A two-storey office building that is available with vacant possession in Auckland Airport’s sought-after commercial precinct is being offered to the market for sale or lease, giving buyers or tenants the opportunity to secure space in a highly visible building.
Located at 63B Richard Pearse Drive, the property has 730sq m of floor area and benefits from its position on a prominent corner site with multiple street frontages.
There is holding income in place from a short-term tenancy on the ground floor but the new owner or tenant will have access to the facility immediately if that suits their requirements.
There are 17 exclusive car parks with further common parking available on-site, providing convenience and accessibility for occupants.
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The Auckland Airport precinct is an established commercial hub that is populated by well-known industrial and logistics firms, including Mondiale, Synlait Milk, and DHL, among a host of others.
The subject property, which is zoned Business – Light Industry Zone under the Auckland Unitary Plan, is within 2km of Auckland Airport’s international terminal.
Colliers Brokers Tom Peterson, Paul Jarvie, and Cameron Whittaker have been exclusively appointed to market the property for sale or lease via deadline private treaty closing at 4pm on Wednesday 5 November, unless sold prior.
Peterson, Associate Director of Industrial at Colliers, says the building offers excellent access and visibility that makes this an opportunity that will catch the attention of prospective occupants and tenants.
“The building’s strategic positioning and functionality, as well as natural light, creates an inviting commercial premises for businesses,” Peterson says.
“Given the property can be taken over with vacant possession, the incoming occupant can move quickly to establish their operations and begin trading.
"If an owner-occupier was to buy the building, they have some flexibility on offer through the tenancy currently in place on the ground floor that will provide holding income.”
Jarvie, Director of Industrial at Colliers, says the property will hold appeal for investors who could acquire the asset and lease it out.
“Market estimates from Colliers suggest the property could generate approximately $185,000 plus GST in net annual rental income, providing a prospective owner with a steady rental stream,” Jarvie says.
“There is also scope to reconfigure the existing tenancies to suit a range of business needs, making it an adaptable asset for future growth that warrants consideration from discerning investors.”
Whittaker, Associate Director of Office Leasing at Colliers, says the strategic location of the property means it will appeal to a broad array of buyers or tenants.
“With Auckland Airport’s domestic and international terminals nearby, as well as access to the motorway network, the property benefits from a high level of connectivity,” Whittaker says.
“Award-winning business park The Landing is also only a few minutes away, meaning the future occupant of the subject property will be surrounded by some of the country’s most recognisable companies that are thriving in a purpose-built business hub.
“The addition of premium outlet shopping centre Mānawa Bay has provided further amenities to the Auckland Airport precinct and that facility can be reached in 10 minutes from the subject location.”
- Supplied by Colliers
