A very rare 10% return in the current market, this property is approximately 2,049m2 in size and zoned Light Industrial (IN2). It is located in one of the fastest growing residential corridors in the state and is adjacent to the new town of Huntlee (a huge residential development and the first new town in NSW in 50 years). It also has excellent access to the Hunter Expressway.
The tenant has operated from the property for approximately 13 years and has 2 ½ years left on their current lease and an option for a further five years. The property currently returns $36,500 per annum and is adjusted annually. The tenant is a shed-builder/manufacturer and the structures which are on the property belong to the tenant.
The zoning also supports depots, garden centres, hardware and building supplies, hotel or motel accommodation, industrial training facilities, light industries, neighbourhood shops, places of public worship, pubs, warehouse or distribution centres among others.
Inspection by private appointment.
