A high-exposure industrial facility in the heart of Onehunga presents a rare opportunity for owner-occupiers and add-value investors to secure a strategic, vacant site with immediate upside in one of Auckland’s most tightly held industrial precincts.

Bayleys South Auckland director James Valintine is marketing the freehold property at 100 Neilson Street for sale by deadline, closing at 2:00 pm on Thursday, 14th August 2025 (unless sold prior), alongside colleague James Hill.

Positioned on a prominent 5,216sqm (more or less) corner site with dual street frontage to Neilson and Galway Streets, the property offers significant visibility and branding potential.

Valintine says the circa 3,142sqm industrial facility comprises high-stud warehousing and a two-level office component with favourable zoning provisions under its Business – Light Industry categorisation.

“Now predominantly vacant, the asset offers flexible occupation options, with only a small portion leased to short-term office tenants returning $56,000 net per annum plus GST.

“This holding income provides short-term cash flow while leaving most of the property open for immediate use, repositioning or redevelopment.

“It is a rare blank canvas in a location where supply is virtually exhausted. The corner profile and scale offer a strong foundation for businesses seeking prominence or for investors looking to refurbish or reconfigure a large-format site in a location where demand continues to outstrip supply.”

He says the property’s fundamentals are further supported by the precinct’s connectivity and long-term growth trajectory.

“Onehunga remains one of Auckland’s most strategically located industrial zones, benefiting from continued investment in roading and infrastructure, as well as strong occupier demand from the logistics, distribution and trade sectors.”

Bayleys South Auckland director James Hill agrees that the location is a standout feature, providing immediate access to the CBD, surrounding precincts, and Auckland International Airport, with improved journey times via the Waterview Tunnel and the broader motorway network.

“Access to both State Highway 20 and 1 within minutes makes this a strategic base for logistics and last-mile distribution. With the Waikato Expressway further strengthening connections to the Golden Triangle – New Zealand’s primary logistics and distribution network - Onehunga is increasingly sought after amongst occupiers requiring proximity and accessibility for logistics, warehousing, light manufacturing or trade-oriented operations.

“Onehunga’s continued industrial resilience is underpinned by tight vacancy levels and its central location, making it one of the most competitive precincts in the region.

“With elevated costs to build, actively zoned land in short supply, and scarce availability of comparable landholdings, sites of this scale and flexibility are increasingly rare. The subject property is additionally bolstered by the potential to add value through refurbishment, full or partial occupation, or longer-term redevelopment, subject to obtaining the necessary council consents.

“It is a genuine opportunity to secure an enduring industrial foothold with scale and strategic advantage in a market where opportunities are few and far between.”