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Mt Wellington industrial site offers occupiers prized central foothold

A soon-to-be-vacant, near-new industrial property for sale offers a rare chance for new occupiers to set up shop in a prized central Auckland location.

The modern premises on Leonard Road, in the Mount Wellington/Penrose industrial precinct, provide a versatile mix of functional warehouse space and smart offices that will appeal to a wide range of users.

Currently owned and occupied by an industrial engineering firm which has outgrown the site, the property is being offered to buyers with the potential for vacant possession with settlement deferred to October, or with a short-term leaseback until it is vacated.

This flexibility will heighten the site’s appeal for both owner-occupiers and add-value investors seeking to bring in new tenants in an area where industrial space is perennially in demand from businesses seeking a central foothold.

The freehold property at 61 Leonard Road, Mount Wellington, Auckland, is being offered for sale through James Valintine, James Hill and Sunil Bhana of Bayleys South Auckland.

It will be sold by deadline private treaty closing on Thursday 29 June, unless the site is sold earlier.

Valintine said the property consisted of an approximately 1,000-square-metre standalone building on some 1,618 square metres of freehold land.

“Constructed in 2016, the premises encompass an attractive road-front office over two levels with a functional warehouse and good yard areas.

“The attractive office floor plates, high-stud, clear span warehousing and large secure yard will maximise its suitability for a multitude of users,” said Valintine.

Hill said the site’s Business – Light Industry zoning under the Auckland Unitary Plan permitted a wide array of industrial uses such as manufacturing, production, logistics, storage, transport and distribution.

“Industrial space in Mount Wellington and Penrose is forever in demand among businesses with a need to be located centrally. Yet modern, well-located premises are notoriously scarce. This is a rare opportunity for owner-occupiers and investors to buy an ‘as-new’ industrial property in this prized location.

“The attractiveness and convenience of this industrial stronghold is demonstrated by the presence of high-calibre business occupiers such as Fulton Hogan, NZME Print, Sky New Zealand and Countdown’s Mt Wellington e-Store,” said Hill.

Bhana said new occupiers at the Leonard Road site would reap the advantages of a pivotal location midway between Auckland’s CBD and international airport, both within a 15-kilometre radius.

The motorway network is readily accessible via the Ellerslie-Panmure interchange five minutes away.

“Surrounding areas are poised for further growth with Auckland Council having targeted Mount Wellington for residential intensification. Major redevelopment has taken place in recent years, and more is planned. The potential is evidenced by the commitment to the area by some of the biggest names in industrial real estate such as the James Kirkpatrick property investment group, Euroclass and Goodman Property,” Bhana said.

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