14-18 Honan Place, Avondale, Auckland Rosebank Peninsula investment with upside

Available PropertyFiles:

  • CT - Honan Pl, 14-18.pdf
  • Design Agreement to lease - signed (1).pdf
  • IM - Honan Pl, 14-18.pdf
  • JW-102061-319-45-1 Deed of Lease Honan Place Executed (1).pdf
  • LIM - Honan Pl, 14-18.pdf
  • SPA - Honan Pl, 14-18 Final 0326.pdf

Property Description

• Established tenant who has occupied the site for eight years
• Future extension and repositioning potential
• Excellent car parking, easy access and room for container devanning
• Highly popular investment location

This established industrial property was developed in the mid-1970s and comprises two separate buildings. The original building to the frontage has a moderate stud height, while there is significantly improved and high-quality internal space providing a showroom, board room, open office and amenities. The attached rear building provides a high-stud open warehouse with an internal office structure over two levels. New roofing over both.

There is a single lease over both buildings. The tenant has been in occupation since 2018, with the rear building now subleased. Potential to renegotiate the current lease and reposition if the renewal option is not exercised in 2028. Owner occupiers should consider.

Industrial property on the Rosebank Peninsula continues to be sought after and is generally well-held by investors. The property benefits from having two separate structures and is of an age, where add-value strategies will be considered.

Please fill in the form below and we'll email you a link to download the PropertyFiles, instantly.


Terms of Supply

By accepting the information contained in this PropertyFile, I acknowledge I have read, understood and accepted the terms on which the information is made available.
1. Where information is supplied by the agent to customers, the information is information in possession of the Vendor(s) that the Vendor(s) are making available to the customer without endorsement.
2. No representation is made by the agent or the Vendor(s) as to the accuracy, or to the reliability, of any information made available to the customers.
3. The customer will seek such advice and explanation the customer may require from an independent specialist of their choosing.
4. Should the purchaser decide not to obtain their own specialist advice, they are deemed to have satisfied themselves on all aspects of the property and are buying solely in reliance on their own judgement and contrary to the recommendation of the agent.
5. By registering you give consent to receive newsletters from the listing agent and/or PropertyFiles which you may unsubscribe from anytime.

Contact Craig Smith

Northwest Bayleys Real Estate Ltd

Licensed under the REAA 2008

09 953 4740   021 490 580   craig.smith@bayleys.co.nz   All Listings

With over 14 years of agency experience, Craig Smith, has built a remarkable career marked by his unwavering professionalism and a passion for exceeding client expectations. Craig is joining the well established Bayleys NorthWest team as a Director focusing on Industrial & Land opportunities.

Craig's journey in real estate began in 2004 and since then he has consistently demonstrated his knack for closing deals that leave a lasting impact. His enthusiasm for identifying opportunities, marketing properties effectively and skilfully negotiating successful outcomes for his clients results in consistently delivering better than expected outcomes.

Craig's achievements speak for themselves. He has risen through the ranks from broker to associate director to director, and regularly acknowledged with various salesperson accolades. Notably, he's been involved in some of the largest West Auckland transactions, including deals worth $51 million, $60 million and $68 million in the last 18 months.

Outside of work, Craig enjoys spending time with his wife and two young kids, Mollie and Tommy. He's a keen golfer and avid rugby supporter and prioritises physical fitness and mental focus as essential for success.

What excites Craig the most about property is working with a diverse group of stakeholders and helping them to achieve their property goals. His specialty lies in industrial developments (off-the-plan sales), large-scale residential development sales and investment sales in areas like Westgate, Hobsonville, Henderson and Avondale Industrial.