Prime Penrose Warehouse Opportunity

25, Walls Road, Penrose, Auckland City

By Negotiation

Proposed Usage
Floor Area
464.00 m²
Property ID

Bayleys are proud to offer the property at 25 Walls Road, Penrose which is now available due to being surplus to the current tenants' requirements, for lease (by assignment).

This modern building offers an excellent opportunity for a diverse range of tenants to secure a well presented building in this desirable and established Penrose location, which offers ease of access to transport systems, CBD and a number of surrounding commercial and residential precincts.

The building is situated on a 1,037sqm standalone freehold site and offers approximately 464sqm of high stud warehouse combined with 185sqm of office/showroom and amenities, a 55sqm canopy and 11+ car onsite parks.

The 464sqm warehouse is clear span and currently has container de-vanning approval, a dangerous goods storage area and the whole building and is presented to a very high standard, offering an excellent standard of amenities and office accommodation.

Current rental is $106,302 p.a. (plus GST and outgoings) and the current lease term is 6 years from 1 October 2017 with three (3) rights of renewals of three (3) years each.

Full details including OPEX, rent review details etc. are available upon request.

Call the agents now;

Mike Adams
021 977 527

James Hill
021 599 529

Jean-Paul Smit
021 021 61616

Enquire about this property

Penrose Area