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