The more than 1,600-square metre freehold site for sale sits prominently with wide street frontage in the Rosebank Road industrial precinct in the Auckland suburb of Avondale.
The standalone premises at 334 Rosebank Road are fully leased to BOC Gas, New Zealand's leading gas and welding equipment specialist.
BOC is a key supplier of gas, welding supplies, PPE, workplace safety and industrial equipment to the industrial, healthcare, hospitality, and scientific sectors. The business forms part of the Linde Group, a global industrial gases and engineering giant with 2022 sales of US$33 billion.
The Rosebank Road site generates a net rental income of $82,110 plus outgoings and GST per annum, subject to a two percent increase this August, on a lease that runs through August 2026.
The tenancy agreement includes the tenant’s right to terminate the lease in August 2024 on giving six months’ notice.
“With the relatively short remaining lease term, this property represents a rare opportunity not only for investors, but for a new owner-occupier to position themselves in standalone freehold premises in the heart of this sought-after and strategically located industrial precinct,” said Bayleys Northwest salesperson Stuart Bode.
The property at 334 Rosebank Road, Avondale, Auckland, is being marketed through Bode for sale by deadline private treaty closing on Tuesday 4th April, unless it is sold prior.
Bode said the approximately 377-square metre industrial building sat on some 1,659 square metres of freehold land, with 10 on-site car parks.
“These free-standing premises incorporate showroom, office and warehouse areas, with a bitumen-sealed car park and driveway in front.
“The building was constructed in the early 2000s with concrete flooring, concrete tilt-slab walls, aluminium window joinery with clear glazing and profile metal roofing,” he said.
The site presents a wide, high-profile frontage of approximately 50 metres to busy Rosebank Road.
“Rosebank Road is one of Auckland’s most in-demand industrial locations, around 15 minutes’ drive from Auckland’s central business district. Businesses positioned here are close to the Northwestern Motorway and enjoy excellent connectivity to Auckland’s international airport via the Waterview Tunnel,” Bode said.
The site’s location within the Business – Light Industry zone under the Auckland Unitary Plan allows for activities in areas such as manufacturing, production, logistics, storage, transport and distribution, that do not generate objectionable odour, dust or noise.
“The desirability of the Rosebank Peninsula as an industrial location and the diversity of activities that are possible here are demonstrated by the presence of major tenants and owner-occupiers such as Bunnings Trade, Methven, Autex, Rheem, Blum, Barkers and Allegion,” said Bode.