A multi- faceted Onehunga property
This is an extremely rare opportunity to acquire two adjoining freehold industrial sites in one of Auckland’s most sought- after industrial suburbs. James Marshall
n industrial property included within Barfoot & Thompson Commercial’s new Insite portfolio publication, and located on a major arterial route in Auckland’s industrial powerhouse of Onehunga, is expected to attract owner- occupiers, developers and investors.
“This is an extremely rare opportunity to acquire two adjoining freehold industrial sites in one of Auckland’s most sought- after industrial suburbs,” says industrial broker James Marshall who, with colleague Brennan Wyllie, is marketing 321 Neilson St and 9- 13 Edinburgh St for sale by public tender closing at 4pm on Wednesday November 2, unless they sell earlier by negotiation.
321 Neilson St comprises three units for sale as one package, with two of leased and one vacant. Neighbouring 9- 13 Edinburgh St is being sold with vacant possession and is in three titles for sale as one lot. “The two properties zoned Business 6 with dual road access occupy a land area of 5393sq m and can also be purchased as one package,” Marshall says.
“The mix of low to high- stud concrete, brick and steel roofed buildings on the sites have mainly been used as a scrap metal and automotive dismantling facility in recent years.”
Two units leased at 321 Neilson St earn a combined annual rental of $ 75,592 and are on the southern side of the street a short distance from the intersection with Edinburgh St. Main access is via the right of way shared between 321 and 323 Neilson St.
The circa- 1980s industrial complex has three medium to high stud warehouse units with a hardstand yard area at the rear. The 3722sq m land area has a right of way from Neilson St.
Unit 1at 321 Neilson St, 357.25sq m, is leased to GNW Ltd for annual rent of $ 31,992 on a three- year lease commencing November 2015 with t wo three- year rights of renewal. It consists of a medium stud industrial unit of 186.41sq m with associated office, showroom and amenities area of 170.84sq m.
Unit 2 is a 527.7sq m high stud industrial unit comprising a 356.5sq m warehouse with 171.2sq m office and amenities over t wo levels. It has a 360.3sq m canopy.
Kiwi Bros Ltd leases the facility for $ 43,600 per annum on a one- year lease commencing April 20, 2015, with two one- year rights of renewal.
Unit 3, which is vacant, is a high stud industrial unit made up of 389.3sq m of warehousing and 100.6sq m of office/ amenities over two levels, a floor area of 489.9sq m.
The two- building industrial site at 9- 13 Edinburgh St i s for sale with vacant possession and is on the eastern side of the street near the intersection with Neilson St. The low- stud factory warehouse space with partitioned office and amenities appears to have been constructed over the title boundaries during the 1960s.
The warehouse with office and amenities at 9 Edinburgh St is 293.8sq m; while 11 Edinburgh St has a warehouse, office and amenities complex of 404.8sq m, and mezzanine of 87sq m — for a total floor area of 491.8sq m with a 56sq m canopy at the rear.
The site at 13 Edinburgh St is essentially concrete car parking and manoeuvring areas with two low stud concrete block storage sheds.