An ideally located property in the Auckland industrial stronghold of Onehunga is being presented to the market for sale and offers developers or occupiers the opportunity to acquire a landholding of significant scale.
Sitting at 37-41 Felix Street in Onehunga, the freehold site spans 50,811sq m and is available with vacant possession.
There is 221m of road frontage to Felix Street with five vehicle crossings.
There are some development consents in place, which could be advantageous to the new owner, and there are also some existing improvements at the property that could be utilised for occupation or rental income.
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Onehunga is one of Auckland’s most sought-after industrial locations and is populated by many well-known local and multinational firms.
Its central location and access to the nearby motorway network underpin its appeal and Auckland Airport is only 13km away.
The property is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
This zoning allows for industrial activities that do not generate objectionable odour, dust, or noise. This includes manufacturing, production, logistics, storage, transport, and distribution activities.
Colliers Directors Greg Goldfinch and Todd Kuzmich have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Tuesday 29 April, unless sold prior.
The existing improvements at the property include a three-level office building that was constructed in the mid-1970s with extensions added over time.
Running along the southern boundary of the site is what remains of the former plasterboard manufacturing facility that previously operated on the property. The buildings are clear span with stud heights ranging from 5.7m to 11m.
Following re-roofing, these buildings could suit a wide range of occupiers in their current format or be incorporated in the redevelopment of the property.
There is also a small warehouse and workshop building with office space.
Goldfinch, National Director of Industrial at Colliers, says sites of this scale are seldom seen on the open market in Auckland.
“This is a major landholding that provides prospective purchasers with the opportunity to acquire a large site in the heart of one of the city’s most keenly sought industrial precincts,” Goldfinch says.
“Developers will have the chance to create something that will have a notable impact on the surrounding area or an occupier may view this as the site they have been waiting for to expand or develop their existing business operations.
“With vacant possession available, the new owner will be able to move quickly with their plans.”
Industrial floorspace remains in short supply across Auckland with the latest research from Colliers noting an overall vacancy rate of 2.1 per cent.
In the Penrose/Onehunga precinct, the vacancy rate for prime industrial space is only 1.5 per cent, highlighting the continued demand for this premium location.
As well as access to the major roading networks around Auckland and the airport, MetroPort Auckland is less than 3km away, providing further connectivity for businesses in the area.
Kuzmich, Director of Industrial at Colliers, says this property ticks a lot of boxes given its underlying land value, development potential, and favourable zoning that allows for a broad range of industrial activities.
“There is a lack of available industrial land across the Auckland region and the opportunity to develop at scale in a prime location like Onehunga is one that warrants serious consideration,” Kuzmich says.
“Properties with this much potential will generate considerable interest among buyers.”
- Supplied by Colliers
