Property Description

Add value in one of Auckland's premier industrial precincts.

Opportunities to secure a substantial freehold industrial property in the heart of Wairau Valley are becoming increasingly rare. Available for sale or lease, 18 Parity Place comprises approximately 1,369sqm of building area on a generous 2,775sqm (more or less) fee simple site, zoned Light Industry. There is approximately 300sqm of rear land area currently underutilised, which could be transformed into additional car parking spaces or yard area.

Positioned within one of Auckland's most tightly held industrial precincts, the property offers a versatile mix of warehouse and office accommodation, complemented by extensive sealed yard areas. Suitable for developers, investors, owner-occupiers, or tenants, the property provides exceptional flexibility in a highly sought-after North Shore location.

Currently configured as two separate tenancies, the property offers potential for dual income streams, owner-occupation with holding income, or reconfiguration to suit a single occupier. The substantial rear yard provides secure storage, additional parking, or excellent container access - an increasingly rare feature in Wairau Valley.

For purchasers seeking to create value, the existing improvements present an outstanding opportunity for refurbishment and modernisation, unlocking significant upside in a market where quality freehold industrial assets remain tightly held.

Property highlights:
• First time on the market since 1983
• Approximately 1,369sqm total building area
• 2,775sqm (more or less) fee simple site
• Vacant possession
• Light Industry zoning
• 24+ on-site car parks
• Extensive sealed rear yard for secure storage or parking
• Opportunity to refurbish and add value
• Prime Wairau Valley location
• Rare opportunity to secure a substantial freehold industrial holding on Auckland's North Shore