Fresh look at modern Papakura warehouse
Functionality is at the forefront of a near-new premises on a large freehold site in Papakura’s industrial precinct that provides an abundance of opportunities for owner-occupiers or investors. The property is located at 53 Hunua Rd, Papakura, and sits on 4388sq m of Heavy Industry-zoned land.
Constructed in 2019, the 1593sq m building comprises a 1400sq m warehouse, 180sq m office and 13sq m of warehouse amenities, with a modern layout and configuration in an L-shape that will be suitable for a multitude of uses.
Colliers has been exclusively appointed to market the property for sale via auction at 11am on 31 August at Colliers House, 52 Highbrook Drive, East Tamaki, unless sold prior.
Josh Franklin, director of industrial at Colliers, says the property’s location and size makes it a highly attractive offering.
“Properties of this size bracket are hard to come by, especially of this quality,” Franklin says. “The generous land area and the way it has been designed with an 88 per cent warehouse-to-office ratio are attributes that are often in demand from users but are rarely found.
“The continuing trend of Auckland shifting south means this property is well located for future owners.
“The recent demand for Drury South land and the development in the area further illustrates the ongoing growth in this location.”
There is a short-term lease in place until late February 2022 held by Compact Homes Ltd, trading as HouseMe, providing the new owner holding income of $230,000 plus GST per annum.
“The expiring lease gives the buyer certainty, and an owneroccupier can plan their move and finally own in this size bracket,” Franklin says.
Future development in neighbouring Drury South will include a mixed-use enterprise district that will comprise 145ha of industrial and commercial land, 85ha of parkland, and 45ha dedicated to a new residential community that will create up to 8000 jobs.
Ben Cockram, associate director of industrial at Colliers, says this tightly held location is popular among industrial occupiers and investors. “There are limited purchasing opportunities in traditional central locations such as East Tamaki, Onehunga and Mt Wellington, which are all areas that have seen large volumes of demand recently with few properties available.”
Hamish West, director of industrial at Colliers, says the layout of the property will hold strong appeal for a range of buyers.
“We expect huge interest in this site as modern warehouses with a landholding of this size rarely come to the market. The functionality of the building will provide interested parties with a wide array of options and there is strong potential for growth in the surrounding area.”