The land and buildings of an industrial facility in the sought-after location of Rosebank Road in West Auckland are being offered to the market for sale and will appeal to buyers seeking an asset with long-term upside.
Sitting at 604 Rosebank Road, Avondale the property has two stand-alone buildings with a combined floor area of 5,398sq m on a 6,928sq m freehold site.
The 3,636sq m road-front building is available with vacant possession making it perfectly positioned for immediate occupation or refurbishment.
The rear facility measures 1,762sq m and is tenanted on a short-term basis by United Scaffolding Group.
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The company’s 12-month lease began on 31 January and provides $186,021 plus GST and operating expenses in net annual rental income.
There is an early termination clause that can be activated by either party with three months’ notice.
Rosebank Peninsula is one of Auckland’s most sought-after industrial hubs that is renowned for its low vacancy rate, strong occupier demand, and proven long-term growth.
The property is zoned Business – Heavy Industry Zone under the Auckland Unitary Plan.
Colliers Brokers Matt Prentice, Shoneet Chand, and Jack Tuson have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 18 March, unless sold prior.
The front building has multiple warehouses and two levels of office space, alongside a storage area and amenities. The rear building also provides warehouse and office space as well as supporting canopy.
Prentice, Director of Industrial Sales and Leasing at Colliers, says buyers are presented with a range of options from this versatile asset.
“There’s a number of ways this property could be positioned given there are two separate stand-alone buildings and that includes exploring redevelopment, occupying one of the facilities, or a combination of both,” Prentice says.
“With holding income in place from the rear building, the new owner will be able to strategically plan their next steps. There’s also the added bonus of the front building being available with vacant possession.
“The Heavy Industry zoning provides buyers with flexibility for its future usage.”
Chand, Director of Investment Sales at Colliers, says the subject property benefits from its proximity to State Highway 16, which offers efficient access to key points across Auckland, including the port, airport, and CBD.
“Transport connectivity is a major attribute of this tightly held location. Northbound access to the Northwestern Motorway is available via Rosebank Road, while westbound access is conveniently provided via Patiki Road. The CBD is approximately 10 minutes away during normal driving conditions,” Chand says.
“Industrial vacancy rates remain low across Auckland with recent research from Colliers noting the overall vacancy rate for industrial floorspace sits at just above 2 per cent reflecting the ongoing strength of demand.”
Tuson, Associate Director of Industrial at Colliers, says opportunities of this scale are rarely available in the Rosebank Road market.
“This land-constrained industrial hub is a popular spot for national and international firms due to its strategic location and connectivity to surrounding West Auckland suburbs,” Tuson says.
- Supplied by Colliers
