Affordable industrial building in sought after area of East Tamaki

Street level view of a vacant industrial building for sale at 8 Torrens Rd in East Tamaki. Photo / Supplied

A vacant industrial building in an otherwise fully leased complex off Ti Rakau Drive in East Tamaki is being marketed to owner-occupiers or investors looking for an affordable property in an area of growth.

The 250sq m unit at 8 Torrens Rd was previously home to the Dulux Trade Centre and is for sale through Rachael Pittaway of Bayleys Auckland and Katie Wu of Bayleys Manukau.

Constructed in the mid to late 1990s, the complex, which is located on the corner of Torrens Rd and Burswood Drive leading directly on to Ti Rakau Drive, will go under the hammer on November 2 as part of Bayleys' latest Greater Auckland portfolio auction.

Pittaway says Unit B2 has a wide frontage on to Torrens Rd and is in a prime position within the complex, being directly at its entrance.

"It is a very versatile building which would suit a variety of uses," she says.

"There is good access and excellent carparking, with seven parking spaces associated directly with the building, along with many shared carparks for customers."

Pittaway says the unit is of low-maintenance tilt slab construction and is in immaculate condition. It comprises 197sq m at ground level and has a 53sq m mezzanine area.

"The building is very functional, being high-stud and clear-span with multiple entries, including a full-height, glazed sliding door at the shop front providing an additional trade entry." Pittaway says there is a shortage of industrial buildings for sale in East Tamaki under $500,000 and adds that the property is in a "very affordable" price bracket and is likely to attract a business looking for premises in the sought-after area.

It could be used for a wide range of purposes, from warehousing to trade retailing and office.

While it is being sold with vacant possession, the unit was producing net annual rental income from the previous tenant of $42,500 and could also be of interest to an investor looking for an opportunity to add value to the building by leasing it up.

Wu says the complex is tenanted by a variety of businesses, including a restaurant and dance school.

"Units in the complex rarely become available because it is in a well-established and popular area," she says.

Other tenants in the area include a Shell service station, Lighting Direct, Honda East Auckland and Bunnings Warehouse.

"Like many of East Tamaki's commercial or industrial enclaves, this complex is close to surrounding residential suburbs and businesses, therefore benefiting from the convenient location and foot traffic from people living nearby," says Wu.