3, Southdown Lane, Penrose, Auckland City
- Proposed Usage
- Floor Area
- 970.00 m²
- Land Area
- 1811.00 m²
- Auction Date
- 11:00 - Jun 26, 2019
- Property ID
• Ground lease auction
• Purchaser to pay $730,000 for improvements
• 970sqm standalone industrial building
• Central Penrose location
Parties will be bidding on the annual leasehold ground rent with a starting bid and reserve of $53,600pa, the successful bidder will have to pay a fixed price for improvements of $730,000. This is a 21 year lease term perpetually renewable and subject to 7 yearly reviews, the most recent being in 2016. Lease terms are available upon request.
The property comprises of a standalone industrial building with two levels of office accommodation and a 753sqm warehouse accessed by two roller doors at the front of the property, there is also a significant car park/yard to the front.
This property is located just off Great South Road, in a sought after industrial area.
021 537 503
021 023 71868