CBRE: Penrose Land Bank with Income

Penrose, Auckland City

By Negotiation

Proposed Usage
Floor Area
5296.00 m²
Property ID

This high profile Penrose site has been occupied by the existing owners for over a decade.

One of the most recognisable locations in the area, with 2,354sqm of warehouse / showroom split over two buildings situated on a 5,296sqm site.

Perfect for any investors seeking a secure high quality tenant. Further to this, the site also has strong development potential for the future helping to make this site one of the most attractive investment opportunities on the market in Penrose today.

With already strong interest in the site dont hesitate to contact the Sole Agents.

Key details:
- New six year lease
- $350,000 p.a with fixed annual increases
- High profile prime site in Penrose
- Corner of Great South Road and Station Road
- Close to train station
- Future development potential

Key areas:
- 2,354sqm warehouse/showroom
- 339sqm office and amenities
- 750sqm yard
- 5,296sqm land

Penrose is an industrial hub of Auckland. The region consists of a mix of Light & Heavy industrial zoning which in turn attract a range of industrial sectors. Penrose has excellent access to both State Highway 1 and 20 and is located within 13kms of both the Auckland CBD and Auckland International Airport.

For more information or to arrange a viewing
Please contact our agents and quote the Listing ID

Alex Hopkinson
021 071 5244 or (09) 573 3333


Scott Soroka
021 283 8480 or (09) 573 3333

Listing ID: 1968727Q3

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Penrose Area