An industrial building in West Auckland is being presented to the market for sale or lease and will appeal to a wide array of parties given its functionality, high warehouse ratio, and proximity to the Lincoln Road motorway interchange.
Sitting at the end of a quiet-cul-de-sac at 21 Soljan Drive, the property has 2,558sq m of total floor area on a 3,492sq m freehold site.
The property will be available with vacant possession on two months’ notice, other than a small portion of warehouse space that is leased until 31 December 2025.
An appraisal from Colliers suggests when fully leased, the property could return approximately $483,604 plus GST and operating expenses in net annual rental income but the owner has indicated they are willing to meet the market.
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Industrial occupiers and tenants will appreciate the large power supply and two gantry cranes in the building.
Henderson’s commercial centre lies just 3km south of the subject property, while Auckland’s CBD is approximately 15km away and can be accessed via the nearby motorway network, with a typical off-peak travel time of 15 minutes.
The property is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
Colliers Directors Matt Prentice, Jack Tuson, and Caroline Cornish have been exclusively appointed to market the property for sale or lease via deadline private treaty closing at 4pm on Tuesday 6 May, unless sold or leased prior.
The property includes a 1,625sq m high stud warehouse and 325sq m of low stud workshop space. There is also a 448sq m office area on the first floor as well as lunchroom facilities, amenities space, a storeroom, and canopy.
With approximately 33 car parks on-site there is convenience on offer for staff, clients, and suppliers.
Prentice, Director of Industrial Sales and Leasing at Colliers, says having the opportunity to acquire the building with either vacant possession, or a period of holding income, will be highly appealing.
“Occupiers seeking their own premises could set up their operations quickly and enjoy the freedom of not being bound to a future lease agreement, allowing them to shape their own destiny,” Prentice says.
“Investors will also sense an opportunity to acquire the property and tenant it to secure a steady rental stream from this asset that is situated in a rapidly growing area of Auckland.
“Meanwhile, prospective tenants seeking a property for their business should consider this highly functional offering.”
Data from the most recent Census shows the Henderson-Massey local board area grew by 5.4 per cent between 2018 and 2023. This ongoing population growth will further the need for businesses and services in Henderson.
It is a suburb that has a tightly held industrial precinct with the most recent research from Colliers indicating there is negligible prime floor space available in Henderson.
Tuson, Associate Director of Industrial at Colliers, says having the chance to acquire or lease space in this popular West Auckland location is one that is not to be missed.
“Research from Colliers highlights the overall vacancy rate for industrial space across all of Auckland is 2.1 per cent, which shrinks further when considering the Henderson area,” Tuson says.
“Access to the motorway network and all of the amenities that Lincoln Road has to offer underscores the appeal of this property.”
Cornish, Director of Investment Sales at Colliers, says the flexibility of Light Industry zoning means the property could be utilised for a range of different purposes.
“As outlined by the Auckland Unitary Plan, the zoning provides for manufacturing, production, logistics, storage, transport, and distribution activities,” Cornish says.
“With the combination of soon-to-be-vacant possession and a sought-after location this property is one that warrants serious consideration.”
- Supplied by Colliers
