East Tamaki A-grade building and site
Street level view of the East Tamaki warehouse on the edge of Highbrook Park.
A modern high-stud warehouse and office building with vacant possession including a large, secure yard is available in eastern Auckland.
The 6208sq m site at 15 Echelon Place, East Tamaki, is offered for sale through Andrew Hooper and Greg Goldfinch of Colliers International, by private treaty closing on Wednesday May 18, unless it is sold before that date.
The property is at the end of a quiet cul-de-sac off Cryers Rd, which is a thoroughfare to Ti Rakau Drive and Highbrook Drive - the main arterial connecting to the southern motorway interchange. There’s easy access to burgeoning residential areas of Pakuranga and Botany.
Hooper says owner-operators always desire a foothold in this precinct close to Highbrook estate.
“This East Tamaki location is situated right on the edge of Highbrook Business Park — the number one preference for astute owner operators to house their businesses.
“An opportunity for an industrial asset like this simply isn’t available within Highbrook itself, so to get an A-grade quality facility almost ‘right next door’ is an appealing prospect.”
Hooper says the replacement cost of a property this size in this area — even if the land could be found to build it — would be in excess of $9 million “so this property represents excellent value”.
An elevated view of 15 Echelon Place.
“For all these reasons the property will also hold strong interest for investors,” he says.
“Vacancy rates are at all-time lows and Goodman recently leased up two spec builds of 6000sq m and 3000sq m respectively with no vacancy period.”
Hooper says the appealing minimal 481sq m office space footprint, A-grade 3628sq m high-stud warehouse and a large, expansive yard; future-proofs the asset for purchasers — especially because it is an area owner-operators and investors want to stake a claim in.
“East Tamaki is arguably the premier industrial location in New Zealand with strategic transport links and high profile tenants,” he says.
“Quality Highbrook-based businesses include Office Max and NZ Post and more recently Metro Glass as well as Steel and Tube.”
Goldfinch believes the sale of Contact Power Station’s land holding beside this area should add to the confidence of those considering 15 Echelon Pl.
“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,” he says.
The warehouse — constructed of concrete tilt slab and long run colour steel — is currently configured with space for 3200 pallets and that capacity has potential to be increased by up to 25 per cent, he says.
The warehouse includes mezzanine storage, a 413sq m canopy and ample space out the front of the building for container unloading and truck access. The offices are split over two levels.
Andrew Hooper (left) & Greg Goldfinch (right), of Colliers International.