Auckland Coachbuilders is closing down and selling its warehouse facility in Mangere with a large amount of infrastructure, creating an opportunity for the next owner to take up business operations in a well-presented and conveniently located facility.
The property at 63 Tidal Rd includes a gantry crane, three-phase power supply and compressed air lines and is being marketed by Paul Jarvie and Dwayne Warby of Colliers International.
Featured in Colliers' latest New Zealand Portfolio it will be sold by auction at 11am on Tuesday May 20 at the agency's offices on level 27 of the SAP Tower at 151 Queen St.
"This is a well-constructed building with a good profile to the southwestern State Highway 20 motorway," Warby says. "It's a classic, freehold industrial warehouse with all the fundamentals to suit a wide range of owner-occupiers or investors.
"It's an unusual opportunity in that the vendor is selling off a large amount of infrastructure with the property, and for the right business it adds a lot of value to the transaction."
The property has accommodated a team of 30 staff including coachbuilders, engineers, panelbeaters, spray painters, fitters, joiners, welders and fibreglass repairers. Accident and electrical repair work and upholstery were also conducted on site.
The building is on a 6489sq m site zoned light industrial Business 5 allowing for a mix of commercial uses, concentrated on light industry but also accommodating discretionary activities such as office or retail space.
The rectangular building comprising a 2222sq m warehouse with 478sq m of office space has a good stud height and a large, open, interior. The gantry crane runs lengthways while 13 roller doors are positioned along the face of the building providing multiple access points.
"The property has great street appeal with a huge yard space for parking, manoeuvring and loading," Warby says.
"The electric security fencing connects to an alarm system and it has dual security gates which is perfect for a purchaser needing to start up operations in a secure setting.
"The building has been kept up to a very good standard and the offices are well-presented with modern reception and a variety of offices, plus a boardroom. Additional areas on the first floor could be used for storage or staffrooms or converted to additional office space. It's ready for its new owner, yet options are available for reconfiguring the space."
The property is situated between Auckland Airport and the popular Wiri industrial area, less than a kilometre away from State Highway 20 on and off-ramps.
"The location is a definite advantage. Just off the motorway, it's only about seven minutes' drive to the airport.
"Besides the advantage of its convenient location to the airport and Wiri, the Mangere area is also seeing rapid improvements to the transport connections," Jarvie says.
"The property sits alongside the southwestern motorway which is being upgraded and improved with connections to State Highway 16 in the west. Construction is expected to be completed by 2017. These improvements will complete the city's Western Ring Route, which will have huge economic benefits for the area.
"Mangere is an up and coming location for industrial business, offering good value for money and soon-to-be realised benefits from the improved transport links. Anyone who has missed out on an industrial property in Onehunga or Penrose and has not considered Mangere would be wise to take a look," Jarvie says.
He says demand has been very strong for good quality warehouse buildings because of a shortage of supply and strengthening interest from expanding businesses as well as investors.
"In the last six months the market for industrial buildings in good locations has become much more active. The main reason is that businesses are expanding and looking for more space, while those that have been leasing space have decided now's the time to invest in their own facility."