Hot demand for Shore cool store
A cool store facility in the tightly held North Harbour Industrial Estate is for sale or lease and will appeal to occupiers, investors or developers.
7 Armstrong Rd, Rosedale, has 2690sq m of net lettable area and includes a cool store facility with a high-stud warehouse that sits on a 6177sq m freehold title.
The property is the long-time home of high-profile food service firm Bidfood. It will vacate the premises in September 2024 meaning there is holding income in place until then. The total net annual rental income from the property is $654,381 plus GST.
As well as roadfront exposure in a cul-desac, there is drive-through access from Armstrong Rd to Bush Rd and the property offers 20 on-site carparks.
The Constellation Drive motorway interchange is approximately 2km away, providing access to SH1, while Albany Highway is nearby, leading to SH18.
To the north, Albany is only five minutes away with services including Westfield Albany, Massey University, and a range of big-name retailers as well as hospitality options.
The property is zoned Business—Light Industry under the Auckland Unitary Plan.
Colliers directors Matt Prentice, Shoneet Chand and Josh Coburn are marketing the property for sale or lease with the deadline for offers closing at 4pm, Wednesday November 8, unless sold or leased prior.
The purpose-built development was constructed in the 1990s and the dry goods storage area, which spans 928sq m, was further developed in 2006 and has a stud height of 9.7m to 9.8m.
The freezer is temperature-controlled and measures 656sq m. The chiller area is 249sq m. There is 218sq m of office space, as well as storage space and a separate plant room.
The environmental loading bay has five loading docks and is accessed via a full concrete/asphalt sealed and secured yard with cantilevered canopies above. An asphalt sealed driveway along the northern elevation provides access to Bush Road.
Prentice says there s a range of options on the table that will be appealing to prospective occupants or buyers. Vacancy rates for cool stores across Auckland remain at record lows due to a lack of supply in the market.