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The opportunity

Freehold industrial land available for sale in the highly popular precinct of Penrose is incredibly rare.

Features

Massive 7.0579ha land holding
Heavy Industry zone
2 rail slidings
Holding income
Preeminent location
Huge power supply
Flat site

Contact Greg Goldfinch on +64 21 537 682 for more information.

Highlights

Massive 7.0579ha Land Holding & Heavy Industry Zone

It’s been nearly two decades since an industrial site of this scale, ready for redevelopment, was offered for sale. Totalling 70,579m² and zoned Heavy Industry, the site offers holding income by way of a leaseback of six to twelve months, meaning an incoming owner-occupier or developer can receive income while master-planning the development.

Additionally, the site has two rail sidings that enter the site off the main rail trunk line, adding huge value for an occupier who can utilise rail.

Preeminent Location

The site is ideally located on Hugo Johnstone Drive, Penrose in the heartland of Auckland, the powerhouse of the New Zealand economy. State Highways 1 & 20 are both within five minutes’ drive.

This opportunity may not come again for another 20 years, so cannot be ignored. The geographical spread of industrial property precincts across Auckland continues in all directions north, west and south, due to the lack of freehold land in the more central Auckland locations. This trend will only continue, as will the demand from industrial occupiers to be central if at all possible. For these reasons, 39 Hugo Johnstone Drive, Penrose is too good and unique of an opportunity to be missed so book your site tour now!

The agent

Greg Goldfinch

National Director | Industrial

+ 64 21 537 682

Licensed under the REAA
2008

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Location

Sales process

Deadline Private Treaty 11th Jun 2025 16:00:00 (Unless sold prior).

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