The property comprises an industrial land parcel situated in Morisset Business Park which is currently occupied by a mix of light industrial, bulky retail and logistics businesses.
The total land size for the property is 1,501 square metres* and is strategically located only 115 kilometres* north of Sydney and 50 kilometres* from the Port of Newcastle with easy access to the M1 Pacific Motorway.
A 63 square metre* section of the premises is also leased to Optus on a five x five year lease, totalling 25 years, with a return of $14,758.48 per annum gross (plus GST).
The site offers 32 metres* of street frontage onto Kalaf Avenue with access to great public amenities such as the Morisset Town Centre, Train Station, and developments under construction such as Life & Home and Cedar Mill.
For Sale by Public Auction | Thursday 25 May 2023 at 10:30am (AEST)
Ground Floor, 18 Honeysuckle Drive, Newcastle.
*Approximate.