A high-profile industrial property in Rosedale on Auckland’s North Shore is being presented to the market for sale and offers prospective purchasers the opportunity to acquire an asset with an established tenant and a steady rental stream.
Located at 4 Beatrice Tinsley Crescent, Rosedale, the functional property has 822sq m of total net lettable area on a 2,015sq m freehold title.
The facility has 19 on-site car parks while the 190sq m of rear yard offers space for storage or future expansion.
The building is currently tenanted by Aurae, a New Zealand-based company with the widest range of sun shading and ventilation louvre profiles available in the industry.
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Aurae recently renewed their lease agreement for another three years and there is one further renewal available leading to a final expiry of 31 December 2031.
The current contract rental income from the asset is $189,477 plus GST and operating expenses.
The property is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
This designation anticipates industrial activities that do not generate objectionable odour, dust, or noise. This includes manufacturing, production, logistics, storage, transport, and distribution activities.
Colliers Directors Matt Prentice and Jack Tuson have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Tuesday 23 June, unless sold prior.
Originally developed in the mid-1990s, the property comprises a 579sq m warehouse and is supported by 189sq m of office and amenities space on the ground floor.
With 38m of frontage to Beatrice Tinsley Crescent, the property’s elevated position means it enjoys high levels of visibility, while the northerly aspect provides good natural light across the site and into the building.
Prentice, Director of Industrial Sales and Leasing at Colliers, says the property benefits from its functional configuration and efficient layout.
“The property serves as a practical and versatile long-term investment asset and is underpinned by a steady rental stream from an established tenant that has reinforced their commitment to the location through its renewed lease,” Prentice says.
“The additional land at the rear of the property offers future expansion or development opportunities that will be appealing to add-value investors.”
The property sits within the well-established Rosedale West industrial estate, a sought-after precinct on the North Shore.
The tightly held area is characterised by a mix of commercial, retail, and office and warehouse developments. The location continues to see strong occupier and investor demand.
Tuson, Director of Industrial at Colliers, says the subject property benefits from its excellent connectivity to the surrounding transport network.
“There is easy access from the property to the Northern Motorway via Upper Harbour Drive and Tawa Drive. Outside of peak traffic, Auckland CBD can be reached in approximately 15 minutes,” Tuson says.
“Nearby Wairau Valley and Albany provide convenient access to a broad range of retail offerings such as the large format operators of Rebel Sport and Harvey Norman in Wairau and the Westfield shopping centre in Albany.”
- Supplied by Colliers
