SOLE AGENCY
For Sale by Auction at 11am Thursday 13th March 2025 (unless sold prior)
Modern industrial investments in Penrose rarely present themselves so snatch up this opportunity today!
- Returning $130,000 net p.a + opex + gst to a tenant who has been in business over 30 years
- Net lettable area of 587m² with 413m² of that being high stud, tilt slab warehouse
- Immaculate offices over two levels with amenity featured on each
- Regular rent reviews and a bank guarantee are included in the lease agreement
- Highly prized location in north Penrose, located in a complex just off Walls Road!
Penrose is often referred to as the gold prize of industrial locations in Auckland. It's central position is always a drawcard with occupiers and vacancy continues to sit at very low levels. Furthermore, the modern and generic configuration of this industrial building adds to the overall appeal making this a great asset to have in your investment portfolio
Get in touch with the sole agents for an inspection and all due diligence information.
Photos taken prior to tenancy.
Features:
* A-grade and modern industrial building
* Net Lettable area of 587m² with 12 carparks
* Highly prized position in North Penrose
* Discreet but easily accessible and popular complex
* Returning $130,000 net p.a + opex + gst