Positioned for performance in one of Auckland’s fastest-growing urban industrial corridors, a standalone facility in Silverdale blends holding income with near-term flexibility, offering a compelling play for investors and future-focused occupiers, Bayleys brokers say.

Bayleys North Shore director Matt Mimmack says the property is set on a substantial freehold site of 4,979sqm (more or less), sustaining modern, high-stud warehousing and well-appointed offices, currently split across two tenancies generating more than $515,000 in net annual income.

“With leases expiring in 2025 and 2026, there is scope to reposition or reconfigure the asset in line with evolving market demand in an area experiencing an upswing in tenant demand,” he says.

Mimmack is marketing the property at 20 Peters Way for sale by deadline, closing at 4:00 pm on Thursday, 24th July 2025 (unless sold prior), alongside Bayleys colleagues Graeme Perigo and Christopher Moore.

Constructed in 2003 and refurbished to high specifications in 2010, the 2,828sqm (more or less) premises are positioned on an elevated Business - Heavy Industrial zoned site.

“With a warehouse-to-office ratio of more than 80 percent and stud heights reaching 9.5m at the apex, the facility has been designed for efficiency to support a broad range of industrial uses.

“Combining scale and functionality in a strategically positioned growth node, the property offers immediate holding income with flexibility to reposition or occupy in the near term.

“With population growth in surrounding residential areas, including Millwater and Milldale, driving demand for logistics, warehousing and commercial services, Silverdale is attracting a growing number of large-format occupiers, making it a timely opportunity for investors and owner-occupiers seeking future-ready industrial assets.”

Packaging supplier Caspak and wholesaler Tollesbury Enterprises fully occupy the premises with expiring lease arrangements and no rights of renewal, which the brokers say offers flexibility without extended lease encumbrance.

Building features include three roller door access points, an extensive three-phase power supply, secure fencing and gate access, and a designated expansion yard on the southern boundary.

The property also features 36 car parks, container drop zones and an efficient layout that lends itself to warehousing, distribution, or light manufacturing.

“This is undoubtedly a future-ready asset with the bones to support growth,” Bayleys Commercial in the North director Graeme Perigo says.

“Versatility in the current configuration, in addition to high-stud clearance, and flexible lease structures, make it well-suited for businesses aiming to expand operations, consolidate space, and leverage the rapidly growing residential catchment and substantial recent infrastructure investment throughout Northern Auckland.

“Strategically located minutes from State Highway 1 and 16, the property benefits from efficient access across Auckland via the northern and western motorway interchanges. The property is also proximate to the Hibiscus Coast ‘Park & Ride’ transport hub, and a range of retail, schooling and lifestyle amenities.

“As demand shifts north, scalable industrial properties with flexible lease profiles and strong fundamentals have become increasingly sought-after, and we expect to see strong enquiry from those eager to secure long-term value with options to move quickly,” Perigo says.