Penrose warehouse suits owner-occupiers

4:33 PM Friday February 9, 2018 True Commercial

The 4956sq m property at 3 Goodman Place identified by a blue border. Photo / Supplied

A freehold warehouse for sale in Auckland’s tightly held Penrose is an ideal opportunity for owner-occupiers who may have been struggling to find a centrally located industrial property, brokers say.

Colliers International’s industrial sales and leasing directors Todd Kuzmich and Hamish West are marketing the 4956sq m property at 3 Goodman Place, which is for sale by deadline private treaty.

Offers on the property — featured in the latest Colliers Portfolio, released this week — close on Wednesday March 14, unless sold earlier.

Kuzmich says the bulk of the property is available for immediate occupation by a new owner-occupier.

“This is an excellent opportunity for owner-occupier buyers, many of whom have been struggling for a long time to find anything like this for sale on the market,” Kuzmich says.

“The property also has minor short-term tenancies, which would provide a useful holding income for add-value investors seeking a new long-term tenant.”

Centrally located within the popular Penrose industrial precinct, the property comprises a tidy standalone warehouse with a large yard and a desirable low office to warehouse ratio.

“The 2792sq m warehouse has a generic layout suitable for a wide range of uses,” Kuzmich says.

“The property is zoned for Heavy Industrial use, making it ideal for activities that may produce objectionable odour, dust and noise emissions.”

West says the established Penrose industrial precinct remains popular due to its ease of access.

“It is close to State Highway 1, relatively near the CBD, within 3km of Auckland International Airport via SH20, and is close to the nearby labour pools of Onehunga, Mt Wellington, Ellerslie, and Greenlane.

“This accessibility makes it an industrial hot spot for tenants, owner occupiers and investors.”

West says the warehouse is of solid construction and has a high new building standard (NBS) rating. Its surrounding yard provides a large area for external storage and the ‘de-vanning’ of containers.

“The minor short-term tenants provide flexibility for a new occupier, with growth plans and holding income for an investor,” West says.

“With vacancy rates at record lows in the Penrose area this property will be in high demand.”