Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Three-in-one commercial & industrial building on the market

Three-in-one commercial and industrial building goes on the market for sale or lease

A high-profile corner site retail showroom, office, and light manufacturing complex in South Auckland has been placed on the market for sale or lease.

The two storey property at 495 Great South Road in Penrose sits on 1070 square metres of land and features a 406 square metre showroom on the ground floor, with 188 square metres of office space above, and 60 square metres of basement storage and light industry capacity underneath. The location has car parking for 15 vehicles.

Built in the 1980s, the property is only a few hundred metres from State Highway One via the Ellerslie/Penrose interchange, with Great South Road one of the busiest arterial routes in New Zealand linking Newmarket with the southern industrial centres of Onehunga, Penrose and Manukau.

The property is being marketed for sale through Mike Adams and James Hill of Bayleys Auckland, in a tender process closing on July 17. The property features in the latest edition of Bayleys’ Total Property portfolio and is being sold with a vacant possession, with the vendor’s preferred settlement date being November 1.

Mr Adams said the premises would suit either an owner/operator looking for the triple needs of a showroom, light industrial facility, and office space, or could be bought an investor looking for the reassurance of being located in a low-vacancy industrial precinct. The property has a built-in safe on the ground floor as a remnant of its previous incarnation as a bank.

“Banks are known for undertaking considerable geographic due diligence and location research before opening suburban branches. That process was obviously completed at 495 Great South Road in the 1980s before the rationalisation of banking groups’ networks in the 2000s,” he said.

“Appreciating that research, it’s easy to understand why the corner location on Great South Road was identified, and then supported with ample easy-access parking off Greenpark Road. The building’s construction methods are also indicative of the high standards sought by banks as tenants.”

Mr Adams said the dual-use nature of the property easily lent itself to becoming the head office for a company with brands or products requiring a public-facing showroom facility, supported by the commercial requirements of housing administrative staff on site. This flexibility was also further enhanced with the building’s owner considering both outright sale or leasing proposals.

“The basement level also provides the benefit of a small production plant away from public sight and hearing, yet within the same building should public or trade customers require product repairs or specialised orders direct from the manufacturer,” Mr Adams said.

Mr Adams said potential tenants of the building could include the likes of kitchenware, bathroomware, high-end home electronics, or furniture manufacturers/retailers; interior design and decor retailers; or suppliers of industrial products or services. Staff toilets – including a shower – were located at the rear of the building, with air conditioning throughout all levels of the premises.

The building is zoned Business 4 and is currently tenanted by architectural industry lighting consultancy and lighting technology retailer Targetti New Zealand Ltd. The building has a 105 percent National Building Standards rating – equating to an A+ Initial Evaluation Procedure ranking.

“Being on the fringe of New Zealand’s primary industrial zones – stretching across the Auckland Isthmus from the Manukau Harbour, through Mt Wellington, and over to East Tamaki, and with the substantial floor space for housing administrative personnel – the premises could be an excellent location for operations such as health and safety equipment suppliers to the industrial sector, workplace security equipment wholesalers, or a light machinery agency which needs space to showcase its wares,” Mr Adams said.

“While the showroom footprint is substantial in its current format, there is the potential to decrease its size to allow for increasing the adjacent office space or for expanding the basement manufacturing plant.”

Sales colleague James Hill said the ground floor showroom space had a high profile vista onto Great South Road, with roller door entry from Greenpark Road for delivery and collection of product. Additional parking at the rear of the building could be used for either outdoor storage and container space, or for extra public and staff car parking.

Inside, the upstairs office space had been designed in an open plan format, and features an exposed steel beam ceiling with deliberately visible ducting/electrical wiring networks. Staff amenities include a full kitchen and bathrooms, Mr Hill said. The lower and upper levels are connected by a central internal staircase.

“The office space is very modern and clinical – almost reflecting what you would expect to find in a city-fringe advertising agency or marketing consultancy. It has very straight and functional lines - reflective of the exterior concrete tilt-slab construction style,” he said.

“The unobstructed ceiling structure creates a very open vertical workspace flow in a warehouse format. It’s certainly not what you’d expect to see in many of the buildings designed from that era, and has been modernised to ensure it is one of the ‘coolest’ office spaces in the southern corridor.”

Website listing: http://www.bayleys.co.nz/Listings/Auckland/Auckland-City/Penrose/4109523

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Media: Fairfax Moves To Create Modern Newsroom

Fairfax Media New Zealand continues its newsroom transformation this week, with a proposal to further organise its editorial operations into focused, local teams and specialist national topic areas. More>>

ALSO:

Dairy: Fonterra Forecast For 2015/16 Season

Fonterra Co-operative Group Limited has today reduced its forecast Farmgate Milk Price for the 2014/15 season to $4.40 per kgMS. Along with its previously announced forecast dividend range of 20-30 cents per share, the change amounts to a forecast ... More>>

ALSO:

BusinessDesk: SkyCity Lifts Minimum Convention Centre Investment To $430M

SkyCity Entertainment Group, the casino operator, has lifted the minimum it will invest in the Auckland International Convention Centre to $430 million and said total costs including land may be $450 million to $470 million. More>>

Statistics: Drop In Dairy Prices Leads Fall In Exports

Total goods exports fell $240 million (5.5 percent) to $4.2 billion in April 2015 compared with April 2014, Statistics New Zealand said today. More>>

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>


BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>

BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news