Corner the market, potential to upgrade in Mt Wellington
Sitting on a highly visible corner location in the sought-after industrial precinct of Mt Wellington, a warehouse and office building is for sale or lease with vacant possession.
130 Marua Rd has 2078sq m of total floor area on a 3599sq m freehold site zoned Business–Light Industry under the Auckland Unitary Plan.
Industrial property remains in demand among buyers and tenants with vacancy rates holding at historical lows owing to a lack of supply in the market.
The fully fenced property comes with multiple access points and includes 34 carparks.
Mt Wellington benefits from convenient access to Auckland’s motorway network and strong public transport links, while the Auckland Airport and CBD can be easily reached.
The zoning anticipates industrial activities that do not generate objectionable odour, dust, or noise. This includes manufacturing, production, logistics, storage, transport and distribution activities. This broad range of activities offers flexibility for the incoming occupant.
Colliers brokers Hamish West and James Dickey are marketing the property for sale or lease via deadline private treaty closing 4pm, Wednesday April 10, unless sold prior.
Built in the 1980s, the property is presented to a tidy standard but does offer scope to be modernised to meet the needs of the future occupants.
The warehouse measures 1062sq m and is complemented by a showroom, workroom and storage area, and 611sq m of office space spread over two levels.
Featuring two roller doors into the warehouse, which span approximately 6m wide, access is permitted via the front and rear of the building with a small canopy cover over the rear roller door.
Market estimates from Colliers suggest the property could be leased for approximately $473,000 plus GST.
West says the building enjoys significant road exposure and visibility to passing traffic.
“If an owner-occupier acquires this property they will be able to set up their operations and begin trading quickly, given it is available with vacant possession. There will also be businesses looking to lease the space due to the lack of industrial floorspace in Auckland,” West says.
“Astute investors will recognise the value of acquiring assets in the tightly held suburb of Mt Wellington where industrial-zoned property remains keenly sought among a wide array of buyers.”
Research from Colliers notes the vacancy rate for industrial property across Auckland is only 1.8 per cent, while the figure for prime properties in Mt Wellington is only 0.2 per cent, indicating the strength of the demand in this location.