A modern office floor in the Auckland suburb of Penrose is being presented to the market for sale and is available with vacant possession.
101C Station Road, Penrose has 583sq m of floor space and the stratum in freehold property is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
Given the property is currently vacant, the new owner could make immediate plans for the office floor and set up their operations quickly.
Alternatively, investors will see the appeal of the property and may look to lease it out given Penrose’s reputation as a key commercial and industrial hub in Auckland that is home to a number of prominent firms.
Start your property search
Market estimates from Colliers suggest the floorspace could be leased for approximately $167,000 plus GST and operating expenses per annum.
The property comes with 17 dedicated car parks providing convenience for occupants, while the Penrose train station is in walking distance and several bus routes service the area. Great South Road is only moments away and the motorway network is easily reached.
Colliers Brokers Logan Roach, James Dickey, and Jimmy O’Brien have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Tuesday 26 March, unless sold prior.
The property has a mixture of open spaces and separate meeting rooms and offices. It sits on the second floor of a three-storey building.
Roach, Investment Sales Broker at Colliers, says the property is an appealing and well-presented offering.
“The office space is highly functional and the ability to secure it with vacant possession means the potential new owner could move quickly to begin trading,” Roach says.
“Investors may view this as an ideal opportunity to acquire the asset and tenant it to make the most of the steady rental stream that could be realised through leasing it.”
The location of the property holds appeal as it is highly accessible, and Auckland’s CBD is only 15 minutes away. The Auckland Airport can also be reached in a similar time.
With a range of amenities nearby, Mount Wellington and the retail hub of Sylvia Park is also only a short drive away. Onehunga, one of the city’s major industrial precincts, is close by offering further connections to industrial and commercial businesses.
Dickey, Industrial Sales Broker at Colliers, says Penrose is a desirable location for firms and is populated by a number of well-known operators.
“Government data also notes the Onehunga and Penrose catchment contributes 8 per cent of Auckland’s GDP, which is measured at approximately $4.6 billion per annum,” Dickey says.
“The area has long been an important contributor to the growth and commercial development of Auckland.”
O’Brien, Director at Colliers Auckland North, says the combination of being able to acquire a property with vacant possession in a sought-after commercial location makes for an enticing purchasing opportunity.
“This modern and functional office floor will generate strong interest across owner-occupiers and investors, and we encourage all interested parties to contact us immediately to explore their options,” O’Brien says.
- Supplied by Colliers
