8 Kestrel Avenue, THORNTON NSW 2322

THORNTON

8 Kestrel Avenue

  • For Sale

Multi tenanted investment

Expressions of Interest closing Thursday 16 September 2021 at 4pm

Positioned in one of Newcastle’s most prominent industrial estates, the property offers a substantial investment opportunity with long term leases to two quality tenants.

The property comprises of two industrial workshops totalling 8,235sqm* and constructed on a site of 4.37hectares*.

Building 1: 9 year lease to Armorgalv
New Office: 236sqm*
Existing workshop: 2,208sqm*
Workshop Extension: 720sqm*
Total: 3,164sqm*

Building 2: 7.5 year lease to Reinforced Concrete Pipes Australia
Office area: 373sqm*
Workshop with crane: 1,010sqm*
High clearance warehouse: 1,799sqm*
Lower clearance warehouse: 1,476sqm*
Annex area: 413sqm*
Total: 5,071sqm*

Additional property features:

- Combined total rental income $1,041,769.78* net per annum + GST
- Popular investment location
- Two quality tenants
- Potential for long term development upside

The property is located approximately 30 kilometres west of the Newcastle CBD and the Port of Newcastle. The estate provides easy access to the New England Highway, the M1 Pacific Motorway and the Pacific Highway, all of which are located approximately 5 minutes from the property.

*Approximately and outline indicative only

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