Meanwhile, across the road...

A versatile Riverhead industrial property is for sale, offering rental income and a portion of the site with vacant possession.

6 Sawmill R dh as 4773sq m of total land area on a freehold site zoned Business–Light Industry under the Auckland Unitary Plan.

The property is split into three zones — the Upper Terrace, leased to JS cott and Company Ltd, a stormwater pond maintained by the Kumeu Industrial Park Association; and the vacant Lower Terrace that includes two temporary serviced canopy sheds in an 830sq m metalled yard.

The income from Upper Terrace tenancy is $108,000 plus GST and operating expenses a year. The current two-yea rle ase agreement for JS cott and Company runs until 30 June 2025 a ndh as two further rights of renewal for two yea rse ach, leading to a final expiry of 30 June 2029. The lease also includes 2.5 per cent annual rental increases and market reviews on renewal.

A shared concrete driveway establishes the main access to the Upper Terrace. The Lower Terrace has a separate security gated access via Forestry Rd.

Colliers directors Ryande Zwart and Jimmy O’Brien are marketing the property via deadline private treaty closing 4pm, Wednesday March 27, unless sold prior.

The Upper Terrace tenancy includes a stand-alone office building spanning approximately 94sq m, including the deck, as well as a 241sq m workshop tha th as a stud height ranging between 6-7m a ndc a n be accessed via three roller doors. The yard measures 650sq m.

De Zwa rt s ays the property will hold appeal for owner-occupiers, developers, and investors given the current layout of the site.

“With an established tenant in place there is a steady rental stream on offer meaning an owner-occupier may purchase the property and set up their operations in the Lower Terrace, while receiving valuable income,” de Zwa rt s ays.

“Alternatively, an investor may choose to acquire this property and then lease the Lower Terrace.”

O’Brien says River head is positioning itself as a sought-after industrial precinct in the city’s growing northwest.

“Roading developments have enhanced the accessibility of Riverhead, while the Westgate Shopping Centre can be reached from this property in approximately 10 minutes. The centre of River head is only three minutes away.

“The surrounding industria lp ark is set to undergo a wastewater upgrade and transition its water supply from a bore to external provision from Watercare. These upgrades will ensure the site’s future viability as the surrounding area undergoes strong projected demographic growth.”