Buyers seeking a substantial industrial landholding in the tightly held Rosebank Road precinct in West Auckland may have found what they are looking for.
396-398 and 404 Rosebank Road, Avondale represent a generational opportunity to acquire a sizeable asset in a sought-after location.
Spanning a total of 9,072sq m, the properties, which are being offered to the market for sale for the first time in over 30 years, can be acquired individually or together.
396-398 Rosebank Road comprises a regular-shaped 1,809sq m site with its own separate driveway access from Rosebank Road.
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Currently vacant and undeveloped, the site benefits from minimal contour and approximately 44m of road frontage.
The property is perfectly positioned for future development, or it could serve as a valuable extension to the adjoining property at 404 Rosebank Road, which spans 7,263sq m and houses a 2,425sq m industrial facility.
The building offers a highly functional configuration and is complemented by extensive yard space and ample on-site car parking.
Rosebank Road is one of Auckland s leading industrial precincts given its connectivity to the wider motorway network and the Port of Auckland.
Colliers Brokers Jack Tuson, Matt Prentice, and Nelson Raines have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 26 August, unless sold prior.
The warehouse facility at 404 Rosebank Road was constructed in the 1960s and later added to.
The original factory measures 935sq m and the modern warehouse extension measures 880sq m.
It also includes supporting office and amenities spaces.
Tuson, Director of Industrial at Colliers, says the property provides scale, flexibility, and significant future upside for investors, owner-occupiers, and developers.
"It is incredibly rare to find the opportunity to acquire such a significant landholding on Rosebank Road with this much potential.
"Buyers looking to purchase both sites will be able to secure a significant holding that could be repositioned for a range of different uses," Tuson says.
"Owner-occupiers have the chance to control their own destiny and not be bound to future lease terms, while also futureproofing the growth of their business given the vacant landholding.
"Meanwhile, investors could lease the existing improvements at the property or develop it further and capitalise on the need for floorspace in the area."
Industrial property continues to be a coveted asset class among investors, while the ongoing demand for space in Auckland has remained robust amid challenging economic conditions during the past few years.
The latest research from Colliers notes the overall vacancy rate for industrial space across the city is only 2.8 per cent, a figure that remains low by broader historical and international standards.
Prentice, Director of Industrial Sales and Leasing at Colliers, says the asset has been held by the same family for multiple generations, giving buyers the chance to acquire a foothold in this sought-after location.
"Rosebank Road is highly valued by landlords and occupiers because of its accessibility and busy local amenities," Prentice says.
"The area's popularity is underscored by the number of national and international firms that have a presence in the surrounding precinct."
Raines, General Manager at Colliers West Auckland, says when examining all of the pertinent factors, this is a purchasing opportunity that warrants serious consideration.
"Through this property, prospective purchasers can secure scale, functional improvements, yard utility, and future development optionality in a proven industrial location. This is one that is not to be missed," Raines says.
- Supplied by Colliers
