Premier North Shore industrial property available
Prominently positioned on a high-profile corner site in Rosedale, a premier property with a bluechip tenant is sure to catch the eye of buyers.
2C William Pickering Drive offers 3895sq m of office, showroom and high-stud warehouse space on a 5580sq m freehold site zoned Business–Light Industry under the Auckland Unitary Plan.
The property is home to Fujifilm NZ which has a six-year lease that expires in August 2027. The net annual rental income is $806,727 plus GST while there are market rent reviews scheduled for August
2024 and 2026.
As well as an A-grade seismic rating, the property also has 60 onsite carparks.
The warehouse has two canopy-covered roller doors allowing for good truck access. The site also boasts dual access from Bush Rd and William Pickering Drive.
Sitting in the sought-after North Harbour Industrial Estate, this property represents a compelling purchasing opportunity that will generate strong interest.
Colliers directors Matt Prentice and Jimmy O’Brien are marketing the property for sale via deadline private treaty closing at 4pm Tuesday, March 14 unless sold prior.
The multi-level building includes 835sq m of ground-floor office space and further office space on the first floor with 446sq m occupied by Fujifilm. The rear portion of the first-floor office space is configured as a separate tenancy and is sub-leased to international tenant Heidelberg which occupies 317sq m.
The warehouse offers 1708sq m of floor area, while there’s a 371sq m warehouse extension, 72sq m of mezzanine storage and 125sq m of canopy.
Prentice says this property is a top-tier asset that comes with a strong tenant covenant.
“The occupants are committed to a long-term lease with favourable terms that will be appealing for prospective purchasers who will recognise the rental growth on offer from the property.
“Fujifilm are an internationally renowned business with a strong reputation in the marketplace.”
O’Brien says the property enjoys a pictureperfect location on a highly visible corner site in one of the North Shore’s most tightly held industrial areas.
“The North Harbour industrial precinct has a vacancy rate for prime properties of only 0.4 per cent and the prevalence of high-quality buildings makes it a sought-after location. William Pickering Drive offers excellent access to the nearby motorway network and Auckland’s CBD can be reached in approximately 15 minutes, while Takapuna is only 10 minutes away.”