This property was purchased by the fund in December 2018. It is tenanted by Goodman Fielder Limited. The site is situated in Penrose on the western side of Great South Road, a major north-south arterial road extending from Newmarket through to Drury. It also sits adjacent to a rear railway line.
The site consists of a large coolstore area in the centre with smaller associated offices on one side and a smaller associated coolstore space on the other.
Purchased
2018
Net Lettable area
4,533m²
Land Area
7,565m²
Purchase Price
$7.2M
Current Value
$11.2M
Annual Rent
$700K
Tenants
Goodman Fielder Limited
Location
785 Great South Road, Penrose, Auckland, New Zealand
© Provincia Property 2026
Fund Management LTD
WARNING: Provincia Property Fund Ltd and Provincia Property Fund II Limited are wholesale investment opportunities only. Prospective investors should be aware that any capital raise offer is not open to the public. It is only open to Wholesale Investors as defined in Clause 3 of Schedule 1 of the Financial Markets Conduct Act 2013 (The Act). Further information can be found in the relevant Investment Statement.
Join our mailing list.
Leave us your details and we'll send you our insider tips on industrial investing, the latest news and any new investment opportunities.