NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / Property

Rare and huge Otahuhu landholding

NZ Herald
22 Jun, 2018 05:00 PM5 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

This huge 13.28ha Savill Industrial Estate is for sale on Savill Drive and Alderman Place, Otahuhu. Photo / Supplied

This huge 13.28ha Savill Industrial Estate is for sale on Savill Drive and Alderman Place, Otahuhu. Photo / Supplied

The huge 13.28ha Savills Industrial Estate is for sale in Auckland's suburb of Otahuhu, representing a rare opportunity to acquire a significant landholding in one of the city's major industrial hubs.

"It's very unusual for a freehold industrial landholding of this scale to become available for purchase in the Auckland market," says Greg Goldfinch, industrial national director for Colliers International who, with colleagues Paul Jarvie and Simon Felton, is marketing it for sale by deadline private treaty closing at 4pm on Thursday August 2, unless it sells earlier.

"The property comprises 10 individual titles on Savill Drive and Alderman Place," says Goldfinch.

The Savill Industrial Estate is located at the southern end of Otahuhu, merging into Mangere, and encompasses the addresses 7, 12, 18 and 21 Savill Drive; along with 1, 5, 6, 9, 13 and 17 Alderman Place.

Goldfinch says there is scope for the titles to be bought either individually or together as a single investment.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

"The estate currently earns $1.75 million in net annual rent plus GST, with a mix of short and long lease terms," he says.

"Tenants include container depot operator Metrobox, vehicle wreckers Pick-A-Part and timber exporter Guru NZ.

"Located between Auckland's key industrial precincts, this strategic landholding offers superb access to key infrastructure, including its own rail siding on the North Island's main trunk railway line.

Advertisement
Advertise with NZME.

"With locked-in rental growth and significant long-term development potential, this exceptional investment opportunity will appeal to any long-term investor looking to 'bottom drawer' a large industrial site with income".

The industrial estate is located at the southern end of Otahuhu, merging into Mangere. Photo / Supplied
The industrial estate is located at the southern end of Otahuhu, merging into Mangere. Photo / Supplied

Jarvie says the sites within the estate are under-utilised and have excellent development potential.

"Considering the substantial size of the landholding, these properties represent the chance to completely reshape and reposition a significant portion of the Otahuhu industrial precinct.

"Long-term redevelopment of the properties would be aided by the predominantly flat sites, with minimal existing improvements."

Jarvie says the Savill Industrial Estate is centrally located between Auckland's major industrial and logistics hubs of East Tamaki, Wiri, Mount Wellington and Onehunga.

"It is about 18km southeast of Auckland CBD, 8km northeast of Auckland International Airport, and 7.5km from the Wiri Inland Port," Jarvie says.

"The estate has superb accessibility to the wider Auckland region and beyond, with the Southern and Southwestern motorway interchanges located nearby.

"An active rail siding at 21 Savill Drive allows the property to directly service the main trunk railway line – one of the key infrastructure assets connecting the North Island's industrial hubs."

Felton says the wider Otahuhu area is characterised by a number of large industrial landholdings, including the well-regarded Savill Link Industrial Estate, just north of the properties for sale.

"Major tenants in this recently developed estate include Toll Logistics, Steel & Tube, Holden, Coda, Furniture City, Supercheap Auto and Mainstream Logistics.

Advertisement
Advertise with NZME.

"The area also has a large residential population, which provides a solid labour force of both blue and white-collar workers."

The sites for sale are predominately zoned Business Light Industry, which allows for a wide range of industrial uses including manufacturing, production, logistics, storage and distribution.

Felton says a variety of lease lengths allows for staged development or occupation of the sites.

"The lease covering 1ha of 12 Savill Drive expires on January 1 next year, giving the buyers an option to occupy in this tightly held area.

"The remaining properties are rented at substantially below market rates, which will appeal to strategic land-bankers, add-value investors or developers with a long-term view."

Tenant Metrobox occupies 10.7ha of the estate at 12, 18 and 21 Savill Drive, and 6 Alderman Place. Its lease includes the rail siding at 21 Savill Drive.

Advertisement
Advertise with NZME.

Metrobox is a major container depot facility that was formed as a joint venture between The Specialised Group and MetroPort – an inland port operated by the Port of Tauranga using the KiwiRail network.

The company is signed to 10-year leases with two six-year rights of renewal. The Metrobox leases earn $1,212,000 in net annual rent, with annual Consumer Price Index reviews and capped market reviews every five years.

National brand tenant Pick-A-Part – one of New Zealand's largest car wreckers, with six locations throughout the country – occupies 1.58ha of the estate at 1, 5, 9, 13 and 17 Alderman Place, and 7 Savill Drive.

Pick-A-Part pays $327,599 in net annual rent, with market rent reviews due in 2020 and 2022. The company is on its last right of renewal, with final lease expiry on March 31, 2023.

Guru NZ, an exporter of pine timber, occupies the part lease of 12 Savill Drive. It pays $210,000 in net annual rent, with the lease expiry imminent at the end of the year.

Goldfinch says the Savill Industrial Estate offers developers, investors and occupiers the chance to reposition a large Otahuhu industrial landholding.

Advertisement
Advertise with NZME.

"It's arguably one of the last substantial, centrally-located industrial estates in Auckland," he says.

Greg Goldfinch, Paul Jarvie, Simon Felton of Colliers International
Greg Goldfinch, Paul Jarvie, Simon Felton of Colliers International
Save

    Share this article

Latest from Property

Property

'Bittersweet': Kiwi rich-lister sells neighbouring mansions for over $28m

Property

Buyers scratching their heads over sale of multi-million-dollar home

Premium
Property

Liquidator helps secure visas for 60 workers from failed NZ firm


Sponsored

Tired of missing out on getting to global summits to help grow your business?

Advertisement
Advertise with NZME.

Latest from Property

'Bittersweet': Kiwi rich-lister sells neighbouring mansions for over $28m
Property

'Bittersweet': Kiwi rich-lister sells neighbouring mansions for over $28m

Trophy homes on Takapuna beach snapped up five months apart.

16 Jul 08:10 AM
Buyers scratching their heads over sale of multi-million-dollar home
Property

Buyers scratching their heads over sale of multi-million-dollar home

16 Jul 08:00 AM
Premium
Premium
Liquidator helps secure visas for 60 workers from failed NZ firm
Property

Liquidator helps secure visas for 60 workers from failed NZ firm

16 Jul 06:00 AM


Tired of missing out on getting to global summits to help grow your business?
Sponsored

Tired of missing out on getting to global summits to help grow your business?

14 Jul 04:48 AM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP