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Strategic Logistics Freehold Investments with New Leases ...

9 Pioneer Avenue & 18 Reliance Drive, TUGGERAH NSW, 2259

Sold

Property Sold in 9 Pioneer Avenue & 18 Reliance Drive, TUGGERAH NSW, 2259

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11369361
Status:
Sold
Price:
Price on request
Last Updated:
31/01/2020
Icon building

Property Type

Industrial/Warehouse/Showrooms/Bulky Goods/Offices
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Land Area

28540 SQM
Icon size

Floor Area

13816 SQM
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Parking

N/A

Strategic Logistics Freehold Investments with New Leases to Long-Term Tenants

Renewed, secure and long term leases to Hachette, the world’s 3rd largest publisher and 20 year-tenant on-site.

Two adjoining freehold sites with combined area of 28,540 sqm*.

Major office/warehouse facilities of totalling 13,816 sqm*.

Strategic Central Coast location 65 km* north of Sydney and 54 km* south of Newcastle.

Located in the thriving Tuggerah Business Park, just 2.4km* or 4 mins* from the Pacific M1 Motorway.

Blue-Chip logistics, trade and call centre precinct surrounded by Toll Priority, Star Track Express, DHL Express, Australia Post Business Hub, Linfox, TNT Express, Masterfoods/Mars, Sanitarium, Husqvarna, Couriers Please, Border Express, ING Direct, Bunnings Trade and Reece Plumbing. 

Other nearby retail and transit amenities include Tuggerah Train Station, Pacific Highway, Westfield, Bunnings Warehouse, McDonalds, Hungry Jacks, Coles, The Good Guys, and Officeworks all located within 1.25 km*.

Significant 37% forecast population growth by 2036***.

Just 1.1 km* from proposed $2.8 billion Tuggerah Town Centre development and Train Station upgrade**.

Strong and certain rental growth provided by annual fixed rent increases.

Significant depreciation tax benefits.

Available individually or in-one-line with long 7.3 year WALE*.

Combined estimated net rent (in-one-line): $1,525,629  pa


9 Pioneer Avenue:

7,595 sqm* building on 14,700 sqm* site with 71 car spaces*.

Fully leased to Hachette, a 20 year-tenant on site*, on brand new 8 year lease.

Tenant responsible for rates, insurance and management fees.

Annual fixed 3% increases. Heavily-invested tenant, flanked on both sides by integrated Hachette facilities.

Estimated net rent: $842,923 pa.



18 Reliance Drive:

6,221 sqm* building on 13,840 sqm* site with 50 car spaces*.

Anchored by new 8 year net lease to Hachette in brand new 3,737 sqm* warehouse expansion (completed Nov 2019).

Site includes the headquarters for Leda Securities, a leading provider of security and anti-terrorism equipment. 

Leda Securities have occupied the site for 16 years* and commenced a new 5 year lease in February 2019 plus option.

Estimated net rent: $682,706 pa.

Expressions of Interest Closed

Properties Under Offer


*approx.

**NSW Government

***forecast.id

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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