Standout Tenanted Investment

25, Walls Road, Penrose, Auckland City

Auction

Proposed Usage
Industrial
Description:
Property ID
1bzm86v

- New six year lease to well established tenant in this location
- Returning $106,302 + GST p.a. (net) with a new lease from 01/10/2017
- 1037sqm freehold site with excellent street frontage to Walls Road
- Modern low maintenance multi purpose building, with high stud warehousing

Rarely do strategic investment properties such as this come to the open market in today's tightly held market place.

This modern building was constructed circa 2007 of quality materials and the well established occupier with strong international brand connections has been in occupation since completion. Offering a standalone freehold site with excellent street exposure in one of Penrose's highly sought after commercial precincts, this property ticks the boxes for investment buyers.

All viewings are strictly by appointment with the sole appointed agents and all details are contained within the comprehensive information memorandum which is available upon request.

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Penrose Area