Central Penrose - Occupy or Invest!

Penrose, Penrose, Auckland City

Price On Application

Proposed Usage
Industrial
Floor Area
3509.00 m²
Description:
Property ID
1c43y66



Calling all occupiers and investors - here is your chance to secure 4,299m² of freehold land with 3,509m² of building area in central Penrose. 

For Owner Occupiers - there is the ability to take the whole building which would give you the following floor areas; 

- 2,194m² warehouse

- 249m² lower stud workroom

- 205m² showroom/reception

- 522m² first floor office 

- 309m² Additional mezzanine and amenities 

- 900m² approx yard space 

Holding income is also available. 

Currently returning $275,000 with 1,136m² of vacant warehouse this building has an assessed market rental of approximately $400,000 net p.a plus gst when fully leased making it a strategic investment given its prime location, ability to be multi-tenanted and overall presentation of the property. 

Call the agents now to arrange an inspection right away

Enquire about this property

Penrose Area