Rarely do invest opportunities such as this come to market. Secured by a new 5 year x 5 year lease to Hudson Home Timber and Hardware, located 1 km from the New England Highway, 2km from the Maitland CBD and in the heart of one Maitland's residential growth areas.
Aberglasslyn Road is the main arterial road linking residential suburbs, shopping centres and other urban amenities.
• Total Rent: $154,000 pa gross + GST
• National brand tenant
• Excellent rental growth
• Large land holding
• Prime main road location
• Near new 5yr x 5 yr lease from 1/7/2018
• Well maintained buildings
• Quality steel frame industrial style warehouse complex, constructed in 2 stages
• Eave height: 5M
• Full amenities
• Office administration area
• Showroom display area, timber storage facility
• Roller door access – loading facility
• Full concrete hardstand site / open storage areas
• On site parking and loading facilities
• Also under construction, a free standing 300m2 rear warehouse for soft wood timber storage.
Lease Details
Lessee: HUDSON BUILDING SUPPLIES PTY LIMITED
Lease Term: 5 years from 1/7/2018
Option: 5 years
Rental: $154,000 pa gross plus GST
Rental Increases: CPI annually
Outgoings: Approximately $23,800
Building Particulars
Land Area: 6721 m2
Frontage – 77 m
Building areas: 1,500m2
