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: Julian Wilcox Leaves Māori TV

Māori Television has confirmed the resignation of Head of News and Production Julian Wilcox. Mr Maxwell acknowledged Mr Wilcox’s significant contribution to Māori Television since joining the organisation in 2004. More>>

ALSO:

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Auckland Outage: Power Mostly Restored Overnight

Vector wishes to advise that all but 324 customers have been restored overnight. These customers are spread throughout the network in small pockets. The main St Johns feeder was restored around midnight allowing most of the customers in all affected areas to have power this morning. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news