Hardworking Penrose Investment

49-53, Maurice Road, Penrose, Auckland City

Price On Application

Proposed Usage
Floor Area
2121.00 m²
Land Area
2427.00 m²
Property ID

FOR SALE BY DEADLINE PRIVATE TREATY closing 4pm Wednesday 8th August 2018 (unless sold prior) 

Enjoying a prominent position on Maurice Road in Penrose, this hardworking property is offered to the market as a tenanted investment. 

Spread across three freehold titles (two being conjoint), the total floor area comprises some 2,121m² of net lettable area occupied by one single tenant 'Gillespie Engineering Limited'. 

In occupation for over forty years, Gillespie Engineering are well entrenched in the three buildings with the majority of the buildings made up of factory floor space. 

51-53 Maurice Road are conjoint titles, 1,221m² of which is factory with the remaining 253.38m² made up of office/amenities spread over two levels. 

49 Maurice Road is an older style building, ripe for re-develop further down the track, and sits on its own 809m² freehold title. The property's are all zoned 'heavy industry' under the Unitary Plan - a highly sought after zone by industrial occupiers. 

All due diligence information, including all lease information, can be provided by contacting the sole agents below. 

Penrose has long been considered an industry powerhouse and is one of the most established and central suburbs in Auckland. It's rich history has seen many businesses thrive due to it's close connection to the main railway line and key transport infrastructure such has SH1 and SH20 and the soon to be constructed East West Link. It has excellent access to the Airport and both the CBD and Inland Ports. Penrose has a bright future and continues to benefit from ongoing development by progressive landlords such as Goodman, Stride, Southpark, and JKGL and is now home to some of the world's largest and most successful brands in logistics and manufacturing.

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Penrose Area