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Large multi-purpose building for sale with potential for industrial, commercial, educational tenancy

Tags: Commercial

The land and buildings at 12 – 14 Cartwright Road in the West Auckland suburb of Kelston owned by Polar Buildings, comprising of well-maintained office spaces, meeting rooms, and warehouses have been placed on the market for sale.

The current tenants is one of New Zealand’s largest private training providers which is relocating to another site to meet its current needs - providing an unique opportunity for buyers who are investors or owner-occupiers.

The Kelston premises consists of 2,935 square meters of building space – encompassing offices/classrooms, a large gymnasium facility plus a high-stud warehouse, lunchroom and bathroom amenities, with car parking for more than 50 vehicles.

The buildings sit on 7,786 square metres of freehold land zoned business - light industry, which allows for the construction of commercial structures up to 20 metres high with the potential to be tenanted by retail, food and beverage, office or tertiary education entities.

The property is now being marketed for sale by tender through Bayleys Auckland, with tenders closing at 4pm on August 9. Salespeople Mike Adams and Jean-Paul Smit said the property consisted of two distinct buildings – the first constructed in 1961, with several extensions added during ensuing 10-years, while the second was constructed in 1998.

“The property is effectively split into two main components – with offices, classroom facilities and gym in building one, and the adjoining workshop area, complete with an external canopy, contained in building two,” Mr Adams said.

“Building one comprises a rectangular-shaped two-level masonry block structure with dual entry. The upper level is an open plan floorplate which can be used in an auditorium setting. It also has a kitchen and dining room area.

“Meanwhile building two is a 1,037 square metre workshop built with concrete tile panels and divided into four spaces by corrugated galvanized iron walls. The workshop has varying stud heights of up to 8.4 metres with access to the canopy through both roller doors and single timber-framed doors.”

Mr Smit said the building would suit future use tenancies such as another education or training provider, or possibly a community group, religion-based organisation or similar.

“Alternatively, the high-stud nature of the warehousing building, combined with the roller door access under canopy, would easily sustain a warehousing, manufacturing or distribution-based businesses.”

“The multi-space configuration of the buildings means numerous activities can be conducted at the premise simultaneously. Alternatively, those spaces could be integrated into bigger hall-sized rooms,” Mr Smit said.

“With several bathroom amenities located within the greater premises, the buildings are well suited to handling high volumes or people concurrently.

Building one is rated at 50 percent of New Building Standards, while building two is rated at 100 percent of New Building Standards. Both buildings are made with concrete slab flooring. Building one has roofing sustained by timber purlins spanning between steel portal frames, while building two has light gauge steel purlins between its portal frames.

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