The property for sale or lease on Cebel Place, just off Bush Road, is available with the lion’s share of the building – nearly 2,200 square metres – vacant at the front. Two small tenancies at the rear offer a holding income of $71,983 per annum.

With easy access to wealthy North Shore catchments, motorways and Auckland’s CBD, the property will appeal to occupiers, add-value investors and developers in a hub of industry which is notoriously tight for space.

The freehold property at 4 Cebel Place, Albany, Auckland, is being offered for sale or lease by deadline private treaty closing on Thursday 1 December, unless the property is sold or leased earlier, through Matt Mimmack, Laurie Burt and Richard Moors of Bayleys Commercial North Shore.

Mimmack said the approximately 2,752-square metre building sat on a rectangular site of some 5,000 square metres with 57 on-site car parks. The property is accessed via two road crossings within the short cul-de-sac.

The building has an A-grade seismic rating.

“Originally built in the late 1980s, with some refurbishments from the late 1990s, this is a substantial standalone industrial complex with a good mix of warehouse and office accommodation.

“The more than 1,900 square metres of warehousing has a stud height of approximately five metres. It includes a built-in cool store facility and is accessed via a roller door with a width of 7 metres. This opens onto a secure yard with container drop-off areas,” said Mimmack.

The balance of the building is made up of two levels of offices and amenities plus a boiler room/laundry.

Burt said the construction included reinforced concrete foundations and floors as well as a steel portal structural frame.

“The warehouse cladding combines precast concrete slab with profile long-run steel sheets. The office cladding is mixed roughcast plaster, brick with sections of weatherboard and a glazing system set with aluminium joinery.

“There is the potential for a buyer to add value by extending the warehouse to maximise the site coverage, as well as potentially lifting the roof to a modern stud height,” said Burt.

Moors said the site’s Business – Light Industry zoning under the Auckland Unitary Plan provided for manufacturing, production, logistics, storage, transport and distribution activities that do not generate objectionable odour, dust or noise.

The Cebel Place property benefited greatly from its central Albany location, he said.

“After almost two decades of impressive growth, Albany has been heralded as the epicentre of Auckland’s North Shore.

“This location lies around 20 minutes’ drive from Auckland’s CBD and is well linked to other affluent North Shore suburbs such as Long Bay, Browns Bay, Rosedale, Coatesville and Silverdale,” Moors said.

Click here for more information on the listing.