"Tenants include Peter Baker Transport, Envirowaste Services and Calendar Club plus several others," he says. "The building has a heavy rated concrete floor, reinforced concrete walls, steel portal frame with steel web trusses, long-run metal cladding and aluminium roofing."
"Due to its previous history, the building has full-length gantry cranes and rails and a significant power supply. It is also located in a Business Zone 6 area allowing for heavy industrial activity.
"With good yard areas, drive-around truck access and relatively low site coverage, this property offers a future-proofed solution for an occupier, investor or developer."
Brewer says the property was built in the early 1960s and was formerly used as a sheet mill and remelt plant by Capral Aluminium.
Since then it has been upgraded and improved and segmented into the various tenancies.
"This is the type of property that will appeal to companies looking for heavy industrial space without the frills of modern design build facilities," Brewer says. Demand for large industrial properties has heated up across the Auckland region in the past 18 months, with investors and owner occupiers eager to secure a position in the market, he says.
"As a result several large properties are now coming to market to take advantage of this momentum.
"Wiri has recently become one of Auckland's fastest-growing com-mercial zones and home to some of Auckland's largest manufacturing and distribution complexes.
"It currently offers significant cost benefits over more traditional industrial areas in South Auckland, where land prices are at a premium."
Brewer says the area is increasing in appeal to occupiers that require premises that permit heavier industry uses thanks to its Business Zone 6 planning class.
"Over time it is expected that the Auckland Unitary Plan will push heavy industrial occupiers into concentrated pockets of Business Zone 6 areas, ensuring continued long-term demand for this planning class."
The recent State Highway 20 motorway extensions have opened up the Wiri area to excellent transport links and improved operational aspects for occupiers which will be further improved on the completion of the Waterview section.
"This has subsequently translated into capital growth for investors."
Brewer says the site's versatility is appealing in regards to its future opportunity for potential investors, developers or occupiers.
"With greenfield sites in the Wiri area becoming increasingly difficult to secure and with the rise of brownfield development in the market, purchasers will be able to consider the possibility of various schemes on this large land holding."
Brewer says the improved transport links and ease of access to the Wiri Inland Port has dramatically enhanced the area's ability to provide logistics and manufacturing companies with ready access and inward and outward product movement in all directions.
"Wiri's potential as a valuable industrial location is now firmly recognised with some of New Zealand's biggest brands having already discovered the benefits of basing their operations in this area," says Brewer.
"Such brands include K-Mart, Bridgestone, Progressive Enterprises and Foodstuffs. With most tenants at 21 Hobill Ave on short-lease terms, a purchaser has the options of renegotiating and extending the leases; gaining vacant possession over a large proportion of the complex to add value; or simply redeveloping the site."
