2-8 Maurice Road, Penrose, Auckland City, Auckland Lessor's interest in 1.2953ha prime Penrose land

Available PropertyFiles:

  • LIM Report.zip
  • Lease documentation.zip
  • Photos.zip
  • Planning advice.zip
  • Property File.zip
  • Title and interests.zip

Property Description

• Lessor's Interest returning $796,277pa net + GST
• Significant 1.2953ha freehold landholding in Central Penrose
• Perpetually renewable 21-year lease term

Located minutes from both State Highway 1 and State Highway 20, this substantial landholding is a once-in-a-lifetime offering.

For sale is the Lessor's Interest on a freehold site of 1.2953ha zoned Light Industrial. After a recent ground rent review, the site returns $796,277pa net + GST with nine
years remaining of the perpetual 21-year lease structure. The subject property boasts over 150m of frontage to Maurice Road and is positioned in the middle of Penrose, the industrial heartland and geographic centre of Auckland.

Lessor's Interests are a rare opportunity, providing a solid income stream with no CAPEX requirements.

Land with income, the ultimate investment.

Please fill in the form below and we'll email you a link to download the PropertyFiles, instantly.


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 Sunil Bhana

Bayleys Real Estate Limited

Licensed under the REA Act 2008

09 375 8438   021 938 660   sunil.bhana@bayleys.co.nz   All Listings

In 2017 Sunil was promoted to the role of managing Bayleys Central and West Auckland Industrial Sales and Leasing Team, a high performing, experienced, group who work together in a collaborative environment to ensure the best client outcomes are achieved.

Sunil joined Bayleys in 2001 having completed a Bachelor of Commerce and a Bachelor of Property at the University of Auckland. Initially focussing on the industrial sales and leasing market in Penrose and Mt Wellington, Sunil established an excellent grounding operating in both buoyant and difficult markets and learning the skills required to bring a deal together.

As a senior broker, Sunil has continued to service the Auckland Industrial market as well as completing other commercial, industrial and special projects throughout New Zealand working in conjunction with Bayleys National network of agents.

Sunil’s personable approach and hard working attitude has lead the conclusion of a significant number of transactions in leasing, vacant, investment and land sales. Sunil is motivated and results oriented, and provides a professional approach to property marketing, possessing the attention to detail essential to the smooth running of a marketing campaign.

Sunil has been awarded Bayleys’ Staff Recognition and Ian McHardy Recognition Awards in acknowledgement of his contribution and commitment to the Bayleys Company and has consistently featured amongst Bayleys top performing agents, regularly positioned in the top 10% of Bayleys Salespeople nationally.


Contact Greg Hall

Bayleys Real Estate Limited

Licensed under the REA Act 2008

09 309 6020   021 0232 1884   greg.hall@bayleys.co.nz   All Listings

Armed with a degree in finance and accounting from the University of Otago, Greg is an integral part of the Bayleys Central & West Auckland Industrial Sales and Leasing team.

Greg is working at the forefront of Commercial and Industrial property throughout Auckland and his enthusiasm for all things property and business are reflected in his dedication to the role, including keeping abreast of current trends and market conditions.

Greg believes a strong client and agent relationship is key to any transaction, and paired with his hardworking attitude has lead to the conclusion of a substantial number of transactions in leasing, investment and vacant sales.

Greg thrives on the fast-paced environment and is not one to shy away from a challenge. He works with confidence and transparency and believes clear communication is fundamental to building strong business relationships.