Colliers is pleased to present 28A-32 Airdrie Road, Ranui, a substantial 3.28ha industrial landholding offering immediate holding income and significant long-term value-add potential.
Comprising two Light Industry-zoned titles of approximately 18,200sqm and 14,800sqm, the property is currently occupied by multiple yard tenants and generates holding income of approximately $677,000 per annum plus GST. The site's flexible zoning, predominantly hardstand yard areas, and favourable lease structures provide investors, owner-occupiers and developers with a compelling opportunity to enhance income, reposition the asset, or undertake future redevelopment.
Adding further scale, there is potential to acquire three adjoining titles with residential improvements, creating a larger strategic landholding and offering future boundary realignment and redevelopment opportunities, subject to council approval.
Positioned within Auckland's established north-west industrial precinct and benefiting from proximity to Ranui Train Station and key transport routes, this offering represents one of the most affordable large-scale industrial land opportunities currently available in the market.
Key Features:
- Significant 3.28ha industrial landholding across two titles
- Business - Light Industry zoning allowing a wide range of industrial uses
- Current holding income of approximately $677,000 p.a. + GST
- Multiple yard tenancies with redevelopment provisions across most leases
- Potential to acquire three adjoining titles for future land aggregation
- Scope to increase income, reposition existing improvements or undertake redevelopment
- Strategic West Auckland location with strong long-term industrial land fundamentals
This is a rare opportunity to secure a scale industrial asset with current cash flow, flexible land use options, and multiple avenues for future value creation.
Features:
- Rare 3.28ha industrial landholding
- Returning circa $677,000 p.a. + GST
- Business – Light Industry zoning
- Multiple income-producing yard tenancies
- Potential to acquire three adjoining titles
More information: https://www.colliers.co.nz/p-NZL67041756
