Industrial Double Act in Māngere Hotspot

A versatile split‑risk industrial asset in one of Auckland’s most sought‑after logistics precincts is heading to auction, giving private buyers the opportunity to secure a functional dual‑tenancy property supported by strong fundamentals and clear rental upside.

Located at 10 Rennie Drive in Māngere’s Airport Oaks precinct, the property has a total floor area of circa-997sqm and sits on a 1,656sqm freehold site with Business Light Industry zoning and excellent transport connectivity.

The property is configured into two separate industrial tenancies, providing diversified net income of more than $200,000 plus GST per annum, and having broad appeal to both investors and future occupiers.

Chillex Group Limited, a well‑established operator specialising in heating, ventilation and air-conditioning services, occupies the larger tenancy, generating annual income of $138,730 plus GST. The second tenancy, comprising approximately 246sqm of warehouse and 171sqm of office, is occupied by Turin Panel and Paint Limited, returning $68,000 plus GST and offering clear rental uplift potential through future refurbishment or reconfiguration. Both leases have rights of renewal.

The building offers practical improvements suited to a wide range of industrial users, including clear‑span warehousing, office accommodation over two levels, container storage capability and a total of twenty on‑site car parks.

The split‑risk nature of the income, combined with the site’s scale and zoning, positions the property as a resilient long‑term holding in a market where vacancy remains low, rental growth has been sustained, and infrastructure investment continues to support occupier demand.

The property will be auctioned on Wednesday 29 July 2026, unless sold prior, through Ash Martinus, Greg Hall and James Valintine of Bayleys South Auckland.

Demand for industrial stock of this scale remains active, with high enquiry levels from investors and occupiers continuing to compete for limited options in the Airport Corridor, says Martinus.

“The leasing market is very tight for properties of this size, and occupiers are moving quickly when functional buildings with good access become available, so that’s encouraging for investors.

“The Airport Oaks precinct is one of the most desirable industrial locations in Auckland and continues to outperform many other hubs due to its connectivity and concentration of major freight and logistics operators.

“Ongoing roading upgrades have strengthened its connection to other core industrial precincts such as Wiri, Penrose, Onehunga and Mt Wellington. Industrial occupiers value the ability to service both airport‑related operations and wider Auckland distribution networks from a single location.”

The site connects directly into the award‑winning The Landing precinct at Auckland Airport, positioning it within a high‑growth industrial hub driven by strong demand from logistics, freight and service operators. Surrounding development is predominantly medium to large‑format industrial, underscoring the precinct’s role in supporting airport activity and businesses reliant on rapid motorway access.

Minutes from State Highway 20 and close to Auckland Airport, with immediate links to key arterial routes, and major residential catchments, the property sits at the centre of one of New Zealand’s most strategically important logistics corridors and a substantial surrounding workforce.