Sale, lease opening in Henderson
A highly functional industrial building in Henderson, West Auckland, is available for sale or lease with vacant possession and will appeal to owneroccupiers, tenants and investors.
Unit C, 133 Central Park Drive has
1171sq m of total floor area and the stratum in freehold property is zoned Business–Light Industry under the Auckland Unitary Plan.
Given the vacant possession, any future occupant will be able to move quickly and can take advantage of the building’s high-stud warehouse. There is also supporting office space.
With easy access to the motorway network, the property offers connectivity across the Auckland region. Lincoln Rd and its food, hospitality and retail offerings can be reached in only a few minutes.
The property has approximately
29 on-site carparks meaning there is considerable space for container drop-offs and storage as well as parking for staff and suppliers.
Colliers directors Matt Prentice and Jack Tuson are marketing the property for sale or lease via negotiation.
The property has a 757sq m warehouse with a 135sq m workroom and 89sq m of office space, as well as mezzanine storage and a separate amenities area.
A market estimate from Colliers has appraised the potential annual rental income at approximately $192,000 plus GST and outgoings.
Prentice says the opportunity to acquire a highly functional asset with vacant possession in a popular location is not to be missed.
“Owner-occupiers could purchase the property and begin trading rapidly while enjoying the freedom of not being bound to a lease,” Prentice says. “Investors may look to attain this building and then lease it out and given the continued demand for industrial space in the area, we foresee there would be strong interest. Our market estimate suggests the property will provide a steady rental stream.
“Alternatively, a prospective tenant may be able to utilise this space for their own specific requirements and look to secure a long-term lease.”
Industrial property remains sought-after among landlords and tenants due to the lack of available supply in the market across Auckland.
The latest research from Colliers notes a 1.8 per cent vacancy rate for industrial floorspace across the Auckland area, while Henderson remains a tightly held location.
The vacancy rate for prime industrial property in Henderson is only 1.4 per cent and the precinct is popular given its accessibility to key transport infrastructure and amenities.
The wider Henderson-Massey area has proven to be a strong hub of economic and business growth. Data from Infometrics notes the number of business units in Henderson-Massey has grown each year for the past decade and the growth rate has outpaced the national average, highlighting the demand for the area.