leasing at Colliers, says the properties are being constructed with a modern design and will prove highly functional for future occupants.
“These units be suitable for contractors such as plumbers, electricians, or businesses with smaller warehousing requirements or those businesses needing additional warehouse space for product storage,” de Zwart says.
“Being much more than just a contractor, Gibson O’Connor understand the construction process from conception to completion and have the ability to create desirable and sought-after buildings.
“They have a first-class reputation for delivering quality construction on time while building lasting commercial relationships.”
Cornish, Associate Director of Investment Sales at Colliers, says the wider north-west of Auckland has undergone considerable change during the past decade and the industrial area of Riverhead has long been viewed as a growth location.
“Following the formation of the Auckland super city in 2010, Westgate was identified as one of ten Metropolitan Centres in the Auckland region and the subsequent Unitary Plan allowed the rezoning of surrounding areas, which massively increased the importance of Westgate as a retail and commercial centre,” Cornish says.
“There is also substantial residential development going on throughout West Auckland in suburbs such as Kumeu-Huapai, Red Hills, Hobsonville Point, and Riverhead.”
Prentice, Director of Industrial Sales and Leasing at Colliers, says industrial vacancy rates across Auckland remain incredibly low through a lack of supply and heightened demand.
“Recent research from Colliers highlights that the overall vacancy rate from prime premises across the city is only 0.6 per cent,” Prentice says.
“In the surrounding areas near the subject site, vacancy rates for prime sites are 0.4 per cent in North Harbour and 0.6 per cent in Henderson.
“These units will help alleviate some of that demand, but they are unlikely to remain available for long as savvy occupants will see the value in this offering."
- Article supplied by Colliers
