Versatile unit with vacant possession in Wiri
With industrial vacancy rates remaining at historical lows across Auckland, the opportunity to acquire a highly functional industrial unit in the sought-after hub of Wiri will pique the interest of owneroccupiers and investors.
57A McLaughlins Rd, Wiri, has 978sq m of total net lettable area and is zoned Business–Heavy Industry under the Auckland Unitary Plan.
The property, which offers a high-stud warehouse and modern offices, includes 16 allocated car parks, providing convenience for future occupants, clients, or suppliers.
The fully fenced and secure unit is conveniently situated with strong road frontage, providing easy access and ability for all-weather loading and unloading, courtesy of a 25sq m canopy.
Colliers brokers Hamish West and James Dickey are marketing the property for sale via deadline private treaty closing 4pm, Wednesday April 10, unless sold prior.
The breakdown of the property includes a generous 759sq m of warehouse space and 218sq m of office area.
The warehouse is constructed with modern tilt-slab technology, ensuring durability and low maintenance.
West says being able to acquire a property with vacant possession will be highly appealing for prospective purchasers.
“The opportunity to secure the property and begin trading quickly is desirable and many potential buyers will covet the chance to move rapidly to establish their operations,” West says.
“On the other hand, an investor may look to purchase this asset for their portfolio and lease it out and there will be a strong level of interest in the market due to its overall functionality.
“Market estimates from Colliers note the property could be leased for approximately $213,000 plus GST per annum, providing a steady rental stream for the potential new owner.”
The location means it has access to major arterial routes nearby and the motorway network, providing connectivity north and south.
With the Wiri Inland Port only 3.5km away and Auckland Airport 8km away, the strategic locale means key transport infrastructure is readily accessible.
This accessibility has seen Wiri become a home for major commercial operators such as Plumbing World, Wurth New Zealand, and Kmart among others.
Dickey says Wiri is one of the most tightly held industrial precincts in Auckland.
“Recent research from Colliers notes the overall industrial vacancy rate across Auckland is only 1.8 per cent, a figure that remains stubbornly low due to an overall lack of supply in the market,” Dickey says.
“The vacancy rate from prime industrial space in Wiri is only 0.9 per cent.
“The figure for the nearby Airport Corridor/Māngere precinct is even lower at 0.2 per cent.
“With industrial property so scarce, it makes this unit a compelling purchasing opportunity in a market that is short of space.”
West says the property has a lot of underlying investment fundamentals that will tick the boxes for buyers.
“Finding a highly functional unit with vacant possession in a sought-after spot such as Wiri is sure to catch the eye of astute buyers.”