The subject property is located on the southern side of Stenhouse Drive, within the Cameron Park Industrial Estate. It is located approximately 1.4 km south of the Hunter Expressway, 1.5 km south of the M1 Pacific Motorway, 18 km west of the Newcastle CBD and 143 km north of the Sydney CBD.
Modern corporate style freestanding distribution facility being 4,191 sqm, erected on a site area of 9,089 sqm.
The building is of full concrete panel construction, with the warehouse divided into two sections. Built within the main warehouse section is a steel framed mezzanine office of approximately 367 sqm. This section of the warehouse can be accessed through 4 container height roller shutters from the front and side of the building. The smaller section of warehouse has access from 1 container height roller shutter at the front of the building and internal access from the main warehouse. The undercover awning of approximately 646 square metres is to the side of the main warehouse and provides parking for multiple trucks. It is ideal for all weather loading and unloading. The entire warehouse is temperature controlled (air conditioned) and provides minimum clearance of 7.5 metres. The building also offers two levels of professional well-presented office areas, with reception area, open administration area, partitioned offices, boardroom, 2 storerooms, first aid room, extensive amenities including 4 kitchen/lunchrooms.
39 Stenhouse Drive is being offered as an investment sale with a lease in place until 16 October 2023. The passing rental is $412,166 pa net. This is a rare opportunity for investors to acquire a quality industrial facility, in a highly sought after regional location. Price expectation is at a yield range of circa 6.5-7%.
