Space available at Papakura manufacturing complex
Following south Auckland manufacturer Laminex’s decision to vacate its Papakura property several businesses are showing interest in leasing space there.
Nigel Ingham and Mark Bramwell , of Commercial Realty are marketing space- to- lease in the sprawling 17,154sq m complex, at 40- 52 Hunua Rd. “We are close to signing deals with a couple of occupiers already and in discussions with several others,” Ingham says.
“Businesses are attracted to the complex’s location as well as the costeffective nature and flexible size of the units on offer.”
Papakura has been identified as a key growth area for Auckland and the locality offers great access to the air- port and destinations further south, he says. “Good transport links mean Papakura is in high demand as an industrial, trade retail and service hub. This facility, which offers a big variety of unit sizes and layouts at an affordable rental, i s a compelling package in a great location and we’re receiving a lot of enquiries as a result.”
The complex is made up of several warehouses, factory areas, workshops and storage space. It also has plenty of external yard, offices and a laboratory if prospective tenants need it.
Spaces on offer range from 500sq m units ideal for smaller businesses, right up to a possible 17,154sq m lease covering several high and low- stud warehouses, offices, storage areas, canopies and a staff canteen, says Bramwell.
“The owner is keen to work with prospective tenants and come up with a solution that suits their needs, whether that involves splitting existing factory or warehouse areas or combining several spaces into one tenancy. The large yard area also offers space for development.”
The property will suit businesses looking for well- priced industrial space in a market where supply constraints are resulting in rental increases, says Ingham.
“Compared to rents in other industrial precincts in South Auckland — such as Manukau, East Tamaki and Penrose — this facility i s very well priced. Not every business needs new, high- stud industrial space, or is willing to pay for it.”
The property therefore offers an attractive and flexible alternative in a market that is broadly characterised by high demand, restricted supply and increasing rents, Bramwell says.
“Asking rents at this property are probably the most affordable in the current market, and the landlord is willing to offer flexible lease terms.”
Given the increase in the number of houses being built in Papakura and further south, the property would suit businesses providing products or services to the construction industry, Ingham says. Warehousing and storage users have also been showing interest in the spaces on offer.