Henderson industrial investment underpinned by diverse tenants

A versatile, fully-leased Henderson site combining warehouse, workshop, office and yard areas has been put up for sale, offering diversified income from three business tenants.

The freehold standalone building and secure yard for sale at 10 Amokura St lie in the heart of the established industrial precinct close to the town centre.

The property is occupied by a wooden furniture manufacturer established in Henderson over 30 years ago, along with a New Zealand maker of eco-friendly food containers and a business providing rentals of portable cabins.

The three tenancies generate combined net rental income of $105,500 plus GST per annum.

The property is being marketed for sale by tender (unless sold prior) closing at 4pm on Tuesday 24 August, through Bayleys Real Estate.

Salespeople Phil Haydock, James Were and Mark Preston said the property consisted of a building of some 744 sq m on approximately 2122 sq m of freehold land.

Were said the site’s Business – Light Industry zoning allowed for numerous activities.

Preston said the heart of the suburb was being reimagined as a flourishing urban eco centre.

“Auckland Council’s property development arm, Panuku, is leading the creation of a safe, high-quality and lively mix of new homes and public spaces with the aim of attracting families, businesses, investors and visitors to this growing area,” he said.

Henderson town centre is one of very few areas zoned Metropolitan Centre under the Auckland Unitary Plan, permitting development up to a height of 72.5m.

“Being so close to this area designated for high-density growth makes the Amokura St site a highly strategic acquisition for investors or developers with an eye for the future,” Preston said.