Albany unit ideal starter for new commercial buyer

An elevated view of Unit 28 which is for sale at 14 Airborne Rd, Albany.

An easily accessible and highly visible two-level Albany building is for sale that was purpose built for the current tenant who operates a successful catering business from it and who has just signed a new six year lease with options to renew.

"Road frontage property in a highly sought-after commercial area, with a stable, long-term tenant doesn't come on the market too often," says Dave Lane of NAI Harcourts North Shore Commercial who is marketing Unit 28 at 14 Airborne Rd for sale by auction at Harcourts auction room at 12 pm on Wednesday December 2 unless it sells earlier by negotiation.

The property in the heart of an Albany industrial estate comprises 165.66 sq m of stratum in freehold space over two levels. It includes a ground floor commercial kitchen and storage area of 93.78 sq m and a first floor office, storage and bathroom area with shower.

The building, which features a first floor deck and a ground level patio, has three allocated car parks with additional visitor parking within the building complex.

Lane says the unit is part of a complex containing several other titles which are largely commercial businesses with accommodation units. "This design and layout allows for excellent security outside of work hours as many tenants and owners live on site," he says.

"The affordable size of this property and the security of the tenancy, which covers all outgoings, offer a rare opportunity for residential investors who are looking to move into commercial property investments. It would also appeal to commercial investors wanting to expand their portfolio.

Dave Lane, of NAI Harcourts North Shore.

"It presents an excellent opportunity to either get a first foothold in the commercial market or add to other investment properties without over-stretching and having to worry about leasing."

The building complex is constructed of concrete tilt-slab perimeter walls and has longrun steel roofing. The level site is zoned Business 10 in the current Auckland operative plan and Light Industry in the Proposed Auckland Unitary Plan.

"It is conveniently located close to a motorway junction with the Auckland CBD a 10 minute drive away in off-peak traffic," Lane says. "It's also near the Albany City centre and Westfield Mall."