A quality building in a prime East Tamaki location
An elevated view of the frontage of the property at 20a Arwen Place.
Brokers expect an office and warehouse facility in industrial south Auckland to interest owner-occupiers, investors and tenants alike.
The unit titled property at 20A Arwen Place, East Tamaki is being offered for sale or lease through Paul Higgins and Jolyon Thomson of Colliers International by deadline — with offers closing Wednesday May 11, unless sold prior.
Higgins says the 2045sq m building area will interest buyers looking for industrial property for investment purposes or their own use, in one of Auckland’s most popular industrial locations.
“Most of the building — 1883sq m — is available as vacant possession allowing owner-occupiers to move straight in. New owners will have the benefit of an existing tenant providing an immediate, strong supplementary income.
“East Tamaki is arguably the premier industrial location in New Zealand with strategic transport links and high profile tenants. Opportunities to secure a foothold in such a highly desirable precinct with the added benefits of an established second lease don’t come along often.”
The remaining 162sq m is leased to ‘The Dentist’ on a three-year-lease with three further three-year right of renewals. Returns are $24,330 plus GST per annum.
Higgins says replacement cost of a property this size, adjacent to Highbrook Business Park — if available at all — would exceed $4 million.
“Given the current record low industrial vacancy rates for South Auckland industrial properties, investors could expect a quick up-take by new tenants.
The office and warehouse for sale is designated by a red border.
Thomson says the recent sale of the Contact Power Station’s nearby massive landholding will only add to the confidence of purchasers examining this opportunity. “That significant land holding is designated to be another master-planned modern business park, signalling the ongoing quality growth and appeal of the precinct and underpinning why properties in this area are so tightly held.
“Quality nearby Highbrook-based businesses include Office Max and NZ Post and more recently Metro Glass as well as Steel and Tube.”
The solid, concrete block construction industrial building comes with plenty of warehouse space and is adaptable with the ability to be reconfigured, says Thomson.
The current configuration consists of a 1285sq m high-stud, widespan warehouse with two two-tonne gantry cranes and four full height roller doors. The office area is split over two levels with 120sq m on the ground floor and 314sq m on the first floor.
There is an additional 162sq m of mezzanine storage space as well as ample on site car parks.
The Business 5 zoned, road frontage property is in the heart of East Tamaki, off quiet cul-de-sac Kerwyn Ave — minutes from SH 1. The immediate surrounding locality comprises a mixture of small, medium and large scale industrial premises. “There is easy access to Wiri and Mt Wellington and the main arterials of Ti Rakau Drive and Harris Road provide good access to Pakuranga and Botany.”