An easily accessible high-profile site is for sale offering motivated investors an excellent opportunity to buy into one of the North Shore's most sought-after, well-established industry precincts.
The property at 15C Paul Matthews Rd, Albany, is part of a four-unit development on the corner with Omega St, and is to be sold by auction on June 1.
The unit for sale is a 327.1sq m, of which 201.3sq m is an L-shaped, modern warehouse space with the remainder divided between ground floor and first floor office space and amenities.
The property is marketed by Dave Lane and Albert Quan of NAI Harcourts North Shore Commercial.
Lane says the site is in a well-developed industrial area close to arterial routes and commercial/retail centres at Wairau Park and Albany.
"This property has so much going for it on its own, in terms of its size and location, and when considering how in-demand this area with both tenants and owner-occupiers, we expect it to attract a lot of interest," he says.
"The area near the site being marketed is already populated by highly regarded big brands such as Crown Relocations, Mighty Ape, Fuji Film Ltd, Hasbro New Zealand and Courier Post.
"Those brands already attract a large amount of traffic and business to the immediate area around the property in Paul Matthews Rd. This is a well-developed precinct filled with well established, successful businesses that will ensure the high demand for space in this area continues," Lane says.
The property is tenanted to Makmar Ltd, a New Zealand-owned and operated packaging equipment and materials supplier, and the business is almost halfway through a two-year lease with right of renewal.
The building is of extremely sturdy construction, with a reinforced concrete slab floor, concrete title slab walls, and lined office interiors. It has a Colorsteel roof, combined with translucent roof panelling over the warehouse space.
The warehouse has a 6.1m to 6.5m stud height, and features a large roller door entrance with internal access between the warehouse, office and amenities space. There are five allocated car parks.
Quan says commercial vacancies in the Rosedale area are at a record low so the property will be a must-view for investors, or owner-occupiers.
"Both the interior and exterior of this space are well-maintained, with low operating costs, which makes it even more attractive," he says.