40 Olive Road, Penrose, Auckland Industrial with upside – occupy or add-value
Tweet
Available PropertyFiles:
- LIM report.zip
- Olive Road 40_Information memorandum_Dec 2025.pdf
- Property file.zip
- Record of title.zip
Property Description
Key features:• 1,035sqm (more or less) prime freehold landholding zoned Business – Light Industry
• Versatile warehouse with multiple roller doors
• Flexible layout – ideal for single or dual occupiers
• Equipped with three-phase power and gantry crane
• Excellent street frontage with off-street parking and yard area
• Vacant possession – owner-occupiers and value-add investors should inspect
Bayleys are proud to present 40 Olive Road, Penrose for sale by way of Deadline Private Treaty — a unique and strategic opportunity available for the first time in over 30 years.
Positioned on a 1,035sqm freehold landholding with approximately 35 metres of road frontage, this standalone industrial building comprises minimal office and amenity with warehouse space spanning across three adjoining bays, each with their own individual roller door access.
For owner-occupiers, this is a chance to secure your own versatile industrial premises in one of Auckland’s most tightly held industrial precincts — with scope to tailor the layout to your operational needs.
For add-value investors, the property presents significant upside through refurbishing, reconfiguring, or securing multiple tenants to maximise return.
This is an opportunity that is seldom available in the Penrose market. Call today for more information or to discuss your detailed property requirements.
Please fill in the form below and we'll email you a link to download the PropertyFiles, instantly.
Contact Jean-Paul Smit
Bayleys Real Estate Ltd, South Auckland
Licensed under the REA Act 2008
09 309 6020 021 021 61616 jean-paul.smit@bayleys.co.nz All Listings
With over a decade of experience at Bayleys, JP is a highly regarded member of the Bayelys Central Industrial team, specialising in industrial properties throughout the central Auckland corridor.
JP has built a reputation as a trusted advisor to a wide range of clients—from owner-occupiers and tenants to investors and developers, with a strong work ethic and clear, consistent communication.
Leveraging the strength of the Bayleys brand, he works collaboratively with his team utilising Bayley’s extensive, qualified databases and the company’s market-leading resources. This integrated approach ensures clients receive the best possible exposure and results in every campaign.
Outside of real estate, Jean-Paul has been a dedicated member of the Piha Surf Lifesaving Club for over 15 years and has proudly represented New Zealand in surf lifesaving on multiple occasions. He also enjoys spending his downtime on the golf course and is a member of Royal Auckland & Grange Golf Course.
Whether you're buying, selling, or leasing industrial property, Jean-Paul combines local knowledge, a string work ethic, professional insight, and a personal commitment to deliver results you can rely on.
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
