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860-862 Great South Road, Auckland

Prime industrial location with lease to multi-national tenant and industrial warehouse development

Located in arguably New Zealand’s pre-eminent industrial precinct and bordered by the main arterial Great South Road and the Southern Motorway, this substantial property benefits from sought-after heavy industrial zoning and provides both income and a development opportunity.

The property at the rear of the site is tenanted by Graphic Packaging, a subsidiary of the NYSE listed company. Rental growth is provided through a mix of fixed 3.5% per annum and 4-yearly market reviews from 2023.

We partnered with Flower Systems Limited to design and build a purpose-built facility on the 4,893m2 land that fronts Great South Road. The facility comprises of a warehouse, showroom, office and 28 car parks, with Flower Systems taking occupation in July 2023.

862 GSR v1

Asset summary

 

Property typeIndustrial, new build expected to be complete Q2 2023
WALT3.8 years
Site area19,187 sqm
Net lettable area9,541 sqm