An exceptional and rare opportunity to acquire a high quality freehold industrial complex with an expansive site area of 5,200 sqm* positioned on a rare corner lot, within the tightly held industrial precinct of Berkeley Vale.
Strategically situated for industrial investment, this exceptional location boasts wide, heavy-duty roads expertly designed to accommodate industrial traffic, plus two (2) major access points along the M1 Sydney to Newcastle Motorway at Tuggerah and Ourimbah, both within 5 minutes from the property.
In addition, geographically the property's location is centered on the Central Coast and only 20 minutes* to Gosford, The Entrance, Terrigal, Erina and Morisset, giving potential tenant businesses extended market reach and accessibility.
The excellent design of the two (2) industrial buildings with an area of 2,238 sqm*, has additional office space (currently a separate tenancy) and diversified income (stream) allows for larger company tenants in the future and is adjacent to the larger units.
The medium sized units are positioned opposite each other, which allows for great access within the complex and there is substantial car parking for 34* vehicles (plus extra parking areas). Hardstand side areas for storage are perfect for tenants or owner occupier businesses alike.
The B-double access allows for safe drive through between the street frontages to Hereford Street and Craftsman Avenue, giving the property long term advantages when seeking tenants. There is substantial potential for uplift in the rental income as part of a medium to long term investment strategy.
The current rental return is $218,935.65* Per Annum Net (plus GST).
The investment upside for this property is considerable, and the current return is well below market rental value. Our valued vendor client is the original owner and developer of the property.
Well located spaces of various sizes are easier to lease in the open market and cater well to small business owners within the Central Coast area. Self-Managed Superannuation Funds or investors looking for affordability will see future value in the opportunity to increase rentals and value.
These features create an opportunity for investors and / or future owner-occupiers who will undoubtedly appreciate this financial upside and growth prospect. The driveway is comprised of extra-thick reinforced concrete and is in good condition.
The complex features 200 Amps of 3-phase power, quality accessible amenities and well-appointed kitchenettes and meeting rooms with the additional office space available as a stand-alone suite or adjoining the larger unit.
For more information and to arrange an inspection, please contact one of our exclusive Knight Frank Central Coast agents today.
*Approximately
