Showroom and office in Papatoetoe
Another property for auction Barfoot & Thompson’s Shortland St office, on Thursday February 18at 10.30 am is a warehouse, showroom and office building in 28E Lambie Drive, Papatoetoe.
Jesh Jaskiewicz who is marketing it with colleague David Mayson says the freehold commercial property in stratum is fully leased with the 440 sq m medium stud warehouse and showroom on the ground level and a 127 sq m office on level one.
The circa 1980s’ building with a total area of 567 sq m earns $62,200 per annum plus GST and comes with 11 car parks.
Jaskiewicz says importer and specialist tool supplier Grossman Twigg has been a tenant since 2006 and pays $48,000 per annum for the showroom and warehouse on a lease that expires in August 2018.
The Manukau branch of Squirrel Mortgage Brokers pays $17,200 annually for the first floor office on a three year lease that expires in July 2017.
Mayson says the 1980s’ concrete block building is located in the vicinity of the Manukau Westfield shopping mall, Manukau Mega Mitre 10, Manukau Supa Centre, a Bunnings and Event Cinemas.
"Lambie Drive is off Cavendish Drive, which is one of the busiest arterial routes in Manukau City, and the property has easy access to both the north and south-bound lanes of State Highway One and to west-bound State Highway 20. It is also close to regular rail and bus services."
Mayson says the area will benefit from significant transport, commercial and residential infrastructure projects currently underway in and around Manukau City.
Standalone warehouse in Penrose
Also featuring at the February 18 auction is a standalone warehouse at 367 Church Street, Penrose, marketed by Brennan Wyllie and James Marshall.
"This property has add-value potential refurbishment upsides and is the ideal acquisition for an owner operator or investor with a tenant in mind," Wyllie says. The 590 sq m warehouse occupies a freehold site of 817 sq m and is located in a popular business district.
Marshall says the versatile building has good parking and would particularly suit an owner occupier automotive related business.