21 Galleghan Street Hexham NSW 2322

Knight Frank are pleased to offer 21 Galleghan Street, Hexham to the open market For Sale or Lease. Constructed in 1989 the property enjoys approximately 116 metres of frontage to the New England Highway with driveway access via Galleghan Street. Positioned within the prominent Hexham industrial precinct this industrial opportunity provides an opportunity to both investors and owner occupiers. Positioned twenty minutes from the Newcastle CBD and under two hours from Sydney the property is strategically positioned within close proximity to all major arterial motorways.

In terms of improvements the property boasts a 3,058 sqm* main workshop with internal wash bay, overhead cranes and access via 12 roller doors. Adjoining the workshop are miscellaneous training and testing rooms along with a lunch room & amenities. Office accommodation of 286 sqm* is predominantly open plan with separate managers office and boardroom. There is also a training room adjoining from the western side. Externally, the site offers a generous concrete hardstand (2,717 sqm*) component to the east which could be utilised as a future develop-able area or display yard (STCA). There is also a large bitumen staff car park to the west.

Other property features include;

- Site area 1.341 Hectares
- IN3 Heavy Industrial Zoning
- Overhead cranes
- Heavy duty workshop with additional training & dyno room
- Large onsite staff car park

The property is currently occupied by Cummins Australia who are presently paying $461,210 net per annum. The lease is due to expire and the property will be vacant come the end of September 2019.

Offered For Sale or For Lease the property is offered via Expressions of Interest closing Tuesday 14 May, 2019 at 4pm. For further information please contact Dan Barry or Michael Boom of Knight Frank Newcastle 02 4920 5700.

*Approximately