A refurbished industrial building in Wairau Valley on Auckland’s North Shore is being presented to the market for sale and is available with vacant possession.
Located at 17 Parity Place, the property has about 955sqm of total floor area on a 1776sqm freehold title. This stand-alone industrial building will appeal to a wide range of owner-occupiers or investors given its high warehouse to office ratio and superior functionality.
Refurbished from top to bottom, the predominantly open plan and naturally lit offices are complemented by a new kitchenette, amenities, suspended ceilings, and ducted air-conditioning.
The 706sqm rectangular warehouse has been reroofed and boasts excellent access via two roller doors to a newly sealed secure yard. The parking area offers eight dedicated car parks with room for more depending on business needs.
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Parity Place is a well-known cul-de-sac that sits off Sunnybrae Road and directly opposite Porana Road. The street benefits from a traffic light-controlled intersection, making life easy for truck movements. Access to the Northern Motorway is readily available via the nearby Tristram Avenue interchange with alternative access at the Northcote Road interchange, which is closer to Takapuna.
The property is zoned Business – Light Industry Zone under the Auckland Unitary Plan. The zoning allows for a broad array of industrial operations such as manufacturing, production, logistics, storage, transport, and distribution activities.
Colliers brokers Matt Prentice and Mike Ryan have been exclusively appointed to market the property for sale via deadline private treaty closing October 7.
Prentice says the building presents magnificently following the refurbishment.
“This property looks outstanding and the works were completed to a high specification, making it suitable for a range of different business uses,” Prentice says.
“With vacant possession available, an owner-occupier could set up their operations and begin trading quickly. There will also be considerable interest from discerning investors who will recognise the quality on offer and may purchase the property and find new tenants.
“A market appraisal from Colliers suggests this property could return approximately $191,000 plus GST in net annual rental income, providing a steady rental stream.”
Wairau Valley is a well-established industrial hub on the North Shore and benefits from its accessibility from the motorway. It is only 15 minutes from Auckland CBD outside of peak-hour traffic conditions.
The area is known for its extensive array of retail options, including big-name brands such as Mitre 10, Rebel Sport, and Bunnings, among others.
Ryan says the Wairau Valley location is a popular one for industrial businesses and the subject property offers the opportunity to secure a top-quality premises in a tightly held area.
“The flexible zoning, alongside the building’s functionality, will be of significant benefit to any future owner and will allow them to utilise the property for a range of different business purposes,” Ryan says.
“Opportunities like this are rarely seen on the open market and given the property’s recent refurbishment this shapes as a low-maintenance asset that ticks a lot of boxes. We encourage all interested parties to reach out to us to discuss their options.”
Supplied by Colliers
