A highly visible building in Lunn Avenue in Mount Wellington is being presented to the market for sale. It will appeal to buyers of all kinds seeking a foothold in one of Auckland’s most tightly held commercial precincts.
38 Lunn Avenue has 1,187sq m of total net lettable building area on a 1,012sq m freehold site.
The property has showroom, warehouse, and office space with a modern fit-out.
It is available with vacant possession meaning the new owner can act quickly.
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Positioned on the southern side of Lunn Avenue, approximately 200m from the Marua Road intersection, the property benefits from strong exposure to a high-volume arterial route and sits amongst a well-established mix of national and international retailers, trade operators, and large-format users.
There are also 26 secure on-site car parks in the basement level that are accessed via an automatic gate and internal stairwell connection to the main building.
The property is zoned Business – General Business Zone under the Auckland Unitary Plan.
Education provider SCRATCHPAD leases additional space at the property, providing $62,934 plus GST in net annual rental income.
Their lease agreement has a final expiry of November 2029 and includes a market rent review in November and 3 per cent fixed annual increases in August 2027 and 2028.
Colliers Brokers Ben Cockram and Logan Roach have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 13 May, unless sold prior.
The multi-level facility was constructed in the 1980s and has since been refurbished.
The improvements are constructed from concrete floors and block walls, with timber cladding to the upper floor, and it has been upgraded to provide a modern, functional working environment suited to a wide range of occupiers.
Cockram, Director of Industrial at Colliers, says properties in Lunn Avenue rarely come to market, making this high-profile offering an appealing opportunity for buyers.
“It is incredibly scarce to be able to acquire space in Lunn Avenue and this asset will catch the attention of a broad array of purchasers given the different ways it can be positioned,” Cockram says.
“Its existing functionality means it has showroom and retail capacity, while the supporting office space comes with a range of amenities or could also serve as an area for additional product display.
“There is scope for an owner-occupier to purchase the building and utilise it for their business operations, while they could drive further income through leasing part of the facility.
"An investor could tenant the property and add value through future upgrades or additions.
“The volume of on-site car parks is valuable in this location and supports staff and customer requirements.”
Roach, Investment Sales Broker at Colliers, says Mount Wellington’s central location means occupiers on Lunn Avenue have excellent access to key transport links with the motorway network a short drive away.
“Sylvia Park can be reached in under 10 minutes from the subject property, while there’s a host of prominent retail brands along Lunn Avenue, including The Warehouse, PlaceMakers, Mitre 10, and a New World supermarket,” Roach says.
“Mount Wellington serves as one of Auckland’s premier industrial locations given its strategic positioning and accessibility.
"The Eastern Line rail network runs through the area while it is also serviced by multiple bus routes.
“Purchasing opportunities like this seldom come to the open market.”
- Supplied by Colliers
