Leased to Specialised Wholesale & Plastics - 25 yrs in Newcastle.
Tenant has parent co guarantee by multinational engineering giant Inenco Group - 160 locations in Australia and overseas.
Functional showroom, office and warehouse facility with on-site car parking.
Large site of 3,984 sqm with future redevelopment opportunities.
Inner city Newcastle location, 5 kms from CBD.
Easily managed single tenant investment.
Tenant pays all outgoings as per lease.
Attractive 3.9% annual rent increases.
Net Income: $199,480 pa + GST (as at June 2015).
Auction 2pm AEDT Tuesday 24 February
50 Margaret Street Sydney
Rhys Parker 0451 101 042
Dean Venturato 0412 840 222
|Gross Building Area