Two ideal entry level industrial buildings

5:00 AM Saturday November 28, 2015 Colin Taylor

The industrial property for sale at 30 Rosebank Rd, Avondale.

Two smaller industrial properties in Avondale and Penrose are for sale that are ideal for entry level buyers seeking to enter the commercial property investment market.

“Good industrial property is hard to find, especially in the inner western fringe,” says Chris Peterson of Barfoot & Thompson Commercial who, with colleague Reese Barragar is selling 30 Rosebank Rd by auction at 10.30 am on Wednesday, December 9, at the agency’s Shortland St auction room unless it sells earlier by negotiation.

Peterson says the Avondale property is “a superbly located standalone freehold 1960s’ warehouse” of 154.4 sq m occupying a well-established freehold 259 sq m main road site less than 10 kms to the Auckland CBD.

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Aerial view of 30 Rosebank Rd, Avondale. 

“This freehold warehouse is occupied by a tyre shop on a short term lease with vacant possession being granted on settlement,” he says. “It comes with four on-site car parks and will appeal to industrial owner occupiers and investors,” he says. “The property benefits from a high traffic count and would particularly suit an automotive service business although it is open to other industrial uses.”

Barragar says the property is currently zoned Business 4 with a 15 metre height limit. “However under the Proposed Auckland Unitary Plan [PAUP] the zoning will change to Light Industry and the height limit will rise to 20 metres..”

The property is located on the southern side of Rosebank Road just to the east of the Avondale strip retail shopping precinct.

“This location will benefit from big infrastructure projects currently underway specifically the new Waterview Connection motorway interchange, which will dramatically improve access and accessibility to Auckland Airport and Central City,” Barragar says.

“The owner has recently subdivided the site to create three separate freehold titles and certificates of titles are pending.”

Barragar says overall construction of the building is of concrete foundations and walls, with steel framing, wood joinery and Longrun steel roofing. A recent seismic report assesses the building at 60 per cent New Building Standard (NBS) well above the minimum standard for earthquake risk of 34 per cent.

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Interior of workshop at 340 Church St, Penrose.

Also used for automotive purposes is a freehold corner property with multiple incomes streams at 340 Church St in Penrose that has been under its current ownership for 20 years.

“This industrial property has an excellent location on a main arterial route,” says Nick Wilson of Barfoot & Thompson Commercial who, with colleague James Marshall, is marketing it for sale by tender with a 4 pm Wednesday, December 9 deadline.

The property comprises two separate buildings of about 390 sq m both leased to Protect Parts on a 811 sq m site on a monthly tenancy providing a passing net income of $46,706.85 per annum. In addition APN Outdoor leases an onsite billboard providing a passing net income of $13,866.68 to give the property total net annual income of $60,573.53.

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Aerial view of 340 Church St, Penrose, depicting its strategic corner location.

Wilson says the property, with the ability to be converted or redeveloped, has future upside and is likely to interest investors, owner occupiers and developers.

“The site has a low stud workshop at the front and a factory warehouse with small yard at the rear,” he says. “The large billboard sits at the front of the property facing in both directions of Church Street..”

Marshall says the property is zoned Business 5 under the Operative Auckland Council District Plan and Light Industry under the PAUP.

“The Church St workshop building has a small yard with drive through access onto Beasley Avenue and was constructed in the 1980s while the rear Beasley Avenue workshop was built in the 1950s and has car parking.”

Both buildings have roller door access and a generally constructed of concrete foundations and concrete block walls with Long Run iron roofing and aluminium joinery.

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(From left to right) Reese Barrager, Nick Watson, and James Marshall of Barfoot & Thompson Commercial.