Positioned within Auckland's premier industrial precinct, this high-profile freehold industrial property presents an outstanding opportunity to acquire a strategically located investment underpinned by secure income and strong underlying land value.
Offered to the market via Sale & Leaseback, the property is leased to Auckland City Honda, a long-established and respected motorcycle dealership with a strong reputation throughout New Zealand's motorcycling community. Having operated from the site for many years, the tenant's commitment and investment to the location reinforces this investment profile.
Property Highlights
• Freehold landholding of approximately 1,727sqm
• Functional industrial improvements totalling approximately 725sqm (subject to final measure)
• Rare 300sqm clear-span showroom component
• Approximately 45 metres of Station Road frontage
• Extensive on-site parking and yard area
• Business – Light Industry zoning
• Excellent access to SH1, SH20, Auckland CBD and Auckland Airport
Secure Long-Term Income
• Six (6) year lease to Auckland City Honda
• Fixed annual rental growth
• Market rent reviews every three years
• Established family-owned business with proven trading history
Strategic Penrose Location
Located within the tightly held North Penrose Industrial Precinct, the property benefits from exceptional connectivity to Auckland's key transport networks. Positioned just 1km from State Highway 1 and less than 100 metres from Penrose Train Station, the site offers unrivalled accessibility for occupiers and customers alike.
Penrose remains one of Auckland's most sought-after industrial locations, favoured by logistics, manufacturing, trade and service businesses due to its central position and limited supply of freehold industrial property.
Significant Underlying Value & Future Potential
With a substantial landholding, prominent road frontage, and flexible industrial improvements, the property offers investors a compelling blend of immediate income and long-term upside. The favourable land-to-building ratio, extensive parking provision and prime location provide future flexibility and potential for repositioning, redevelopment, or intensification.
Industrial investments of this scale and calibre within Penrose remain tightly held and highly sought after by investors seeking secure income in one of Auckland's strongest industrial markets.
The property is offered for sale by Deadline Private Treaty, closing 4pm Thursday 23rd July 2026 (unless sold prior).
For further information or to arrange an inspection, contact the sole agents today.
Alex Hopkinson
alex.hopkinson@savills.co.nz
+64 21 071 5244
Zach Callesen
zach.callesen@savills.co.nz
+64 21 168 2842
Ben Spence
ben.spence@savills.co.nz
+64 21 125 6991
