Trophy Standalone Industrial Investment


176-178 Station Road, Penrose

By Negotiation

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Trophy Standalone Industrial Investment | 176-178 Station Road, Penrose | 1689906 |      X Close
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Trophy Standalone Industrial Investment


• Ten (10) year lease to a national tenant, Ideal Electrical, returning $266,780pa +GST with built in annual rental growth

• Superbly redeveloped and refurbished building

• A total of 1,622sqm of freehold land in two titles

• Extremely well located property situated on a high profile main arterial

The property features a high profile fully refurbished office/showroom utilised as a trade retail branch with a brand new tilt slab warehouse at the rear, fully leased to Rexel New Zealand Limited trading as Ideal Electrical.

The impressive office and showroom/trade retail sits to the western road frontage of the site providing excellent exposure. The property is very conveniently located only 2kms (approximately) from the SH1 Penrose motorway interchange.

Positioned in the heart of Penrose and leased long term, this rebuilt and fully refurbished property provides an ideal bottom drawer investment.

For sale by way of Auction (unless sold prior) - date to be advised

Bayleys House, 30 Gaunt Street, Auckland Central

For further information please contact the sole agents:

James Valintine

021 023 71868

james.valintine@bayleys.co.nz

James Hill

021 599 529

james.hill@bayleys.co.nz

Sunil Bhana

021 938 660

sunil.bhana@bayleys.co.nz

176-178 Station Road, Penrose

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