Lincoln Rd offices open for business
A highly visible office building in a sought-after West Auckland location is being presented to the market with vacant possession and will draw interest among tenants, owner-occupiers and investors.
Unit B, 111 Lincoln Rd, Henderson, has 1113sq m of total net lettable area and the stratum in freehold property is zoned Business–General Business under the Auckland Unitary Plan.
The property is currently tenanted by ACC until 28 February 2025, but could be available with vacant possession at the end of June.
With its prime roadfront position, the property benefits from significant exposure to one of the key arterial routes in West Auckland.
In addition to the common carparks in the Lincoln Centre, there are also 21 dedicated carparks on the title, providing convenience for the occupants.
The office is part of a larger shopping centre and sits near wellestablished national businesses such as The Warehouse, Spotlight, Nood and Noel Leeming. Lincoln Rd is also home to an extensive number of food and beverage outlets.
Colliers brokers Benson Tarm and Caroline Cornish are marketing the property for sale or lease via deadline private treaty closing 4pm, Wednesday May 22, unless sold prior.
Originally constructed in 1998, the property comprises a ground-floor entrance and lobby leading up to the large first-floor office that includes a reception and several individual meeting rooms. The large single floorplate provides a platform for seamless business flow.
Tarm says the opportunity to acquire this office building with vacant possession means prospective purchasers will have a range of options.
“Owner-occupiers will covet the opportunity to acquire the property and begin trading quickly, all while being in control of their own destiny by not being bound to a lease agreement,” Tarm says. “Meanwhile, investors may tenant the building with a new occupant.
“Market estimates from Colliers suggest the annual rental income from the property could be approximately $315,000 plus GST and operating expenses.”
Accessibility to West Auckland and the property has greatly improved in recent years due to the enhancement of the surrounding motorway network. There are also a range of bus services running through Lincoln Rd.
The Waterview Tunnel has substantially reduced travel times and improved connectivity to Auckland airport.
West Auckland is a rapidly growing area featuring numerous housing developments with suburbs such as Westgate and Hobsonville benefiting.
Henderson-Massey Local Board area’s total population in 2023 was 131,400, according to data from Infometrics, up 2.3 per cent from the year prior, outpacing the national figure of 2.1 per cent.
Cornish says this population growth has contributed to a growing demand for services and business development in West Auckland.
“The North West shopping centre can be reached in approximately 10 minutes from the subject property, while New Zealand’s first Costco opened in West Auckland in 2022 in a nod to the potential of this fastgrowing locality,” Cornish says.
“Further information from Infometrics notes the average growth of business units in the Henderson Massey area during the past 10 years is 3.6 per cent, larger than the national figure of 2.3 per cent. Having the opportunity to secure a highly functional office building surrounded by such a complementary mix of amenities is something that is seldom seen in West Auckland.”