Heavy industry-zoned site for sale in Takanini growth hub
A versatile and under-capitalised site zoned for heavy industry has gone up for sale in one of Auckland’s leading industrial growth hubs, presenting rare opportunities for owner-occupiers, add-value investors and developers.
The 14,451 sq m freehold site at 52 Spartan Rd, in the heart of Takanini industrial precinct, incorporates two high-stud warehouses and a substantial yard. Two national tenants provide total net holding income of $905,449 plus outgoings and GST per annum.
The warehouse, with a combined net lettable area of 6940 sq m, are leased to Tegel Foods, New Zealand’s top poultry producer, on a lease with an expiry in January 2023. Fluidex, the country’s leading transporter of bulk liquids and dry powder, leases the 4000 sq m front yard area. Its lease extends to August 2022 with a 12-month termination option.
Colliers has been exclusively appointed to market 52 Spartan Rd for sale by deadline private treaty closing at 4pm on Wednesday 14 July, unless sold prior.
Greg Goldfinch, Colliers’ national industrial director, says the property will appeal to a wide range of buyers in a market starved of quality industrial property.
“Owner-occupiers needing functional, goodvalue buildings and yard can buy and plan their move. Investors will see upside in the rentals, while for developers there’s an opportunity to purchase a premium site with the ability to build and/or renovate.
“The property’s location in Takanini’s established industrial hub positions it perfectly to benefit from the southward trend of Auckland’s population growth, infrastructure investment and ongoing development.”
The site for sale is level and has some 37m of frontage to Spartan Rd. The front portion of the property is a fully-fenced, secure gravel yard currently leased by Fluidex Transport.
The rear of the site, tenanted by Tegel, contains two clear-span warehouses of some 4632 sq m and 2280 sq m plus plant room and office. These structures are accessed via generous concrete yards at the front and rear of the buildings.
Paul Higgins, Colliers’ industrial director, says the warehouses each have a minimum stud height of approximately 5m, rising to some 13m.
“The site contains various hardstand areas used for access and, potentially, for parking and containers to the northern end of the site. A level, rectangular parcel of vacant land located to the Spartan Rd frontage presents potential opportunities for further development or storage of vehicles, trucks and containers.” Josh Franklin, Colliers’ industrial director, says a key attribute of the property’s Business – Heavy Industry zoning is that it supports sites large enough to accommodate large-scale industrial activities, typically close to key freight routes.
“Located in one of New Zealand’s fastest growing locations, within 500m of motorway onramps to State Highway 1, this is a truly rare offering that is likely to be keenly sought-after.”