SOLE AGENCY
Colliers is pleased to present 98 Hunua Road, Papakura, a modern, large‑scale heavy industrial investment positioned on a substantial 1.95ha freehold site within Auckland’s fast‑growing southern industrial corridor.
Completed circa 2022, the property comprises an industrial facility totalling 11,817m² of net lettable area, including a high‑stud warehouse, extensive concrete‑sealed yard, and a separate two‑level modern office building. The facility is designed for intensive industrial operations, featuring significant lifting capability with six 20‑tonne and four 12.5‑tonne gantry cranes, all purpose‑designed and owned by the landlord.
The property is fully leased to a well‑established national occupier on a new 12‑year triple‑net lease from settlement, returning $3,039,010 net p.a. + GST. The lease provides fixed 3% annual rental growth, market reviews at year six and on renewals, and a total lease profile of up to 24 years, delivering strong and secure long‑term income.
Strategically located within the Auckland–Hamilton–Tauranga “Golden Triangle”, the property stands to benefit from significant surrounding infrastructure investment, population growth, and industrial demand driven by the continued expansion of Papakura and the wider Drury growth precinct.
Features:
- 11,817m² net lettable area
- Standalone freehold site of 19,500m²
- High‑stud warehouse with extensive yard areas and modern office accommodation
- New 12‑year triple‑net lease from settlement
- Net income $3,039,010 p.a. + GST
- Heavy Industrial zoning
More information: https://www.colliers.co.nz/p-NZL67039719
