Shift into high gear in Penrose’s power precinct

A standalone commercial premises at the centre of one of Auckland’s most tightly held industrial corridors is being brought to market with vacant possession, presenting an opportunity for owner-occupiers and add-value investors seeking profile, accessibility and long-term positioning in a proven location, Bayleys brokers say.

Owen Ding and Matt Lee, together with Bayleys colleague Jean-Paul Smit, are marketing the 663sqm (more or less) freehold site at 772 Great South Road for sale by tender, closing at 4:00 pm on Thursday, 11th December 2025 (unless sold prior).

Occupying a prominent site zoned Business - Heavy Industry, on a high-exposure arterial, the property offers 724sqm (more or less) of versatile floor area across two levels, supported by 24 on-site car parks.

The location - one kilometre from both the Southern Motorway and the Southeastern Highway - places it at the centre of Auckland’s industrial transport network, positioned for visibility, efficiency, and customer connection.

Bayleys Asian Markets associate director Owen Ding says demand for flexible commercial premises in core industrial catchments remains solid, as businesses recalibrate spatial requirements in favour of accessibility, operational efficiency, and high-profile positioning.

“With vacancy across quality city-fringe industrial stock currently low, opportunities to acquire standalone premises with profile and parking are scarce. Properties offering signage, presence, and connectivity along established transport and commercial corridors are increasingly sought by trade retail, showroom, industrial services and hybrid office-industrial users.”

Previously sustaining a vehicle sales and showroom, along with administrative and production uses, the premises provide a practical base for a range of business models.

Roller door access, open-plan showroom areas and internal connections between levels support flexibility, while extensive on-site parking - including stacked spaces and ramp access - is a key differentiator for occupiers focused on customer and staff convenience.

Bayleys Asian markets senior broker Matt Lee says the asset is zoned to reflect an environment typically dominated by long-established operators, logistics facilities and trade users. “Favourable zoning designation, combined with the site’s compact scale and prominent frontage, will appeal to businesses seeking a strategic foothold in a district where traditional large industrial landholdings can limit accessibility for smaller or high-service occupiers.”

“Penrose is a high-performance industrial and commercial eco-system, centrally located, employment-dense, and favoured by nationally scaled operators.

“As supply for quality premises tightens across core precincts, and construction economics challenge new development, adaptable buildings in proven locations become all the more appealing as an asset class.”

The brokers say the property’s market appeal spans owner-occupiers seeking operational control, serviced-based businesses chasing profile, and investors identifying value-add potential through refurbishment, e-tenanting or repositioning.

“Vacant possession allows immediate occupation or execution of a leasing strategy shaped to current demand dynamics. Occupiers can capitalise on the building’s profile and parking, while investors will find value in the precinct’s fundamentals to secure quality tenants on modern lease terms.”

The location is further supported by transport connectivity, with rail services via Penrose Station and arterial bus routes reinforcing workforce access - a key consideration as occupiers compete for skilled workers.

“Across Auckland’s central-south industrial belt, well-located properties offering exposure, scale efficiency and operational versatility are increasingly difficult to unlock. This asset aligns to those fundamentals while offering flexibility for the next phase of its life cycle,” the brokers say.