Otahuhu industrial ripe for quick move

Highly visible showroom, warehouse and office property ideal for trade retailers looking for a high-profile site

colliers.co.nz/22527

A big and recently renovated property at 30 Saleyards Rd, Otahuhu, presents a buying opportunity for owner occupiers or add value investors.

"The property is offered vacant and has huge 80m street frontage to Saleyards Rd with excellent exposure to passing traffic," says Andrew Hooper of Colliers International who, with colleagues Jolyon Thomson and Matt Prentice, is marketing it for sale by auction at 11am on December 12 at 151 Queen St, Auckland, unless it sells beforehand.

Hooper says the highly visible showroom, warehouse and office property has a floor area of 3007sq m and would suit a variety of businesses such as trade retailers looking for a high-profile property.

"It is ideal for businesses looking to move to functional, immediately available showroom or warehouse space," he says.

The property comprises a 756sq m showroom with 1018sq m of office space over two levels along with high and low-stud warehouse areas totalling 1233sq m in floor area. It occupies a 4007sq m Business 5-zoned site less than 2.5km from the State Highway 1 motorway interchange at Otahuhu and is 3.5km from Sylvia Park shopping centre.

The property has full drive-around capability with multiple roller doors allowing access through the building. A rear yard area provides plenty of room for container parking.

"The site offers great access to the Southern Motorway and also to Great South Rd and the Southwestern Motorway, linking the property to key destinations around Auckland and further afield," Hooper says.

"The property's location on a busy road, with excellent road profile, and its well-maintained quality condition should draw significant interest in the auction room from businesses looking to move.

"This street front property presents an excellent opportunity for a purchasing business wanting to have its brand seen.

"It is within easy reach of Auckland's central business district and the motorway network, so it offers a winning formula for an owner occupier."

Thomson says owner occupiers should also be attracted to its large, recently renovated showroom and office space and its regular-shaped warehouse, making it ideal for a buyer looking for functional accommodation with efficient storage.

He says the property is also a candidate for redevelopment.

"It has multiple options with an obvious one being conversion into a multi-unit retail or light industrial development that could take advantage of its location on a busy arterial route in a well-established industrial and retail area."

Thomson says Otahuhu's central location, excellent motorway access and its status as one of the most cost-effective locations in Auckland have seen the area grow in popularity.

"The area already services a large residential catchment, which is set to grow further with the development of various infill housing developments on former commercial land, including Redwood Group's Springpark project."

Restaurant Brands is set to open a Carl's Jr outlet in the area, adding to a broad retail and convenience food presence that includes McDonald's, KFC and Super Liquor.