17 Maurice Road, Penrose, Auckland

A Significant Penrose Freehold Opportunity

Bayleys are proud to offer for sale by way of tender, the property located at 17 Maurice Road, Penrose.

This freehold standalone property with a substantial existing building circa 2428sqm of floor area offers a unique opportunity to purchase a significant industrial zoned property in one of Auckland's most sought-after industrial and commercial locations.

The 6,392sqm freehold site is of a rectangular shape and enjoys excellent street exposure to Maurice Road and multiple access points along with currently underutilized land to the rear, provides for a range of possible development and expansion options.

The existing two-level building offers a ground floor area of 1,185sqm with a 4.5 metre stud height in part, which was previously used as production and warehousing space (currently utilised as meeting and congregation space) and a first floor of 1121sqm previously utilised as office, the building enjoys a favourable 90% (A grade) seismic rating.

Currently owner occupied by a community organisation, the property is presented and maintained to a very high standard with excellent amenities on both levels, and the vendors will consider a short-term lease back arrangement by negotiation with interested purchasers.

-6,392sqm standalone freehold site
-Two level building offering 1,488sqm total floor area
-Highly desirable and sought-after Penrose location
-A range of potential options for purchasers
-Business Heavy industry zoning

This property will appeal to a wide range of purchasers, including owner occupiers, investors, developers and land bankers, presenting a truly unique opportunity in this traditionally tightly held Auckland precinct.

For sale by tender (unless sold prior) closing at 4pm, Thursday 15th August 2019.

Please contact the sole appointed agents directly for further information and viewing arrangements.

Mike Adams
021 977 527

James Valintine
021 023 71 868

Ken Hu
021 117 7288