"We expect to receive inquiries from owner-occupiers, as well as developers who may look to take advantage of the underlying residential zoning. Alternatively, it's attractive to buyers for partial use of the property, who may elect to lease out any remaining buildings or floor area which is surplus to their needs in order to gain an income stream."
West says that after half a century the owner-occupier is relocating into a purpose-built premises.
"The owner is willing to stay on site for at least 12 months paying a net annual rental of $300,000 plus GST, which would give the buyer holding income while considering the property's possibilities."
The lettable area of the buildings on site is 3812sq m and includes warehouses, workshops, a large cafeteria and offices.
The warehouses and a workshop at the rear of the property offer a mix of low to medium stud heights with precast concrete panel walls, long-run iron and multiple roller doors. The warehouses offer 1735sq m of space and the workshop a further 1553sq m.
There is 200sq m of canopy space around the warehouses and ample parking. The fully fenced section encompasses two sealed parking areas, a large sealed yard, and undeveloped land.
. "The property will appeal immediately to church and community groups given that it's very close to large residential areas and has a lot of parking," Jarvie says.
"One of the buildings could also serve ideally as a child-care facility," he says.
"The layout lends itself to being easily opened up and refurbished whatever purpose the buyers may be thinking of."
West says the vendor is also lodging resource consent for a possible 54-dwelling residential development in view of the site's zoning.
"Mangere Bridge has become a highly desirable location for first-time home owners, which we believe will attract residential developers to this site to construct a townhouse development.
"The commercial centre of Mangere Bridge is just a couple of kilometres away and local amenities include the Aviation golf course and driving range, walking tracks, parks and cycleways.
"The property also has excellent access to Auckland International Airport and to the State Highway 20 southwest motorway with the Waterview connection now under construction set to improve access to the Auckland CBD from Mangere Bridge on completion."
West says the site's mixed suburban housing zone is the most widespread residential zone in Auckland and enables two-storey housing in a variety of forms including detached and semi-detached dwellings, townhouses, terraced housing and low-rise apartments.
"The lifestyle options around Mangere Bridge are some of the most diverse in Auckland," West says. "The suburb has its own harbourside village and significant public reserve landmarks with rural aspects a short walk away."
"This is an increasingly developing commercial and residential area that is only a 20-minute drive to the city."
What's on offer?
The property: 1.69ha multi-purpose commercial property.
Location: 8 Kirkbride Rd, Mangere Bridge.
Agency: Colliers International.
Sales method: Deadline private treaty closing on October 23.
Features:
For sale for first time in 50 years.
Sale and lease-back offer.
Could have multiple uses.
