4-6 Sims Road, Penrose, Auckland 10-year triple net lease - Penrose industrial
TweetAvailable PropertyFiles:
- /Information Memorandum/
- Sims Road 4-6_Approved IM_Nov 2024.pdf
- /LIM Report/
- Sims Road 4-6_LIM Report_Nov 2024.pdf
- /Lease Documentation/
- Deed of Lease.pdf
- /Property File/
- Sims Road 4-6_Property File.zip
- /Record of Titles/
- Sims Road 4-6_Title_NA136D744_02.10.2024.pdf
- Sims Road 4-6_Title_NA154942_18.10.2024.pdf
Property Description
Key features:• 10-year triple net lease to an established tenant
• Fixed annual 2.5% rental growth and uncapped market reviews every five years
• Modern office accommodation and warehouse space with multiple roller doors
• Prime Penrose location with excellent proximity to transport networks
Situated in the heart of Penrose, the property offers a fantastic industrial investment opportunity. Comprising four warehouse bays, associated office spaces, and a concrete yard, the property presents to a high standard.
Currently leased to Harvey Furnishings on a 10-year triple net lease, this property offers stable cash flow with fixed 2.5% annual rental growth and market reviews every five years. The lease also includes a 12-month bank guarantee, further enhancing the security of the investment.
Penrose remains one of Auckland’s most sought-after industrial locations, with excellent access to major transport routes, including State Highway 1. This strategic location ensures long-term tenant demand and capital growth potential for industrial real estate. With its strong lease covenant and central location, 4-6 Sims Road is an exceptional opportunity for astute investors.
For more information, please contact:
Sunil Bhana
+64 21 938 660
sunil.bhana@bayleys.co.nz
James Valintine
+64 21 023 71868
james.valintine@bayleys.co.nz
Mike Houlker
+64 21 945 927
mike.houlker@bayleys.co.nz
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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 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 James Valintine Bayleys
Bayleys Real Estate Limited, Manukau
Licensed under the REA Act 2008
09 375 7431 021 023 71868 james.valintine@bayleys.co.nz All Listings
James is a Senior Industrial Broker with Bayleys Real Estate Limited. Since his commencement in 2010 with a primary focus on Commercial and Industrial property he has quickly 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 and 2017/18.