A standalone freehold office/warehouse with vacant possession is available for sale in a well-established industrial zone of Birkdale.
Located in a quiet no exit road, 5-7 Bay Park Place is in an elevated position and offers views of the upper harbour from its offices.
Family owned since 1979, the property will be put forward for sale by auction on Thursday 31 July.
Marketed by Dave Lane of NAI Harcourts North Shore, the property has a total floor space of 1,245.2m² and a total site area of approximately 2,282m².
It includes a high stud warehouse (413.8m²), ground floor dispatch office, workrooms and amenities (240.9m²), a first floor office, storage mezzanine and amenities (268.4m²), side low stud basement room (135.9m²) and a rear roller door low stud basement (186.2m²).
While currently owner occupied, potential rental for the property is $109,000 pa + GST and outgoings.
There is also a phone tower which affords a current rental of $10,014 pa + GST. The commencement date for this rental was 23 February 2005 and the term runs for 20 years to 2025. There are three yearly rent reviews.
Constructed in 1979, the property was purpose built for its current owners and care for the property is evident as the building is in excellent condition for its age. Due to increased business, there was an addition to the warehouse made in 1987. The warehouse area was extended by approximately 190m², offering clear span high stud warehouse and a low stud warehouse area of similar size below this new extension.
General construction is concrete foundations and concrete warehouse floor, base concrete block walls, warehouse timber fabricated and concrete block walls, full span laminated timber warehouse roof supports and corrugated roofing. Lane says the road front property offers good presence, with its standalone quality and elevated position, including a good number of car parks that could be used for short term container drops.
5-7 Bay Park Place forms part of a small pocket of light industrial properties located on Bay Park Place and neighbouring Kahika Road. Surrounding development is established residential comprising accommodation in the more affordable price bracket and providing a solid surrounding catchment of skilled and unskilled labour looking for a local place to work.
The Glenfield Commercial Centre is located approximately three kilometres to the east via Kaipatiki Road and provides a range of amenities, service industries and most professional services. Motorway access is at Tristram Avenue via Wairau Valley, approximately 5.3km to the east. Central Auckland is approximately 20 minutes’ drive in off peak periods.
The site is zoned Business 9 which allows for a wide range of employment generating business activities. Under the proposed Unitary Plan the site is zoned Light Industry.
Chattels include light fittings, fixed floor coverings, two roller door electric motors, stove and alarm system.
Auckland Council rates are $8,471.74 including GST. Insurance is $5,771.77 including GST.
The building was design built and extended for its current occupant. As well as offering a single tenancy, there is the opportunity to separately lease the basement area.
The warehousing and low stud storage comprises 78.5% of the property, with the office and amenities the other 21.5% (approximately)
Lane says this is a highly desirable investment in a well-established industrial zone. With its functional warehouse space and high potential rental, investors looking to buy a standalone freehold property in a strategic location should inspect 5-7 Bay Park Place. It also offers an excellent opportunity for an owner occupier who wants to setup business at this location. He expects a good level of interest in the property.
5-7 Bay Park Place is offered for sale by auction at 12pm on Thursday 31 July at the Harcourts Auction Room at 400 Beach Road, Mairangi Bay.