An office and warehouse unit in the heart of the North Harbour Industrial Estate in Auckland is being offered to the market for sale or lease and is available with vacant possession.
Located at 26E William Pickering Drive, the stratum in freehold property has 660sq m of net lettable area and includes nine designated car parks as well as a container drop area that is friendly to truck movements.
The office area has recently been refurbished adding to the high levels of functionality this unit will provide future occupants.
A market rental appraisal suggests the property could generate approximately $146,500 plus GST in net annual rental income.
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William Pickering Drive forms one of the main arterial routes through the North Harbour Industrial Estate. It links key areas such as Albany, East Coast Bays, and Upper Harbour Drive, reinforcing its importance as a core component of the local transport infrastructure.
The property is zoned Business – Light Industry Zone under the Auckland Unitary Plan. This designation allows for pursuits that do not generate objectionable odour, dust, or noise. This includes manufacturing, production, logistics, storage, transport, and distribution activities.
Colliers Directors Jack Tuson, Matt Prentice, and Shoneet Chand have been exclusively appointed to market the property for sale or lease via deadline private treaty closing at 4pm on Tuesday 27 May, unless sold prior.
The property has 500sq m of warehouse space, which will be appealing for a range of different prospective occupants.
Tuson, Associate Director of Industrial at Colliers, says given the property is available with vacant possession, a buyer or tenant could act quickly to take their next steps.
“This is a highly functional asset with convenient parking that will be suitable for a broad array of commercial operations,” Tuson says.
“There is significant flexibility on offer because the property is available with vacant possession. An owner-occupier could benefit from owning their own premises through having the ability to control their own destiny without being bound to future lease agreements. An investor may wish to acquire the building and tenant it accordingly.
“For prospective tenants, this building serves as an opportunity to lease space in one of the North Shore’s premier industrial locations.”
Research from Colliers notes the overall vacancy rate for industrial property across the Auckland region is only 2.2 per cent. Within the North Harbour hub that percentage is even lower for prime space with a vacancy rate of only 0.5 per cent, indicating the strength of the demand in this location.
Prentice, Director of Industrial Sales and Leasing at Colliers, says the North Harbour Industrial Estate has long been a sought-after area given its access to amenities and the nearby motorway network.
“Well-established industrial operators are spread throughout this popular precinct and the surrounding properties are of a high standard,” Prentice says.
“William Pickering Drive offers a smooth transition to the surrounding State Highways and Auckland’s central business district can be reached in approximately 15 minutes during off-peak traffic conditions.”
Chand, Director of Investment Sales at Colliers, says industrial space remains hard to acquire due to an ongoing lack of supply and this highly functional unit will meet a lot of requirements for businesses.
“Whether you’re seeking a leasing or purchasing opportunity, this property is one that warrants serious consideration.”
- Supplied by Colliers
