Land long-term lease in airport precinct
A prominent stand-alone office and warehouse building in the industrial hub near Auckland Airport is being offered to the market and presents the opportunity to acquire a prime asset in a sought-after location.
9 Freight Place, Māngere, has
2853sq m of total net lettable area on
5261sq m of freehold land zoned Business–Light Industry under the Auckland Unitary Plan.
The property is leased to Hauraki Marine Ltd, trading as Burnsco, a wholly owned subsidiary of Road Tech Marine Pty Ltd, whose parent company is Jaycar Electronics Group.
Burnsco has served New Zealanders for more than 140 years and is the biggest seller of marine, RV and motorhome accessories in the country.
Its current six-year lease runs until
31 July 2028 and returns $448,961 plus GST in net annual rental income. There are future rental reviews in place, providing rental growth for the new owner.
The property is located in a cul-desac that is accessed via Richard Pearse Drive and has more than 50m of road frontage. It includes 18 dedicated carparks.
Auckland’s motorway network is readily accessible, while the property has a direct connection into the award-winning industrial precinct, The Landing.
Colliers brokers Brad Johnston, Tom Peterson and Paul Jarvie are marketing the property via deadline private treaty closing 4pm, Wednesday June 5, unless sold prior.
Built in the mid-1980s, the property includes 2228sq m of warehouse space as well as supporting office and amenities areas. There is 165sq m of canopy, while the yard spans approximately 1240sq m.
The warehouse, at the rear of the site, offers entry from the western yard through four electric roller shutter doors, with a canopy overhead.
An additional access point is provided by a fifth roller door at the front with a modest canopy. The warehouse stud height starts at 5.2m, rising to 6.7m at the apex. The property offers dual access from Freight Place.
Johnston, director of Industrial at Colliers, says the property provides a strong tenant covenant and favourable lease terms for buyers.
“Burnsco is an established operator and their lease agreement includes market reviews in August this year and in 2026,” Johnston says.
“There are also 3 per cent fixed increases in August 2025 and 2027 that will provide further appeal for prospective purchasers.”
Industrial vacancy rates remain stubbornly low across Auckland and the latest research from Colliers notes prime industrial floorspace has a vacancy rate of only 0.2 per cent in the Airport Corridor and Māngere precinct.
Peterson says the Auckland Airport area is a popular industrial location for landlords and occupants due to its accessibility to the wider transport network.
“Sitting only 3.5km from the international terminal of Auckland Airport, this property is right in the heart of one of Auckland’s most desirable industrial locations,” Peterson says.
“This prominent spot continues to grow and there is continued demand for occupiers to secure space in this area. Nearby neighbours include wellknown firms such as Mondiale, Hellmann Worldwide Logistics, Bollore Logistics, DHL, Foodstuffs, Giltrap Group and many other logistics and transport operators.”
Jarvie says the combination of a long-serving tenant in a high-quality building in a popular location makes this a compelling purchasing opportunity. “We foresee considerable interest in this property given the underlying investment fundamentals and ongoing demand for opportunities within the industrial asset class,” he says.