A highly functional industrial facility in the Auckland suburb of East Tamaki is available for purchase and offers buyers the opportunity to secure a footprint in a tightly held location on the doorstep of the Highbrook Business Park.
73 Cryers Road, East Tamaki, has 1,960sq m of total net lettable area and the building sits on a 3,000sq m freehold site.
The property is zoned Heavy Industry and consequently can cater to a wide array of businesses.
The highly visible property benefits from 40m of road frontage and has dual access and a generous fenced yard.
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There is a multitude of options to consider for purchasers with holding income available through the rear warehouse portion.
The property could be utilised for multiple tenancies, or if an occupier needs the whole building there is flexibility to grow into the site.
The asset is well suited to a range of industrial users, with highly functional warehousing featuring a 10m stud height, four roller doors, and the potential for gantry rail installation.
The front forecourt area has room for vehicle movements and access to the warehouse via a roller door.
High power capacity with further upgrade potential and an on-site transformer add to the property s appeal for manufacturing, engineering, and other power-intensive operations.
East Tamaki s central intersection, which connects Cryers Road with Highbrook Drive and State Highway 1, is less than 1km away, making this a highly convenient location.
Colliers Brokers Logan Roach, Greg Watson, and Josh Franklin have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 25 November, unless sold prior.
The property provides 1,496sq m of warehouse, 364sq m of office and amenities space, and a 100sq m showroom. There are also 29 dedicated car parks.
Roach, Investment Sales Broker at Colliers, says the configuration of the building means it can be utilised for different purposes.
"The premises may appeal to an owner-occupier seeking their own space to trade from, while there is scope for it to be split, creating a multi-tenancy opportunity," Roach says.
"With a sub-tenant in place in the warehouse extension, the incoming purchaser can benefit from an existing income stream while considering their future occupation or investment strategy."
Watson, Associate Director of Industrial at Colliers, says the property is centrally positioned in East Tamaki.
"In terms of accessibility, the property is well located 4km away from the State Highway 1 on-ramps and less than 2km from the Highbrook Business Park," Watson says.
"This business park offers various amenities, including hotels, cafes, childcare facilities, and banks. Additionally, the property has easy access to the main arterials of Highbrook Drive and Harris Road."
Franklin, Director of Industrial at Colliers, says East Tamaki is a sought-after industrial location that is home to a number of national and international businesses and has traditionally been an area with low vacancy rates.
"East Tamaki has a scarcity of industrial land, especially in this size bracket. Properties of this nature that provide options for owner-occupiers are hard to come by and very difficult to replicate due to the limited availability of sites of this size and high construction costs," Franklin says.
"The surrounding area is widely regarded as Auckland's premier industrial location and this property gives buyers the chance to establish a presence in this prominent spot. "
- Supplied by Colliers
