Prominently positioned on a high-profile corner site in Rosedale, a premier property with a blue-chip tenant is sure to catch the eye of buyers.
2C William Pickering Drive, Rosedale offers 3,895sq m of office, showroom, and high stud warehouse space on a 5,580sq m freehold site that is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
The property is home to Fujifilm New Zealand who have a six-year lease that expires in August 2027.
The net annual rental income from the lease agreement is $806,727 plus GST while there are market rent reviews scheduled for August 2024 and 2026.
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As well as an A-grade seismic rating, the property also has 60 on-site car parks, providing convenience for occupants, customers, and suppliers.
The warehouse has two canopy covered roller doors allowing for good truck access. The site also boasts dual access from Bush Road and William Pickering Drive.
Sitting in the sought-after North Harbour Industrial Estate, this property represents a compelling purchasing opportunity that will generate strong interest in the market.
Colliers Directors Matt Prentice and Jimmy O’Brien have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Tuesday 14 March, unless sold prior.
The multi-level building includes 835sq m of ground floor office space and further office space on the first floor with 446sq m occupied by Fujifilm. The rear portion of the first floor office space is configured as a separate tenancy and is subleased to international tenant Heidelberg who occupy 317sq m.
The warehouse offers 1,708sq m of floor area, while there’s a 371sq m warehouse extension, 72sq m of mezzanine storage, and 125sq m of canopy.
Fujifilm New Zealand is a leading presence in the distribution of imaging equipment and services to the photographic, medical, and graphic systems markets.
They constantly strive to develop superior technology and continue to cultivate an imaging and information culture. As a global company, they aim to make innovative use of the most advanced technologies to provide imaging and information solutions that best meet the increasingly sophisticated needs of their customers.
Prentice, Director of Industrial Sales and Leasing at Colliers, says this property is a top-tier asset that comes with a strong tenant covenant.
“The occupants are committed to a long-term lease with favourable terms that will be appealing for prospective purchasers who will recognise the rental growth on offer from the property,” Prentice says.
“Fujifilm are an internationally renowned business with a strong reputation in the marketplace.”
O’Brien, Director at Colliers Auckland North, says the property enjoys a picture-perfect location on a highly visible corner site in one of the North Shore’s most tightly held industrial areas.
“The North Harbour industrial precinct has a vacancy rate for prime properties of only 0.4 per cent and the prevalence of high-quality buildings makes it a sought-after location,” O’Brien says.
“William Pickering Drive offers excellent access to the nearby motorway network and Auckland’s CBD can be reached in approximately 15 minutes in normal driving conditions, while Takapuna is only 10 minutes away.
“The Albany commercial hub is readily accessible and offers a range of shopping and hospitality amenities, including Westfield Albany.”
The Business – Light Industry Zone anticipates industrial activities that do not generate objectionable odour, dust, or noise. This includes manufacturing, production, logistics, storage, transport, and distribution activities.
- Article supplied by Colliers
