Roscommon industrial gem 'best in a long time'

5:00 AM Saturday May 7, 2016 Paul Charman

Brokers are calling a corner industrial site in Wiri, one of the best land offerings to come to market in Auckland for years.

The 10,052 sq m site on the corner of Roscommon Rd and Vogler Drive in Wiri is for sale by deadline private treaty closing 4pm, Wednesday, May 18, unless sold before that date by negotiation.

“This has to be one of, if not the best-located parcels of industrial land offered for sale in the Auckland market in a long time,” says Greg Goldfinch of Colliers International who, with colleague Todd Kuzmich, is marketing the property. “Its key feature is its outstanding position on a corner site with a controlled intersection, profile from all angles and direct access to State Highway 20 and State Highway 1 via the interchange — which is only seconds away.”

Goldfinch anticipates strong interest from developers, owner occupiers and investors in the site, which once was part of the former Winstones quarry.

“There is a rapidly-diminishing amount of business zoned land for sale in the Auckland property market, so this really is a very rare opportunity in an unbeatable location with great frontage to the extremely busy Roscommon Rd.”

Another important plus was the site’s zoning — Business 6 — which provides for heavier industrial uses, Goldfinch says. “Demand for Business 6-zoned land is already high and tipped to increase further as changes under the Proposed Auckland Unitary Plan push heavy industrial occupiers into concentrated pockets.”

The regular-shaped site has an even contour and includes onsite stormwater services, and water, electricity and sewage services to the boundary, Goldfinch says.

“Purchasers could look at developing a custom premises for their own business or, given the record low vacancy rates, consider spec building an industrial facility — perhaps a small multi warehouse unit development.”

Colliers’ latest research shows the unrelenting squeeze on industrial space in the Auckland market remains, Goldfinch says.

“The latest vacancy rates — 3 per cent in Manukau and Wiri in particular — show market conditions have never been as tight in the last two decades.”

Kuzmich says Wiri has become the focus of modern development over recent times, becoming home to a number of major manufacturing and distribution companies.