4-6 Sims Road, Penrose, Auckland

10-year triple net lease - Penrose industrial

Key features:
• 10-year triple net lease to an established tenant
• Fixed annual 2.5% rental growth and uncapped market reviews every five years
• Modern office accommodation and warehouse space with multiple roller doors
• Prime Penrose location with excellent proximity to transport networks

Situated in the heart of Penrose, the property offers a fantastic industrial investment opportunity. Comprising four warehouse bays, associated office spaces, and a concrete yard, the property presents to a high standard.

Currently leased to Harvey Furnishings on a 10-year triple net lease, this property offers stable cash flow with fixed 2.5% annual rental growth and market reviews every five years. The lease also includes a 12-month bank guarantee, further enhancing the security of the investment.

Penrose remains one of Auckland's most sought-after industrial locations, with excellent access to major transport routes, including State Highway 1. This strategic location ensures long-term tenant demand and capital growth potential for industrial real estate. With its strong lease covenant and central location, 4-6 Sims Road is an exceptional opportunity for astute investors.

For more information, please contact:
Sunil Bhana
+64 21 938 660
sunil.bhana@bayleys.co.nz

James Valintine
+64 21 023 71868
james.valintine@bayleys.co.nz

Mike Houlker
+64 21 945 927
mike.houlker@bayleys.co.nz