Two Penrose properties on market as van fitters hit the road

The larger of two light industrial buildings for sale on Fairfax Ave in Penrose.

Two industrial buildings ready for immediate occupation are for sale on Fairfax Ave, Penrose, following rapid expansion by Van Extras, a custom van fit-out company, which is consolidating into a purpose-built facility in another location.

The properties at 8 and 9-11 Fairfax Ave will be offered for sale by auction through Colliers International at 11am on March 13 and are being marketed by Andrew Hooper and Hamish West.

Van Extras' former main facility at 9-11 Fairfax Ave is prominently positioned on a 1900sq m site with a 1500sq m building. The company, which employs more than 20 tradespeople, customises about 125 vans per month for uses such as school transport, restricted mobility passengers and transporting industrial gear and equipment.

The building spans two levels with an attractive front showroom and office. To the rear of the building is a 994sq m dual stud warehouse with multiple roller doors to a yard spanning the length of the property.

The 8 Fairfax Ave property is about half the size but has a large secure yard. It comprises nearly 1000sq m of land with a 720sq m building and features a high grade office fit-out on the second floor, roller door access on the ground floor and a fully fenced and gated 260sq m yard.

"As might be expected of experts in the van fit-out business, the facilities are finished to a high standard," says Hooper.

"Both properties are extremely well maintained with recently refurbished offices. The owner has kept all the facilities up to a model standard to reflect well on his business, and the care he has taken with the upkeep of both of these buildings shows in every detail. This is a turn-key opportunity for new owner-occupiers or investors looking for a property to lease," Hooper says.

West says investors are attracted to the area due to its low vacancy levels, currently running below 5 per cent and the highest rents in the Auckland industrial market. According to Colliers research, rents in the Penrose and Onehunga area range from $100 to $120 per square metre for warehouse space and up to $225 per square metre for office space.

"Penrose is one of Auckland's most centrally located industrial precincts, about 10 minutes' drive from the CBD during off peak traffic," West says.