Industrial Cash Cow

9, Prescott Street, Penrose, Auckland City

Price On Application

Proposed Usage
Industrial
Floor Area
4684.00 m²
Land Area
5623.00 m²
Description:
Property ID
1c393rx



On offer is a freehold 4,684m² office and warehouse ‘cash cow’ with new leases to two top class tenants returning $646,195 net pa + GST.

The building has been refurbished to a high standard including corporate grade office space and meticulously maintained by a long time owner occupier. The building is part occupied by Reynolds Group on a 6 year lease,  with Australian based telecommunications company Universal Communications Group signed up on a new 5 year to occupy to balance of the space.

Located in always soughtafter Penrose, the building is situated on a freehold 5,623m² parcel of land. The area is well serviced by public transport and there is also 77 carparks onsite, including a 32 space underground carpark. Investors seeking higher yielding investments should inspect immediately.

Enquire about this property

Penrose Area