Colliers have been exclusively appointed to market for sale this simple industrial offering that has something for everyone. occupy or invest, capitalise almost immediately with the upcoming rent review, or plan your next move. This is being sold via Auction on Wednesday 14th July 2021 (unless sold prior)
- Final expiry on 31 Sept 2022 means this will suit owner occupiers and investors
-Market rent review due 1 October 2021
-680m² NLA with an 82.5% warehouse-office ratio
-1,050m² freehold site zoned Light industry
-Secure front yard for parking and container de-vanning
On the market for the first time in 15 years comes this well configured and presentable warehouse with small office on one of Penrose’s most tightly held streets. The warehouse measures 560m² and has three phase power throughout. The office/amenities are in a tidy condition, having last been refurbished in 2013. The ground floor features two bathrooms, a small lunchroom and additional office area. The upstairs includes three small offices and a mezzanine area for additional storage. The front secure yard provides valuable off-street parking and container set down ability.
The fee simple, 1,050m² freehold title is of a regular shape and is zoned Light Industry, permitting a wide range of industrial uses.
It’s currently leased to Gilt Edge who have a final expiry coming up 30 September 2022, making this a must view for owner occupiers and investors alike. Furthermore, a market review due 1 October 2021 creates the ability to potentially enjoy a market level rent for the last remaining year of the lease.
Fairfax Avenue benefits from a supreme location and is arguably one of Auckland’s most sought after industrial locations due to it’s motorway connectivity and central position within the context of Auckland’s wider geography.
Viewings are strictly by appointment only so contact the sole agents to arrange an inspection.
Ref #: 20745334