Prime office and warehousing is in the beating heart of Auckland's industrial activity.
With a shortage of high-quality industrial warehousing units reported in the popular Penrose and Mt Wellington areas, two high-quality office and warehouse units have become available for lease in Goodman's The Gate Industry Park at 373 Neilson St, Penrose.
Offered through Ben Herlihy of Colliers International, the properties form part of a seven-unit complex in the industrial park, offering functional industrial accommodation to medium-size businesses in a prime location, and in a tight market for vacancies.
"Mid-market industrial space is now so limited that, aside from the units at The Gate, there is not a single vacant A-grade industrial building between 1000sq m and 2000sq m available in the central industrial area," says Herlihy. "Many industrial occupiers are coming to the end of long-term leases that commenced between 2004 and 2006, and are now finding that their property requirements have vastly changed. Alterations to the supply-chain models of many companies have often affected their warehousing requirements so many tenants are now seeking properties that represent a better fit for their current operation."
Herlihy says, in the past 12 months, Colliers International has leased more than 30 significant industrial sites in the central industrial market, making up a total lettable area of over 100,000sq m.
He says The Gate units are available following the relocation of existing customers into design-build facilities through Goodman. They comprise between 1500sq m and 1550sq m of warehouse space and include 250sq m of air-conditioned offices over two levels. However, two neighbouring units could be combined as 3000sq m of warehouse.
The fully fire sprinkler-equipped premises have a stud height of 9m at the knee rising to 10.5m at the apex. Generous canopy areas of 185sq m and 230sq m, which are also fully "sprinklered", provide sheltered loading and unloading space. Nine car parks are on site for each unit, with plenty of visitor parking on adjacent streets. The complex features adjoining office and warehouse units arranged around a shared central hardstand yard that has plenty of space for container set-downs and truck movements.
"This arrangement is based on an Australian model, which has proved popular with users because of its efficiency," says Herlihy. "The high stud, clear span warehouse achieves a very economical use of space, while the shared yard area gives tenants lower outgoings and rates."
The Gate Industry Park is centrally located in Penrose, with good access to Auckland's motorway network, Auckland Airport and the Metro Inland Port, says Herlihy. "The Gate has the benefit of being roughly midway between Auckland CBD and Auckland Airport, both of which are around 12km from the industrial park. Land values reflect the desirability of the central industrial area, with values at $350 to $400 per square metre at the moment."
Herlihy says the Goodman development is known as one of Auckland's top industrial parks. "The benefits of a prime location and proactive, professional management by Goodman are reasons why many high-profile New Zealand businesses have chosen to operate from here," he says. Businesses within the industrial park include Crane Distribution, Winstone Wallboards, Recall, Design Print, Tapper Transport, SCA Hygiene, Yates and Shears & Mac.
The Gate is a master-planned site, which was built in stages between 2002 and 2007, covering 15ha of prime industrial land. It is on Business 5 zoned land, allowing for a wide range of commercial and industrial activities.By Colin Taylor Email Colin