Built in the 1980s and 1990s, the three well-maintained buildings are on a single title that could easily be split into three tenancies in the future.
"Tenant ACM is a privately owned importer and distributor of predominantly bathroom fixtures, while MSugar manufactures liquid sugar and supplies unrefined raw and refined sugars nationwide. Located in the established and popular East Tamaki industrial precinct, the property is superbly positioned only minutes to State Highway 1 and surrounded by blue-chip businesses."
Higgins says all three buildings comprise two levels of offices and amenities at the front of the site with warehouses at the rear.
• ACM occupies a total of 2018sq m across two buildings at 45 and 47 Stonedon Dr, both of which were built in 1996. The company is signed to five-year lease earning $240,835 plus GST in net annual rent. A five-year right of renewal extends the final expiry to 28 February 2027. Market rent reviews are every two years from March 2022.
• MSugar occupies the 2,135sq m property next door at 43 Stonedon Drive, which was built in 1988. The company is on a six-year lease earning $221,165 plus GST in net annual rent.Two rights of renewal of five years each extend the final expiry to 30 April 2033. Market rent reviews area every two years.
The warehouse at 43 Stonedon Dr has clear span space of 1585sq m with a 5.2m stud height.
Access is via four roller doors - one to the frontage and three covered by a 194sq m canopy that leads to a side yard.
The property has 355sq m of office and amenity space.
The warehouses at 45 and 47 Stonedon Dr are also of clear span construction with 5.75m stud heights.
Both are accessed via roller doors — one each to the front, plus one each to a shared rear yard.
A right of way gives access to additional yard space.
The larger property at 45 Stonedon Dr has 901sq m of warehouse space plus 217sq m of office and amenity space.
The smaller property at 47 Stonedon Dr has 739sq m of warehouse plus 161sq m of office.
The overall site offers excellent street exposure, with some 90m of total road frontage.
Positioned on the southern side of Stonedon Drive, the property has excellent access to the Southern Motorway via both the East Tamaki and Manukau interchanges.
Goldfinch says easy access to nearby industrial areas such as Wiri, Auckland Airport and Mount Wellington make the location desirable.
"The East Tamaki area is popular with companies small and large due to its excellent connectivity and established amenities.
"Significant businesses in the surrounding area include Fisher & Paykel Appliances, Steel & Tube and DHL, among others."
The site is zoned Light Industry, which allows for activities including manufacturing, production, logistics, storage, transport and distribution activities.
