28A-32 Airdrie Road, Ranui, Auckland

Colliers is pleased to present 28A-32 Airdrie Road, Ranui, a substantial 3.28ha industrial landholding offering immediate holding income and significant long-term value-add potential.Comprising two Light Industry-zoned titles of approximately 18,200sqm and 14,800sqm, the property is currently occupied by multiple yard tenants and generates holding income of approximately $677,000 per annum plus GST. The site's flexible zoning, predominantly hardstand yard areas, and favourable lease structures provide investors, owner-occupiers and developers with a compelling opportunity to enhance income, reposition the asset, or undertake future redevelopment.Adding further scale, there is potential to acquire three adjoining titles with residential improvements, creating a larger strategic landholding and offering future boundary realignment and redevelopment opportunities, subject to council approval.Positioned within Auckland's established north-west industrial precinct and benefiting from proximity to Ranui Train Station and key transport routes, this offering represents one of the most affordable large-scale industrial land opportunities currently available in the market.Key Features:Significant 3.28ha industrial landholding across two titlesBusiness - Light Industry zoning allowing a wide range of industrial usesCurrent holding income of approximately $677,000 p.a. + GSTMultiple yard tenancies with redevelopment provisions across most leasesPotential to acquire three adjoining titles for future land aggregationScope to increase income, reposition existing improvements or undertake redevelopmentStrategic West Auckland location with strong long-term industrial land fundamentalsThis is a rare opportunity to secure a scale industrial asset with current cash flow, flexible land use options, and multiple avenues for future value creation. Features: Rare 3.28ha industrial landholdingReturning circa $677,000 p.a. + GSTBusiness – Light Industry zoningMultiple income-producing yard tenanciesPotential to acquire three adjoining titles More information: https://www.colliers.co.nz/p-NZL67041756