Rare opening at prime Wiri site
Prime industrial properties with vacant possession are hard to find in the Auckland market, which makes a large-scale landholding with an existing warehouse in Wiri an unparalleled purchasing opportunity.
19 Druces Rd has 3566sq m of available warehouse space on a substantial freehold site that spans
19,205sq m and is zoned Business–Light Industry under the Auckland Unitary Plan. Vacant possession will be available from June 1.
Wiri is one of the most soughtafter industrial locations across Auckland due to its motorway access and connectivity to the Wiri Inland Port and Auckland Airport. High-profile industrial operators such as The Warehouse, Frucor, and Downer populate the area.
The flat site and current improvements mean the property can be configured in a range of different ways and could be split with relative ease.
Colliers directors Paul Higgins and Greg Goldfinch are marketing the property via deadline private treaty closing at 4pm Wednesday, April 12 unless sold prior.
The property sits on a rear site away from the road and houses a
3566sq m high-stud bulk store constructed around 2007. The original buildings have been demolished with the exception of a low-stud side warehouse, leaving approximately 14,000sq m of usable yard space.
Higgins says the lack of industrial land across Auckland makes this a highly appealing property for a wide array of buyers.
“This property offers owneroccupiers the opportunity to acquire a site that can be developed to fit their specific needs while providing them with the future freedom of not being bound to a lease. On the other side of the coin, investors will recognise the significant opportunities this property presents, and they could look to develop it further and secure tenants for the site.”
Higgins says recent research from Colliers shows how tightly constrained the availability of industrial space is across the Auckland region.
“The data notes the prime industrial vacancy rate for Wiri is stubbornly low at only 0.2 per cent,” Higgins says.
“In the neighbouring Airport Corridor and Māngere precinct the figure is the same, which indicates how challenging it is to secure functional industrial premises.”
The site is strategically located with the centre of Manukau less than 1km away.
“The proximity of Wiri to all of the major transport links, including highways, ports, and the airport means it will always be a coveted industrial hub among occupiers.”
Goldfinch says the flexible zoning means it can be used for a range of different purposes.
“The Business–Light Industry Zone anticipates industrial activities that do not generate objectionable odour, dust, or noise. This includes light manufacturing, production, logistics, storage, transport, and distribution activities,” Goldfinch says.
“This zoning means buyers will have a blank canvas to work from when they acquire this top-tier asset.”
Goldfinch says given the potential on offer and sheer size of the landholding this property will be one of the most sought-after industrial offerings of the year. “It is incredibly rare to see this combination of scale and future flexibility packaged nicely into one site that can be developed in a number of different ways.