A prime 2ha site in East Tamaki, South Auckland, was the former headquarters and manufacturing plant of chemical product supplier Nalco, has been placed on the market for sale.
It offers industrial occupiers the chance to secure a large property in an area where available land is in short supply.
The property at 44 Cryers Rd is zoned Business 6 for heavy industrial use and is also accredited for dangerous goods activities, says Greg Goldfinch of Colliers International who is marketing it for sale with colleague Paul Higgins of Colliers International. It will be sold deadline private treaty closing on November 27, unless it sells before the deadline.
"Following the acquisition of the Nalco business worldwide by Ecolab, the property is no longer required by the company and is offered vacant," Goldfinch says.
"Business 6-zoned land is becoming increasingly difficult to purchase across Auckland, not to mention in East Tamaki, where there is a shortage of land for sale in general," he says.
The property also has low site coverage with 6300sq m of empty land at the rear. A significant portion of expansion land is included on the property, offering flexibility for the future owner to extend the buildings.
"Given the property's size and excellent location in a sought-after industrial area with great transport links, we expect to receive interest from occupiers in a variety of sectors - particularly businesses requiring a site suitable for dangerous goods and/or heavy industrial uses," Goldfinch says.
The regular, flat site includes various dangerous goods manufacturing and storage buildings, a freestanding, single-level office building on the road-front part of the property, four store rooms, two production buildings and covered walkways linking the buildings.
It also features several underground and surface tanks and an effluent treatment plant.
"The buildings are in good condition and provide functional accommodation, including open plan offices, laboratory spaces, warehousing, storage and factory areas," says Goldfinch.
Higgins says East Tamaki has become a popular industrial location following opening of the Highbrook motorway interchange seven years ago, Higgins says.
"The Highbrook State Highway 1 interchange and four-lane Highbrook Drive has made East Tamaki far more accessible and more attractive to industrial occupiers."
This had resulted in lower vacancy rates for industrial premises in the area and a strong demand from owner occupiers and investors
"East Tamaki is now a very tightly-held market for owner occupiers, with the majority of land in the area owned by listed property funds," Higgins says.
He says East Tamaki is also conveniently located for access to and from the surrounding suburbs including Botany, Pakuranga and Otara, which house a stable supply of blue and white collar workers.
Botany Downs Town Centre is only a short drive away, providing further staff amenities such as shopping and cafes.