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HUGE 10% RETURN!!!

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.

93 Maitland Street, Branxton

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Contact Agent

Description
HUGE 10% RETURN!!!

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.

Agent Details
Cain Beckett

Director - Rural/Lifestyle & Commercial Sales

mobile 0458 282 824

office (02) 4991 4000

emailcainb@jurds.com.au

Agency Details
Jurd's Real Estate

location

10 Allandale Road, Cessnock, NSW 2325

Key Details
property ID 1323550
land size 2049m2
build size 2049m2
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