1-4/16 Norrie Road, Drury Four titles with split-risk income and upside

Available PropertyFiles:

  • 16 Norrie Road - ISA Report.pdf
  • Certificate of Titles - 16 Norrie.zip
  • LIM - 16 Norrie Road.pdf
  • Lease documents.zip
  • Property File.zip

Property Description

Key features:
• Four (4) unit industrial complex with four (4) titles offered as one
• Split-risk income returning $114,574pa + GST upside from vacant units
• Business - Light Industry zoning in a high-growth Drury location near State Highway
• Motivated vendor with clear instruction to sell

Positioned within the rapidly growing Drury industrial precinct, this multi-unit industrial complex comprises four north-facing units on individual titles, offered together as a single holding. The property provides a combination of income and flexibility, with two units currently tenanted and two vacant, allowing for both immediate holding income and future leasing or owner-occupier upside.

Each unit is configured for functional industrial use, featuring clear-span warehouse space and roller door access, complemented by associated yard areas and onsite car parking. The total net lettable area is approximately 970.5sqm.

The site spans 6,710sqm (more or less), with good circulation for vehicles and equipment, although a portion of the land is impacted by the adjacent stream. The property is well suited to a range of buyers including investors seeking split-risk income, add-value buyers looking to lease the vacant units, or occupiers wanting to secure a foothold in a high-growth location.

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Contact Tony Chaudhary

Bayleys Real Estate Limited, Manukau

Licensed under the REA Act 2008

021995121   tony.chaudhary@bayleys.co.nz   All Listings

Tony Chaudhary’s proven strategies for attaining outstanding results for his commercial property clients have seen him rise through the ranks of Bayleys since joining the group 15 years ago. Tony has ranked amongst the company’s Top 5% of agents nationwide every year since joining Bayleys and he was awarded the esteemed title of No 1 Commercial Agent, New Zealand in 2020/2021.

Specialising in the South/East Auckland commercial property sales market, Tony’s expertise is also regularly called upon by his clients throughout the Auckland market as they recognise the value he can add to the real estate table.

Regularly dealing with individual property owners, corporate clients, high-profile national retail groups, and key international property clients, Tony’s business has grown exponentially on the back of repeat and referral business, record sales prices, a changing market, and clever solutions to his clients’ property challenges.

Tony Chaudhary and his team efficiently services a growing national and international client base which values their diligent work, intelligent marketing strategies and proven negotiation skills that Tony has consolidated. Tony and the team invest significant time and energy to ensure that every avenue is pursued to find the right buyer for each property he is entrusted to market.

Deeply established in the Auckland commercial property market, Tony and his team, together with the reputable Bayleys brand, delivers exceptional real estate service to discerning property owners keen to realise true market value in the competitive marketplace.


Contact Tom Doyle

Bayleys Real Estate Limited

Licensed under the REA ACT 2008

021 062 6261   tom.doyle@bayleys.co.nz   All Listings

Hailing from the dynamic city of Auckland, Tom's roots trace back to Sacred Heart College, a place that instilled in him values of determination, hard work, and excellence. While the early chapters of his journey saw him representing New Zealand on the football pitch, it's in the realm of real estate that Tom truly found his calling.

A transition from the field to the fast-paced world of property might seem unorthodox to some, but for Tom, the parallels were clear: both required strategy, insight, and an unyielding commitment to achieving one's goals. With an astounding record of over $100 million in sales and lease transactions under his belt, Tom's dedication to his clients and his craft is evident.

It wasn't long before Tom's reputation in the real estate sector caught the attention of Bayleys, leading him to join their esteemed ranks as a senior broker. Here, he channeled his vast experience and expertise into specialising in commercial and industrial sales and leases throughout South Auckland. His understanding of Auckland, coupled with his strategic approach to real estate, has solidified his position as a key asset to our team.

Whether it's crafting the perfect deal or scouting the next prime piece of commercial real estate, Tom Doyle's journey from the footy field to Senior Broker is a testament to his prowess, passion, and unparalleled commitment to the world of real estate.