Corner the market with North Harbour office-warehouses
Three highly visible office and warehouse units in a tightly held industrial location on Auckland’s North Shore are being offered to the market for the first time since they were built.
The units are in a single title at 5 Beatrice Tinsley Crescent, Rosedale. Unit A is available with vacant possession while Units B and C have tenants in place, returning a combined total annual rental income of $171,000 plus GST and operating expenses.
The total floor area across the three units is 1494sq m and they sit on a 2440sq m freehold site zoned Business–Light Industry under the Auckland Unitary Plan.
The units occupy a prominent position in an area that has been intensively developed during the past 15 years.
The vacancy rates for prime industrial floorspace in the North Harbour precinct is only 1.7 per cent, according to recent research from Colliers, indicating a lack of industrial space in the locality.
Colliers director Matt Prentice and Laurie Burt from Bayleys are jointly marketing the units via deadline private treaty closing at 4pm, Tuesday March 5, unless sold prior.
Unit A has 737sq m of total floor area, including office space on the ground and first floors, warehouse space, and mezzanine storage. This unit has access to 14 carparks and would suit a range of future occupants with market estimates from Colliers suggesting the total net annual rental income would be approximately $162,000 plus GST. This unit is being advertised for lease.
Unit B has 293sq m of floor area and offers warehouse and office space as well as five parks. The unit is tenanted by Triple One Care on a four-year lease that runs until January 2026 and there is one further right of renewal for four years in place. There is a market rent review due in January 2027.
Unit C spans 464sq m and is occupied by Stop Digging construction on a lease running until January 2026 and there is one further right of renewal for two years. A market rent review is scheduled when the renewal is available.