Food grade warehouse investment
Penrose, Auckland City
- Proposed Usage
- Floor Area
- 1415.00 m²
- Property ID
* 1451 sqm approx. warehouse in tightly-held Penrose
* 1627 sqm approx. land holding in a quiet cul-de-sac
* Spacious loading zone in front of warehouse
* Zoned light industry with development potential
* Fully leased with net annual income of $201,140.51 + GST
* Appeal to investors and developers
* IEP rating of 71%
* Potential for owner occupier
Premium investment property in one of Auckland' s most sought after industrial suburb of Penrose.
Comprising with warehouse, offices and apartment across multiple tenancies, MoMoTea restaurant group head office is the anchor tenant in the building, expiring in 2035 with excellent rental return.
The food grade main kitchen of Momotea located on the ground level with spacious loading area, well established office facilities providing broad room, drink bar, showroom and amenities.
The iconic property located at the center of the Penrose/Mt Wellington precinct, Being in close proximity to the southern motorway interchange and the south eastern arterial provides great access both north, south and east to Howick and surrounds.
A rare opportunity to acquire an investment property in this sought-after location. Don' t miss out !
For the related document of this property, please refer to the link below