Colliers is pleased to be exclusively marketing for sale a standalone office/warehouse at 88 Leonard Road. Superbly located in Mt Wellington/Penrose, this property provides an opportunity for both investors and occupiers. With a short 1-year lease in place and 1x1 year right of renewal, all buyer pools should enquire now!
The improvements have a total net lettable area of 1,844m² and title comprises 4,230m² of light industry zoned land. Originally built in 1970, the property has been maintained to an excellent standard, including a large refurbishment to the office/amenities areas that took place a few years ago. The warehouse is accessible via multiple roller doors, two of which open out onto a large, fully sealed and secure yard area. The low site coverage of circa 37% is another one of the many features this property has to offer.
Leonard Road runs directly off Penrose Road on the border of Penrose/Mt Wellington. The total street frontage of this site is 81m. Directly across the road is a large Goodman estate, which long term is air-marked for redevelopment. JKGL's Leon Leicester development is just down the road and Goodman's Sky TV campus is just around the corner. Motorway access is literally 2-3 minutes away and amenity in the area is plentiful, most notably Sylvia Park shopping centre which is a short 5 minute drive away.
Get in contact with the sole agents now to make an inspection and for all due diligence enquiries.
Features:
* 1,844m² net lettable area
* 4,230m² freehold site (37% site coverage)
* 33 carparks
* Functional warehouse with access via 4 roller doors
* Central Mt Wellington location, close proximity to SH1