SOLE AGENCY
For Sale by Deadline, closing 4pm, Thursday, 28 May 2026 (unless sold prior).
The property comprises a multi-tenanted industrial complex underpinned by a Heavy Industrial zoning, offering flexibility for a wide range of intensive industrial uses.
The improvements combine original 1970s buildings with more recently developed high-stud facilities, providing a functional mix of medium to high-stud warehousing and office accommodation.
The asset is fully leased to a diversified tenant profile, including Total Coatings Limited, GFL Benchtops Limited, and Elite Kitchens and Cabinets Limited, delivering the benefits of a split-risk income stream. The property provides a weighted average lease term (WALT) of 6.5 years, offering income security with built-in tenure.
Warehouse stud heights range from medium stud through to approximately 8.9–10.0 metres, with multiple roller door access points and good natural light.
Office accommodation varies from basic and functional through to modern, fully fitted two-level spaces within the newer improvements.
The property has benefited from recent capital investment, including replacement of external cladding and roofing to part of the improvements along with a showroom & warehouse extension to GFL Benchtops tenancy.
Overall, the asset represents a well-located industrial investment with secure cashflow, favourable zoning, and a diversified tenancy profile, providing both income resilience and future add-value potential.
Features:
- Net Lettable Area 5,571.60m²
- Site Area 9,091m²
- Rental Returning $896,840 net p.a. + GST
- 4 Separate tenants across 6 self-contained tenancies
- Drive through & dual access via Hunua Road and Crosley Road
- Mix of modern and well maintained improvements
- Zoning Heavy Industrial
More information: https://www.colliers.co.nz/p-NZL67039767
