Buyers circle for conveyor belt supplier’s premises
The large industrial property housing a leading supplier of commercial conveyor belts and roofing products has been rolled out for sale.
The freehold site in Otara is home to the warehouse, office and showroom premises of Viking Group. It specialises in sourcing, supplying and installing conveyor belts and is also New Zealand’s largest supplier of exterior waterproofing.
The Viking Group pays annual net rent of $808,307 plus outgoings and GST on a lease that runs through to 2026. The lease agreement incorporates two-yearly market rent reviews.
The property at 80 Alexander Crescent and
18 Lovegrove Crescent is being marketed by Grant Magill of Bayleys Auckland Central with Sunil Bhana and James Hill of Bayleys South Auckland. Sale is by deadline private treaty closing on Thursday 3 November, unless sold earlier.
Magill said the property consisted of an approximately 5861sq m standalone building on
1.47ha with ample on-site parking and dual street access.
“Constructed around the 1960s, the large, refurbished building combines a substantial industrial warehouse with tidy office/showroom areas. The premises are well-presented, with refurbishment works including the recent reroofing of the front part of the building. A low office-to-warehouse ratio ensures efficient and functional warehousing, with a scale that offers the ability to split the warehouse in future if required,” Magill said.
The property offers more than 4400sq m of warehouse space with convenient access facilitated by three covered and enclosed loading bays opening to sizeable yards. The main access, Alexander Crescent, is supplemented with a rear entrance from Lovegrove Crescent, assisting efficient movement of goods and vehicles onto, off and across the site.
Bhana said business activities on the site were supported by good connection between the office and amenities and warehouse spaces.
The property sits in a small pocket of industrial premises close to the key industrial precinct of East Tamaki.
“Business–Light Industry zoning under Auckland’s unitary plan provides for a wide range of activities that do not generate objectionable odour, dust or noise. This includes manufacturing and production as well as storage, distribution, transport and logistics,” said Bhana.
Hill said the surrounding area was typified by small to medium warehouses dating to the 1960s and 1970s, which provide for manufacturing and distribution services.
The Fair Mall retail precinct, key transport links and the Southern Motorway are all close by.
Bhana added: “With record low industrial vacancy rates across the Auckland region, the functional space will continue to enjoy strong demand, with plenty of redevelopment opportunities in the future.”