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A Significant Penrose Freehold Opportunity


17 Maurice Road, Penrose

Tender

Property ID#a090W00001hpo7Q


Tender (unless sold prior) closing 4pm, Thursday 15 August 2019

This freehold standalone property with a substantial existing building circa 2428sqm of floor area offers a unique opportunity to purchase a significant industrial zoned property in one of Auckland's most sought-after industrial and commercial locations.

The 6,392sqm freehold site is of a rectangular shape and enjoys excellent street exposure to Maurice Road and multiple access points along with currently underutilized land to the rear, provides for a range of possible development and expansion options.

The existing two-level building offers a ground floor area of 1,185sqm with a 4.5 metre stud height in part, which was previously used as production and warehousing space (currently utilised as meeting and congregation space) and a first floor of 1121sqm previously utilised as office, the building enjoys a favourable 90% (A grade) seismic rating.

Currently owner occupied by a community organisation, the property is presented and maintained to a very high standard with excellent amenities on both levels, and the vendors will consider a short-term lease back arrangement by negotiation with interested purchasers.

  • 6,392sqm standalone freehold site
  • Two level building offering 1,488sqm total floor area
  • Highly desirable and sought-after Penrose location
  • A range of potential options for purchasers
  • Business Heavy industry zoning

This property will appeal to a wide range of purchasers, including owner occupiers, investors, developers and land bankers, presenting a truly unique opportunity in this traditionally tightly held Auckland precinct.

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