176-178 Station Road, Penrose, Auckland

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