New-build warehouse units for sale set to reposition New Zealand’s industrial landscape
The heart of one of Auckland’s foremost urban industrial precincts is undergoing a major rejuvenation – with architecturally striking units in a brand new hub being placed on the market for sale.
The 26 freehold units at 273 Neilson Street straddle the suburb of Penrose and the industrial portion of Onehunga, and are being built on the 2.8-hectare site which previously housed the Cavalier Bremworth Woollen Mills.
The original Onehunga Woollen Mills (known as Te Papapa) which was one of only 10 large-scale mills in New Zealand, was first established at the address in 1886 to manufacture woollen cloth.
Reflecting this 1800s heritage, the new building complex being woven into the fabric of Penrose and Onehunga’s industrial property scene is also named Woollen Mills, and features angled saw-tooth roofing replicating the architectural style of the original buildings.
The two-storey concrete and colour steel terraced office and warehouse units currently under construction range in size from 371 square metres to 1,021 square metres. Each unit comes with its own staff and customer allocated car parking area – ranging from five vehicle spaces for the smaller units up to 18 car parks for the bigger sites, as well as dedicated container set down areas.
The flat site fronting Neilson Street also has street access points on Captain Springs Road and Angle Street providing six entry points.
Woollen Mills is being developed by Auckland property development and investment company Triumph Capital. Previous construction projects included the redevelopment of a chic 4,000 square metre office block at 22 Pollen Street in Ponsonby, and a stylish 2,150 square metre office venue with dual street frontages at 68 Sale Street in the city.
Triumph Capital developer Tim Wilson said the ethos behind Woollen Mills was to produce a quality product which the Auckland market had never seen before, while also showing respect to the location’s heritage aspects.
The 26 units are being marketed for sale through Bayleys Real Estate. Salespeople Scott Campbell, Sunil Bhana, James Hill and James Valintine said the freehold unit-titled warehouse and office workspaces were for sale ‘off plan’ on a ‘first come/first served’ basis.
“Construction is well advanced, with equity-funding meaning there is no requirement for any pre-sales levels to be achieved. Construction is forecast to be completed mid next year.”
Mr Bhana said many recent developments in Auckland are only available for lease, so Woollen Mills gave owner occupiers and investors an opportunity to purchase a brand new building with a pre-defined specification.
“Everything about these units has been thought of. They are fully functional industrial units designed to a standard set to raise the bar,” Mr Bhana said.
Mr Hill said the smaller-sized units would be suited for purchase by either owner-occupiers or investors.
“The medium and larger-sized units could work for the likes of open-plan service operations supported by on-site design and build activities – such as custom-made kitchen or bathroom manufacturers, bespoke furniture traders, or warehousing and distribution of small goods,” Mr Hill said.
Woollen Mills is conveniently located between two major motorways – State Highway One is two kilometres to the east providing access to the north and south of Auckland, and State Highway 20 is a kilometre to the west delivering a connection to both the western reaches of the city and linking back into the CBD.