74-76 Leonard Road, Penrose, Auckland Industrial Investment in popular Penrose
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Available PropertyFiles:
- Building.zip
- Information Memorandum.zip
- Record of Title.zip
- Tenancy.zip
Property Description
• Well-established occupier that has invested significantly in its operation• Long-term lease returning a net rental of $511,050pa + GST
• CPI-based rental growth mechanism and bank guarantee in place
• Freehold standalone industrial buildings
• Excellent central isthmus location, close to all transport links
An entrenched tenant that has been in occupation since 1995, with significant improvements having been made to support its manufacturing business. The tenancy covenant enhances the investment profile with a continued expectation of long-term occupation.
Comprised within two (2) standard warehouse structures, one of which is substantially open to provide storage and distribution. The adjoining structure is more intensively developed with improvements over two levels comprising lab spaces, specialist manufacturing areas, staff amenities and office accommodation.
An established and sought after industrial location in the centre of Penrose and close to Auckland's motorway network.
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Terms of Supply
The following information has been supplied to Bayleys Real Estate Limited (“Bayleys”) to be made available to any prospective interested parties for general information purposes only.Bayleys and the Vendor do not warrant the accuracy or completeness of the information and recommends that all recipients make their own enquiries to their satisfaction in all respects and seek their own independent expert advice.
Contact James Valintine Bayleys
Bayleys Real Estate Limited, South Auckland,
Licensed under the REA Act 2008
09 375 7431 021 023 71868 james.valintine@bayleys.co.nz All Listings
James is a Director in the Industrial Division with Bayleys Real Estate Limited. Since his commencement in 2010 with a primary focus on Commercial and Industrial property, he established himself as a specialist in the South Auckland Industrial sector in both sales and leasing.
His knowledge and experience gained in negotiating various sale and lease transactions in both buoyant and difficult markets has seen James become an invaluable resource and trusted advisor to long term repeat clients. Getting James involved early in a project or potential sales or leasing campaign has proven to ensure maximum values are achieved.
Having been involved in numerous property transactions, James has been in the Top 10% of Bayleys Salespeople nationwide for 2016/17, 2017/18, 2019/20 and 2024/25, and Top 5% for 2021/2022
Contact Layne Harwood
Bayleys Real Estate
Bayleys Real Estate Licensed under the REA Act 2008
+64 21 630 136 layne.harwood@bayleys.co.nz All Listings
Layne is Auckland based and one of New Zealand’s most successful brokers, in the corporate office sector.
Major cross border deals include to Deka Immobilien (146m) and Morgan Stanley ($91.3m). He has over 40 years’ experience in the commercial property industry with all transactions completed totaling over $1.5b.
Layne is a qualified valuer and previously the owner and Managing Director of Knight Frank New Zealand before selling the business to Bayleys in 2018. Layne’s contribution to the commercial property sector is impressive. He is a past president of the Property Council of New Zealand for the South Island and is a regular media commentator on commercial property matters.
Layne has very strong relationships with Corporate developers, NZ listed sector groups, key corporate investors, HNW family offices and off-shore investors who have an interest in New Zealand.
Layne will be responsible for the campaign and primary liaison with the vendor.
