9 Portlink Close Kooragang NSW 2304

CBRE is pleased to offer 9 Portlink Close, Kooragang, for sale.

The asset represents a rare opportunity to acquire an institutional logistics facility with freehold title. Situated in a growing industrial estate located within proximity to the Port of Newcastle, one of Australia's largest and busiest ports. This proximity allows for easy access to shipping and receiving goods, reducing transportation costs and time.

Property Highlights:
+ Near new logistics facility with a total GLA of 16,085 sqm*
+ Substantial landholding of 3.243 ha* zoned SP1 Special Activities
+ Two warehouses adjoined via a breezeway, providing future flexibility
+ Multiple access points from Portlink Close and Herron Road with full drive around access
+ 4 km* north of Newcastle's CBD and the Port of Newcastle
+ The Port of Newcastle is the largest deepwater global gateway on Australia's East Coast handling 4,697 ship movements and 166 million tonnes of cargo annually
+ Access to major arterials including Cormorant Road, Pacific Highway, Nelson Bay Road and the M1
+ Leased to Viterra, a world leading agricultural company
+ Total net passing income of $2,295,925 pa with a WALE of 6.7 years (1 May 2024)

*approx.