Riverhead industrial property 'must sell'

The versatile warehouse and yard at 3 Timber Place, Riverhead, are available with vacant possession. Photo / Supplied

A standalone industrial property in Auckland's northwest has been placed on the market, offering potential buyers vacant possession with the option to immediately lease the yard.

At 3 Timber Place, in the new Mill Industrial Park subdivision in Riverhead, the property comprises a versatile 507sq m warehouse with amenities on a 2320sq m freehold site.

Ryan de Zwart, of Colliers International, and Chase Erceg, of Barfoot & Thompson, are marketing the property for sale by auction at 1pm on Wednesday May 1.

"It's a chance to secure a sought-after fee simple, standalone industrial building in Auckland's growing northwest," says de Zwart. "The property is being sold by an owner-occupier going out of business, making this a 'must sell' opportunity.

"It comprises a large warehouse with dual roller door access, along with a side wing containing a workroom, lunchroom, two toilets and two showers.

"A secure metalled yard of 1500sq m allows for future expansion or redevelopment. The versatile warehouse and yard are available with vacant possession, making the property suitable for owner-occupiers.

"Alternatively, prospective purchasers can negotiate a lease with local business Ross Tanks, which occupies the yard and has signalled its willingness to remain."

The Light Industrial zoned site houses three Portacom buildings, two belonging to Ross Tanks and the third owned by the vendor.

Erceg says the property offers excellent access, with car parking directly in front of the building and additional space to the rear for extra parking or additional storage.

"The site allows for a wide range of business uses. The large yard can be leased separately from the warehouse and redeveloped in the future should expansion be required."