With industrial floorspace remaining in short supply near Auckland Airport, a highly functional building that is available with vacant possession will catch the eye of owner-occupiers and investors.
Located at 95 Montgomerie Road, the facility has 972sq m of total net lettable area on a 2,640sq m freehold site. The property is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
The property, recently assessed as having a 100 per cent NBS rating, enjoys excellent visibility from the road and is only moments away from the key arterial route of George Bolt Memorial Drive.
The industrial hub near Auckland Airport is home to some of New Zealand’s largest distribution centres, logistics companies, and manufacturing firms.
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Aside from the airport, access to the motorway network holds appeal for tenants and occupants, while Wiri’s inland port is approximately 10km away from the subject property.
Colliers Brokers Tom Peterson and Paul Jarvie have been exclusively appointed to market the property for sale via auction to be held at Colliers Highbrook, 52 Highbrook Drive, East Tāmaki, Auckland on Tuesday 23 September at 11am, unless sold prior.
Constructed in the 1990s, the building offers a clear span warehouse with office and amenities over two levels situated to the front of the building. Construction comprises concrete foundations, nib walls with vertical metal cladding above, and steel portal framing with long run metal roofing.
The warehouse, which spans 754sq m, is accessed via two roller doors to the northern side of the warehouse footprint. The yard measures 345sq m and was repaved just over 10 years ago with gates installed at the same time, adding further security to the facility.
As outlined in the Auckland Unitary Plan, the Business – Light Industry zoning allows for industrial activities that don’t generate objectionable odour, dust or noise. This includes manufacturing, production, logistics, storage, transport, and distribution activities.
Peterson, Associate Director of Industrial at Colliers, says having the opportunity to acquire this asset with vacant possession provides considerable flexibility for the new owner.
“A business may view this functional offering as the ideal premises to base their operations from while not being bound to any future lease agreements,” Peterson says.
“Alternatively, investors will recognise the potential on offer and may choose to acquire the property and find new tenants for it. Given it is available with vacant possession, buyers will be able to move quickly to execute their future plans.”
The latest research from Colliers highlights the lack of available industrial space in the Airport Corridor/Māngere precinct. The vacancy rate for prime floorspace in the area is only 1.2 per cent, making it one of the most tightly held industrial hubs across the city.
The overall vacancy rate for industrial space across the wider Auckland region is 2.2 per cent.
Jarvie, Director of Industrial at Colliers, says the location of the property is a major drawcard as it provides firms with access to key transport infrastructure and a growing list of amenities.
“Nearby industrial hubs of Wiri, Mount Wellington, Onehunga, and Penrose can all be easily reached from the Auckland Airport area, opening up further business options for firms that operate there,” Jarvie says.
“The recent development of the Mānawa Bay shopping centre provides access to retail and food offerings during the day.”
- Supplied by Colliers
