Glen Innes industrial with wide appeal

9:41 AM Wednesday January 28, 2015 Colin Taylor

Exterior view of the frontage of warehouse and office light industrial building for sale at 227 Taniwha St in Glen Innes.

A standalone Glen Innes industrial building with medium stud warehousing and associated office accommodation on one level is being sold for the first time in 19 years.

“This property at 227 Taniwha St is expected to attract a wide range of owner occupiers, developers and investors looking for a versatile commercial property with good future upside,” says Brennan Wyllie of Barfoot & Thompson Commercial who, with colleague Mike Jensen, is marketing it for auction at 10.30 am on February 18 at the agency’s 50 Kitchener St city office, unless it sells earlier by negotiation.

The building on a freehold 883 square metre site has a total floor area of 505.61 metres and is being offered for sale with vacant possession.

“Glen Innes has become a great place to live and work - situated less than 12 kms from Auckland’s CBD and with a township centre has been transformed into a retail magnet for shoppers,” Wyllie says.

The property for auction is essentially rectangular in shape with a depth of about 43 metres on the eastern side. The Taniwha St roadside boundary is 17.23 metres increasing to 25.56 metres at the rear northern boundary.

“It has been occupied by a sail maker since 1996 and comprises a single level medium stud warehouse and office development that was constructed in the 1960s with a steel portal roof frame and gabled roof overlaid with long run iron,” says Wyllie.   

“The 429.2 sq m medium stud warehouse area is clear span encompassing flexible workspace with excellent natural lighting from glazing located on all sides of the premises. Truck access to the site is via Omaru Lane at the rear of the property where goods and materials can be delivered and stored in a gated yard area.

“The reception area and offices occupying 76.41 sq m are located at the Taniwha Street end of the building and comprise a mix of open plan and partitioned work space that is also set up well for general showroom and product display. Staff amenities are located at the front and centre of the premises which would provide flexibility if the property was to be leased to more than one tenant.”  

The property is on the northern side of Taniwha Street and a short distance from its intersection with Apirana Avenue. The main streets in Glen Innes are Line Road, Taniwha Street and Apirana Avenue, which meet in the city centre.

Glen Innes is situated close to a number of commercial and industrial areas, in particular the Morrin Road and Felton Matthew Ave areas, as well as the University of Auckland’s Tamaki Campus. “The large number of people working in these areas represents a significant potential customer base for the shops and businesses in the Glen Innes town centre which is anchored by Pak’n Save and specialist shops such as Nosh,” says Wyllie.

“Glen Innes is well connected to central Auckland and has a train station on the Eastern Line of the Auckland Rail Network and is also a hub for Eastern Auckland City buses. The completion of the AMETI  [Auckland Manukau Eastern Transport Initiative] project will further boost the popularity of the area.

Jensen says the property has generous on site car parking situated at the front and rear along with the availability of good parking off site.

“This sale represents an opportunity to secure a very tidy light industrial building in the rejuvenating Glen Innes business precinct which has been identified as a growth area in the Auckland Plan,” Jensen says. “It is located in an area zoned Mixed Use under the Auckland City Isthmus District Plan which allows for a wide cross section of permitted activities.”

He says the Mixed Use zone is applied to former business zoned areas of the city which are experiencing an increase in residential activity.

“This increase in residential activity, coupled with a range of business and leisure activities in these areas, is designed to enable the development of an urban environment which is supportive of alternative forms of transport such as public transport and cycling.

“While the zoning has an emphasis towards retail, residential and commercial activity it also recognises that other activities, at an appropriate scale and suitably designed and operated, can sit among these activities. Many of these provide opportunities for ‘starter businesses’ which need to locate in close to the central area or commercial centres as well as a customer base which may not be available near other business zones. Small-scale light manufacturing or servicing activities can provide local support for local centres and surrounding resident population. They also provide employment opportunities for surrounding residents within and adjacent to the Mixed Use areas,” Jensen says. 

What’s on offer?

The property: Standalone warehouse and office building.

Location: 227 Taniwha St, Glen Innes.

Agency: Barfoot & Thompson Commercial.

Sales method: Auction 10.30 am on February 18.

Where: Level 3, 50 Kitchener St.

Features:

  •          For sale with vacant possession.
  •          Freehold 883 sq m Mixed Use site.
  •          Total floor area of 505.61 metres.
  •          Front and rear vehicle access.
  •          In rejuvenating Glenn Innes business area.

Mike Jensen, Barfoot & Thompson Commercial.jpg

Mike Jensen of Barfoot & Thompson; ‘An opportunity to secure a very tidy light industrial building in the rejuvenating Glen Innes business precinct’.

For more information on this property visit:

TrueCommercial.co.nz