"Also consisting of two freehold titles totalling 1630sq m, the blocks at 194-198 Cavendish Drive are on the corner with Glasgow Ave on a traffic light-controlled intersection with good entrance and exit options."
Stanley says prospective purchasers can tender for the four individual titles which range from 770sq m to 885sq m.
However, most tenders are expected to be for each of two blocks that are separated by a middle property, which is not included in the sale, or for the purchase of all four titles in their entirety to enable a development of sufficient scale to be undertaken.
"We have already had interest in the offering from owner-occupiers, developers who have tenants wanting purpose-built premises in the area as well as from some of the neighbouring property owners," says Stanley. "There is really a blank canvas there ready for development."
The Business 5 (Mixed) Zone recognises "that with increasing use of better technology and management practices, the effects of industrial and manufacturing activities are compatible with or similar to a range of retailing and other activities".
Stanley says the current zoning will allow some retailing on the high-profile street frontages of the sites with other uses behind, or it will accommodate a substantial single user such as a hireage business needing a main road presence. Neighbours include well-established industrial businesses and a large residential catchment area.
Ben Bayley says the sites are conveniently located about 2.5km from the north-south State Highway 1 motorway interchange to the east and about 1.6km from the SH20 South-western motorway interchange. Manukau City is a short drive east.
"Cavendish Drive is now a major connecting route from Manukau to Auckland International Airport and State Highway 20 which accesses both south and west Auckland," says Bayley.
"The current estimated traffic count is 15,000 to 18,000 vehicles passing per day which means it is a sought-after business location."
www.bayleys.co.nz/1900060
