Industrial diamonds in New Lynn

The industrial property on New Lynn's Portage Road. Photo / Supplied

A vacant industrial property in New Lynn, West Auckland, and another in Otahuhu, South Auckland, will go under the hammer later this month in Bayleys' latest Total Property portfolio.

The property at 73, 75 and 77 Portage Rd, New Lynn, comprises three adjoining premises, on separate titles, which are offered for sale as one lot by auction on March 28, through John O'Brien of Bayleys Auckland, unless sold prior to that date.

Built in the 1960s of concrete and concrete block and totalling 1260sq m, the buildings have been occupied by NZ Forging Limited for 30 years.

"The company's departure provides a classic upgrading opportunity for a developer or owner occupier to refurbish the three buildings and, with them being on three separate titles, sell off or lease any that are not required," says O'Brien.

The buildings at 75 and 77 Portage Rd are 290sq m each, offering warehouse or workshop space, and stand on 298sq m and 294sq m sites respectively.

There is a larger 740sq m building on 597sq m of land at 73 Portage Rd, which has seven car parks at the road frontage beneath second level office space.

The boundary walls have been opened to allow access between the three buildings but O'Brien says these could be easily reinstated to provide three separate tenancies. Each building has its own kitchen and toilet and its own power meter board.

Portage Rd is a busy arterial route between New Lynn and Blockhouse Bay and Green Bay, linking to Titirangi.

O'Brien says it is benefiting from the general upgrading of the New Lynn business area.

"A number of neighbouring buildings have been refurbished and there is a great opportunity here for the new owner of these premises to do likewise and add some real value to this property."

The other property up for auction on March 21 is a 598sq m building at 17A Huia Rd, Otahuhu. Built in the 1980s, it is marketed by Gary Selby and Zhanna Sendrove of Bayleys Manukau.

Sendrove says the current owner occupier is retiring after 30 years in garment manufacturing. It is the front unit of five relatively similar units and has eleven car parks. Previously, it was a panelbeater's premises.

Sendrove says the 303sq m upper level offers light and airy space and has been well looked after and maintained over the years. It has roller door goods access via a concrete ramp on the building's eastern side. This floor also houses a reception area, offices, lunch room and amenities.

The warehouse space of 294sq m downstairs also has its own roller door access and an internal staircase in the rear north-western corner.

Selby says the area in which the Otahuhu property is located has been developed over the past 40 years as a commercial and industrial precinct with properties ranging in size from 100sq m upwards. He says most of the units are of a medium to large size with owner operators in place and are home to a mix of automotive, manufacturing, distribution and trade businesses.

Huia Rd is a busy road connecting Great South Rd and Station Rd and is very centrally located, he says.

"It's around 15 minutes' driving time to the Auckland CBD, Auckland International Airport and the central rail freight depot in Penrose. It is also a short distance from the new Southern Motorway interchange at Otahuhu, which is substantially enhancing accessibility to this industrial area and giving easier access to the eastern suburbs of Auckland.

"There is also an excellent labour pool within the residential area of Otahuhu."