A brand-new industrial building that is available with vacant possession in the rapidly growing South Auckland suburb of Drury South offers buyers of all kinds the opportunity to acquire a premier low maintenance asset.
4A Bill Stevenson Drive, Drury South has 1,249sq m of warehouse and office space on a 1,665sq m freehold site that is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
Currently in the final stages of construction, the property will be completed in May and is being built by Euroclass, ensuring it will be a project of exceptional quality. The property will have 12 dedicated car parks offering convenience for occupants and visitors to the site as well as 120sq m of canopy.
Drury South is developing at pace and the subject property will be surrounded by high-profile operators such as Mitre 10, J.A. Russell Ltd, Plumbing World, Bunnings, Cardinal Logistics, and Bidfood.
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The strategic location of the property means access to the motorway is readily available through two interchanges and provides connectivity across the ‘Golden Triangle’ of Auckland, Hamilton, and Tauranga, which makes up a significant portion of New Zealand’s economy and the North Island’s population.
Colliers Directors Paul Jarvie and Brad Johnston have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Thursday 27 April, unless sold prior.
This brand new ‘spec build’ property features full-height concrete panel walls providing for a clear span warehouse that measures 1,000sq m.
Modern, well-appointed two-level office space sits in the front and right of the property with access to the warehouse gained through a single 5.8m wide roller door. The ground floor office area spans 80sq m with the first-floor space measuring 169sq m. The car parks and yard space are at the front of the site.
Jarvie, Director of Industrial at Colliers, says the opportunity to acquire a building with vacant possession will be highly appealing for buyers.
“This presents owner-occupiers with the chance to acquire their own premises and not be bound to any future lease agreements,” Jarvie says.
“Alternatively, investors will recognise the value in purchasing a property such as this one to then fill it with a new tenant and we predict there would be no shortage of interested parties.”
Recent research from Colliers notes how challenging it is to find vacant industrial space in the Auckland region with an overall vacancy rate of only 1.8 per cent.
Prime industrial space in the Wiri precinct has a vacancy rate of only 0.2 per cent and the nearby Airport Corridor and M?ngere hub has the same figure.
Johnston, Director of Industrial at Colliers, says the location of the property presents the future occupants with access to key North Island markets.
“Auckland’s CBD and airport can be reached in approximately 30 minutes, while it’s about an hour to Hamilton, and just over two hours from Tauranga,” Johnston says.
“This location means a business is strategically placed between the coastal ports of Auckland and Tauranga and the inland ports in Auckland.”
Johnston says the ongoing growth of the wider Drury area means it will be a sought-after hub of activity.
“Drury is set to benefit from $2 billion of infrastructure investment over the next ten years. With new railway stations, bus routes, roads, and water infrastructure to be added. It is already becoming the focal point of considerable industrial and commercial occupier interest.
“With the flexibility of Light Industry zoning, this property provides the future occupants with a range of options, and we encourage all interested parties to contact us immediately.”
- Article supplied by Colliers
