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BUNNINGS TRADE - SECURE INDUSTRIAL INVESTMENT

114 Stenhouse Drive, CAMERON PARK NSW, 2285

Sold

Property Sold in 114 Stenhouse Drive, CAMERON PARK NSW, 2285

CBRE North Sydney

Suite 1401, Level 14 100 Pacific Highway, North Sydney, NSW 2060

Listing ID:
11352985
Status:
Sold
Price:
Contact Agent
Last Updated:
30/09/2019
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Property Type

Industrial/Warehouse
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Land Area

7386 SQM
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Floor Area

2930 SQM
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Parking

19

BUNNINGS TRADE - SECURE INDUSTRIAL INVESTMENT

CBRE are pleased to present to market this outstanding
opportunity to acquire a premium secure investment in the heart of Newcastle’s major industrial precinct.

Key highlights include:
+ Dominant 2,930sqm industrial warehouse situated on a 7,386sqm corner block with dual street access.
+ Long trading history and secure lease to Bunnings Group Ltd
+ Strong industrial precinct in Newcastle’s booming Western growth corridor.
+ Undergoing future significant infrastructure and urban expansion.
+ Strong and secure growth profile with rare fixed 3% annual rent increases.
+ Strategically positioned from the vast Hunter Region catchment, experiencing consistent population
growth of 1% p.a that can be expected to underpin the success of the tenant.
+ The property is zoned IN1 – General Industrial allowing for a wide range of uses.
+ Net annual income $309,214* per annum.

The property will be sold via public Auction held at Auction Works, 50 Margaret Street, Sydney, at 10:00am on 13 August 2019.

To obtain further information, or to arrange an inspection, please contact the exclusive agents below:
Peter Mangraviti - 0413 750 350
Jason Edge - 0410 687 866

For more details, please email agent

CBRE North Sydney

Suite 1401, Level 14 100 Pacific Highway, North Sydney, NSW 2060


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