Tenanted Investment – Food Grade Industrial

For sale with a brand new lease, Units 3–4, 10 Olive Road presents a functional investment in the heart of Penrose’s established industrial precinct.
The property is setup with a food-grade fit-out and offers a range of features suited to the tenant’s operational requirements, including a substantial 160-amp three-phase power supply, seven allocated car parks, container drop capability, and convenient drive-around access throughout the site.

With a high warehouse-to-office ratio, the property maximises usable floor space and provides an efficient layout for industrial and distribution operations.

The investment is underpinned by a brand new lease, with annual CPI rental increases and market rent reviews dates. The well-established tenant already operates from another premises on Cain Road and will utilise this site at Olive Road as its second Penrose location and distribution centre, providing a strong operational fit for the property.

Key features:
• Brand new lease
• Annual rental increases
• Market rent review on renewal
• Fully food-grade fit-out
• Floor Area: 264m²
• 160-amp three-phase power
• Seven allocated car parks
• Container drop capability
• Drive-around access
• High warehouse-to-office ratio
• Established tenant with existing Penrose operation

Penrose presents an attractive opportunity for industrial property investment, combining strategic location, diverse property options, and convenient amenities to support the needs of businesses seeking growth and success in Auckland's dynamic market

Contact the listing agents today to arrange a viewing! We have multiple properties for sale so please don’t hesitate to contact us with your requirements.

Zach Callesen
021 168 2842
mailto:zach.callesen@savills.co.nz

Ben Spence
021 125 6991
mailto:ben.spence@savills.co.nz