Unit 1/88 Munibung Road Cardiff NSW 2285

For Sale by Public Auction on Wednesday 18 June at 11am (in-room and online)

Leased to Howes Management Pty Ltd on a new 5-year term, this industrial asset returns $230,870 net per annum + GST, providing immediate income supported by an established operator in the steel and building supply sector. Situated in one of Lake Macquarie's most in-demand industrial precincts, the property comprises a high-clearance warehouse with office and showroom space, modern staff amenities, and a functional layout suited to a range of uses. With strong location fundamentals, minimal management, and ongoing tenant commitment, this is a secure, low maintenance investment. The current rental at $143/sqm net per annum provides plenty of scope of future rental upside with average rents for similar buildings between around $140/sqm to $160/sqm net per annum.

- 5-year lease returning $230,870 net per annum + GST (commencing 25/06/2025)
- Well-established operator in the steel and building supply sector
- Zoned E4 General Industrial, supporting long-term flexibility across uses
- Excellent connectivity to Pacific Highway and M1 Motorway
- Munibung Road exposure
- Invest in an area with low vacancy rates and proven tenant demand
- 16 car parking spaces and semi-trailer turning circle access

*Approximately