Boasting ample storage space, double access points, and proximity to motorways and major arteries, this is a significant commercial investment.
News release
15 September 2023
Versatile industrial property in key fringe location
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After 36 years of ownership, this highly sought-after industrial property is now on the market for sale exclusively by JLL. Located in the heart of the Onehunga industrial precinct, 278 Church Street is a tenanted investment that presents a rare opportunity for investors seeking consistent returns. With a favourable office-to-warehouse ratio and strategic accessibility, this property offers versatility to businesses and owner-occupiers looking to establish or expand their operations and offers stable returns for investors looking for an opportunity in a prime Auckland fringe location.
Boasting a commanding presence, 278 Church Street, Onehunga caters to a range of business needs. The property sits on a freehold site of 2,388 sqm (more or less) and features a 1,588 sqm building, providing ample space for operations. The high-stud warehouse, featuring two large roller doors, allows seamless access for logistics purposes, while an additional low-stud area in the front of the building offers further storage space.
278 Church Street, Onehunga is now on the market for sale by Deadline Private Treaty, closing 4pm 21st of September 2023, unless sold prior.
278 Church Street, Onehunga is a versatile site in a key corridor that services Auckland and beyond.
JLL Logistics and Industrial Senior Director, Jeremy Barnett, highlights the versatility of the site as a key drawcard to this property.
“The sizeable office and warehouse space, logistics access, and large, secure yard combine to create the ultimate flexible solution for a business seeking a prime Auckland location,” says Barnett. “The yard in particular is currently used as additional storage and container access, and also allows for further off-street parking for occupiers or visitors to the property.”
Beyond the versatility of 278 Church Street, JLL Logistics and Industrial Associate Director, Danny Guise, points to the current established tenant as an additional feature for investors.
“The property is currently tenanted by Ultimate Solutions, a nationwide provider of specialised equipment for surface protection, PVC hoardings, tapes, packaging, and dust and noise control,” says Guise. “The tenant is established and reputable, adding stability to the investment for the astute buyer, returning $280,000 plus GST per annum.”
The prime location of 278 Church Street is a factor that investors and owner-occupiers cannot ignore, as pointed out by JLL Head of Logistics and Industrial, Jolyon Thomson.
“Situated in a prime Onehunga location, this property benefits from excellent profile and convenient access to major arterial routes and motorway systems, making it an attractive proposition for tenants,” says Thomson. “This strategic positioning enhances the property's appeal and potential for a range of business activities. Double access points from Church Street and Furley Place enhance the versatility of the site and ease of use for occupiers.”
On a large site, featuring flexible design, and boasting excellent accessibility, 278 Church Street, Onehunga offers businesses the opportunity to tailor operations to meet their specific needs. Its prime location, Business - Light Industry zoning, and 100% NBS rating further contribute to its desirability and long-term potential for owner-occupiers and investors alike. With a reliable tenant in place and solid returns, this property is an obvious choice for the future-thinking buyer.
Contact the sole agents at JLL now to arrange a viewing and secure this unique industrial investment.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.