In the fast lane in Mt Roskill
The opportunity to purchase a tightly held industrial premises in the gentrifying suburb of Mt Roskill will appeal to a range of buyers given the site’s strong development potential.
The freehold site at 55 Carr Rd is part of a well-serviced pocket of Auckland that is experiencing dynamic growth due to the changing landscape of the area.
There are two interconnecting buildings on the 809sq m site, which are being utilised as an automotive repair shop, while a Vodafone cellphone tower in the northeastern corner provides an annual net rental of $15,402 on a lease that has a final expiry in March 2023.
This property can be purchased with vacant possession or with a leaseback with the mechanical workshop providing the new owner with short-term holding income.
Gawan Bakshi, investment sales broker at Colliers, says the current owners have spent nearly 20 years running their family business from this prominent location.
Bakshi says sites with this much potential rarely come to the market in this part of Auckland.
“There’s a distinct lack of supply of industrial sites in Mt Roskill making this an incredibly attractive purchasing opportunity with longterm upside.”
The fee simple, regular-shaped site has a significant street frontage to Carr Rd of approximately 16.4m and a site depth of roughly 49m.
The site is zoned Business – Light Industry Zone under the Auckland Unitary Plan. Buildings can be up to 20m high.
Ned Gow, investment sales broker at Colliers, says this property will hold vast appeal to a wide range of buyers given it could be repurposed for manufacturing, production, logistics, storage, transport, or distribution activities based on its zoning.
Gow says Carr Rd is one of the busiest streets in Mt Roskill and is well serviced by the surrounding residential catchments, providing excellent exposure to local businesses.
Mt Roskill has undergone considerable change recently and has seen a transition from its traditional industrial roots to a more retail-driven presence. Big box retailers Briscoes and Rebel Sport are located nearby, alongside Kreem Cafe, as part of a popular mixed-use development which exemplifies the shift in the area.
Colliers has been exclusively appointed to market the property for sale by auction to be held at 11am on Wednesday 18 August, unless sold prior, at Colliers, HSBC Tower, Level 23, 188 Quay Street, Auckland.