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Auckland

Large Manukau warehouse available to buy or lease

JLL marketing industrial property in busy Kerrs Road


 

 

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99 Kerrs Road cropped small-min.jpgJLL is marketing a high profile Manukau warehouse for sale or lease in Kerrs Road, Wiri. 

Expressions of interest on 99 Kerrs Road close at 4pm on December 20.

The 4,295sqm site features a 2,764sqm building, which is made up of a warehouse of 2,185sqm with a 180sqm canopy and 579sqm of office and amenities.

The property is being marketed by Mitch Broderson and Sam Smith of JLL. 

Sam Smith, National Director Industrial for JLL, says there is currently a tenant occupying the upstairs office who would be happy to stay. 

“This is bringing in approximately $60,000 gross per annum. The office is spread across two levels and can be easily split to create two separate tenancies. It would also be possible to put in a showroom,” Smith says. “There are reception areas on both levels with carpeted offices and air-conditioning.”

Industrial sales and leasing agent Mitch Broderson says this modern 6 metre-high warehouse has no internal columns and covered roller doors, making it suitable for a wide variety of tenants. 

“Kerrs Road is home to a range of commercial and industrial businesses, ranging from automotive to light manufacturing. This property is zoned for light industry under the Unitary Plan,” Broderson says. 

“The owner appreciates the value of this location and would be happy to sell the building or lease it. The property benefits from 50 metres of street frontage onto the popular Kerrs Road, so the occupier’s business will benefit from exposure to all of the passing traffic. It has easy access to both State Highway 1 and State Highway 20,” Broderson says. “There’s also parking for up to 38 vehicles.”

Auckland Airport is a 10km drive from Kerrs Road, and downtown Auckland is 25km away. 

“The Southwestern Motorway really opened up the Wiri area and made it so much more accessible. When the Waterview Connection opens in early 2017, it will be even better – particularly in terms of travel time to west and northwest Auckland,” Broderson says. ​

“It’s not often you get the chance to invest in such a large freehold warehouse in Auckland,” Smith says. “Owner-occupiers and investors will appreciate this opportunity.

JLL produces regular Pulse reports on the South Auckland Industrial market. 

“Our latest Pulse report for this sector shows that occupier demand for South Auckland industrial space has remained consistently strong throughout 2016, with the sector continuing to expand on the back of strong domestic conditions,” Smith says.

“Investor demand has also been persistent, with tenanted industrial property being highly sought after by those looking for a secure long-term place to invest their capital.

“Wiri is just around the corner from Auckland airport, which is a hive of activity at the moment. 

“One of the growth areas in South Auckland is The Landing at Auckland International Airport, where new space is springing up for major industrial occupiers including Fonterra, Coca-Cola and the Ministry for Primary Industries. Those properties alone account for more than 30,000 sqm of new space with the airport also bringing a range of spec-built space to the market. Sistema Plastics has also opened a new facility on the edge of the airport precinct adding a further 50,000 sqm of space to the stock base.

“Our researchers predict industrial yields will drop further into 2017, while rents are forecast to see further upward pressure.

“Overall, the outlook for the South Auckland industrial market is positive for 2017. The economy looks set to continue on a strong growth path which will foster continued expansion of the industrial sector,” Smith says.