"Auckland Airport's world-class industrial estate, The Landing, is spearheading new development, with large national and multinational companies among those committing to the area."
Johnston says Te Tiki Rd is a recently developed road that offers great transport links to the airport and wider Auckland region.
"The area is primarily accessed from Ascot Rd, while nearby State Highway 20A puts the international and domestic airport terminals within five minutes' drive.
"Recent upgrades to the motorway network around the airport have made the area even more accessible."
Jarvie says the property comprises an irregular-shaped, level site with good profile to Te Tiki Rd.
"It's ideally situated for development, or land- or yard-based users."
He says the surrounding area comprises a range of medium-to-large-format industrial buildings.
Neighbours include Sistema, Bunnings, MPI, DHL and DSV and many logistics and transport operators.
"Sistema's huge plastics manufacturing facility is right across the road, which shows the strength of tenant covenant in the area."
The property's Light Industry zoning allows for industrial activities that do not generate objectionable odour, dust or noise.
This includes manufacturing, production, logistics, storage, transport and distribution activities.
Colliers' research shows Auckland's overall industrial vacancy rate has remained at low levels over the past 12 months, sitting at 2.3 per cent in February 2018.
The low vacancy rate, combined with growing rent expectations and a lack of stock for sale, has helped to drive prime industrial yields in Auckland to their lowest levels.
