An industrial building in the Auckland suburb of Penrose is available for sale or lease, giving prospective purchasers or tenants the opportunity to secure space in one of the city’s premium industrial hubs.
Located at 18 Greenpark Road, the property has 1,339sq m of total net lettable area on a 1,950sq m freehold site.
The flexible layout of the building includes warehouse, office, showroom, and mezzanine storage space with dual roller door access providing convenience for the occupants. The generous yard has 25 car parks and space for container set down.
The property, which is available with vacant possession, is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
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Colliers Brokers Rory Donovan, James Dickey, and Ben Cockram have been exclusively appointed to market the property for sale or lease via deadline private treaty closing at 4pm on Wednesday 7 October, unless sold prior.
The property comprises 622sq m of warehouse space that is supported by a 388sq m office and additional showroom and office space on the ground floor that spans 208sq m.
Donovan, Industrial Sales Broker at Colliers, says the asset benefits from its strong street appeal and excellent profile.
“The existing configuration of the property is a key selling point as its range of functional spaces provides flexibility for the incoming occupant and would suit a diverse array of commercial and industrial uses. The conveniently sized yard and generous parking allotment are an additional advantage,” Donovan says.
“With vacant possession, the new owner or tenant can move quickly and for owner-occupiers this may be the opportunity they have been seeking to secure a coveted Penrose address.”
The lure of Penrose for commercial and industrial firms is driven by its central location that provides ease of access to the motorway network, Auckland Airport, and inland ports.
Dickey, Associate Director of Industrial at Colliers, says Penrose is home to some of New Zealand’s most recognisable businesses.
“The Penrose area continues to grow in popularity, and the subject property is less than 1km from State Highway 1, providing connectivity to all corners of the city. The main arterial routes of Station Road and Great South Road are also nearby,” Dickey says.
“The suburb provides a wide array of amenities while neighbouring Mount Wellington offers access to the Sylvia Park retail hub, one of New Zealand’s largest shopping centres.”
Cockram, Director of Industrial at Colliers, says the incoming occupant will be able to establish a presence for their business operations in a prime industrial hub that is characterised by low vacancy rates.
“There is an opportunity for owner-occupiers, tenants, and investors to secure space in a well-serviced location,” Cockram says.
“This property offers genuine occupier and investment appeal.”
- Supplied by Colliers
