Sought-after investment in Kumeu
A premium new industrial site in a strategic location with a long-term, nationally recognised tenant presents an attractive proposition for investors.
Situated in the heart of the flourishing west Auckland suburb of Kumeu, 20-26 Access Rd is a pristine industrial property that beckons to investors seeking a future-fit addition to their portfolio.
This newly developed asset offers a chance to acquire a high-profile freehold site with a reputable national tenant on a long-term lease. Available for the first time, this prime property is being marketed by JLL.
20-26 Access Rd spans 4896sq m and features a modern building that occupies 1925sq m. A mix of openplan and partitioned offices inside, along with a wellappointed lunchroom and separate restroom facilities, provide versatile space for a range of operations.
The spacious warehouse with stud height of 6.8m at the portal knee rising to 8m at the apex is complemented by drive-through access via dual roller doors, sheltered by a full-length canopy. The secure yard is finished in concrete for drive-around access.
The property is on the market for sale by deadline, closing 4pm, November 15, unless sold prior.
Jason Armstrong, associate director at JLL, highlights its versatility. “The long-term lease is a significant drawcard for a diverse range of investors looking for a turnkey opportunity. Its attractive design and robust construction, coupled with on-site management designed to deal with severe weather events, will enhance any property portfolio.
“Further, the tenant, Akarana Timber, is a well-known brand across the country with deep roots in the wider Auckland region, and its 10-year lease with renewal options gives investors peace-of-mind and stable rental income for the foreseeable future."
United Timber Merchants Ltd, trading as Akarana Timber, boasts a strong presence in the building industry, offering pre-nail frames, trusses, timber, and building supplies. It is part of the United Industries Group, which encompasses well-known brands such as United Steel, Metalcraft and Pipes NZ.
With its covenant commencing in June 2023, the tenant pays an initial annual rental of $550,950 plus GST net, in addition to all operating expenses. With three rights of renewal for six years each, the potential expiry of the lease is 2051.
The property’s strategic location bolsters the opportunity, with the buyer securing a prime site zoned to benefit from Kumeu’s burgeoning commercial activity, says JLL associate director Alex Wefers.
“This property is located in the sought-after Business —Light Industrial Zone, positioning it ideally to benefit from the expanding residential community in west Auckland. Convenient access to SH16 and key arterial routes enhances its connectivity to Auckland's CBD, ports, and other important locations that make it attractive to a broad range of logistics and industrial businesses.”
The transformation of Kumeu into a bustling community hub underscores the location, according to JLL senior director Euan Stratton.
“Kumeu's proximity to major transport links makes this property a compelling investment choice, offering both stability and growth potential. Demographic studies in Kumeu indicate promising growth forecasts for the suburb.”