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Double opportunity in popular Wairau Valley commercial area

Diana Drive development with two units available



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Unit L and Unit M 101-111 Diana Dr 14 small-min.jpgTwo commercial units are being marketed for sale in Auckland’s Wairau Valley through JLL. 

Specialist North Shore agent Jaye Miller is marketing Unit L and Unit M at 101-111 Diana Drive.

Unit L is 440sqm and is for sale by negotiation. Three-quarters of the available space is a high-stud warehouse with roller doors and nine carparks, with the remainder fitted out as office space. 

“The occupier, Sun’s Motors, is moving out and the property will be sold with vacant possession. This property is one unit back from the road, which makes it easy to access. It has been well maintained by the owner since early 2011 but would benefit from some modernisation,” Miller says. 

Unit M is a vacant 970sqm square unit and is for sale by private treaty. 

“This unit has an excellent configuration, road frontage and carparking. The 690sqm high stud warehouse has a seven-metre stud height and there’s 280sqm of office space. There are roller doors on both the northeastern and northwestern sides of the building, allowing the potential to drive through. 

“These are separate sales by two different vendors but they happen to be positioned next to each other in this small 1980s commercial complex,” Miller says. 

“The appeal of Wairau Valley as a light industrial and commercial area is its easy motorway access, both north and southbound. This property is just 12km from downtown Auckland and 31km from Auckland Airport.

“For a North Shore owner-occupier, this could be an opportunity to relocate your business closer to home and cut your travel time.”​​

A demographic study of the Wairau Valley area by JLL Research & Consulting shows the population is wealthier than the New Zealand average. Purchasing power per capita is $29,431 in the study area, versus the $26,900 per capita average for New Zealand.

Under the Proposed Auckland Unitary Plan, this site is zoned for Light Industry, which allows for activities including light manufacturing, production, logistics, storage, transport and distribution.  

“We are seeing a resurgence in the North Shore commercial and industrial market,” Miller says. “We’ve seen significant increases in value over the last 18 months, thanks to a variety of factors including low interest rates, low vacancy levels, huge owner-occupier demand and investment yields at an all-time low. We expect these properties to attract strong interest as there is a real shortage of investment stock in this area.” 

Read the True Commercial story here