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Commercial Collective - NEWCASTLE

29 Station Street Martins Creek, NSW 2420

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29 Station Street,
Martins Creek, NSW 2420

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Sale - Auction Wed 22 May

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Commercial Collective - NEWCASTLE
Matt Kearney
Adam Leacy

Commercial Collective - NEWCASTLE

10 Newcomen Street
NEWCASTLE, NSW 2300
Commercial Collective - NEWCASTLE
29 Station Street
Martins Creek, NSW 2420

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Map of 29 Station Street

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  • Train stations within 5 km of 29 Station Street, Martins Creek, NSW 2420Distance
    Martins Creek Station569 m
    POWERED BY HERE ©
  • Bus stops within 5 km of 29 Station Street, Martins Creek, NSW 2420Distance
    Gresford Rd Opp Dungog Rd2.6 km
    Gresford Rd After Dungog Rd2.8 km
    Gresford Rd Opp Vacy General Store4.1 km
    Vacy General Store, Gresford Rd4.4 km
    POWERED BY HERE ©
POWERED BY HERE ©

State Significant Resource with a long-term lease

  • Net Passing Income $1,610,000*
  • Lease Term 25 years + 10 years
  • Expansive 127ha*
Auction Location: 10 Newcomen Street, Newcastle

For Sale by Public Auction on 22 May 2024 at 11am

Martins Creek Quarry provides an opportunity to secure a hard rock quarry with long term extractive approvals in place. The 25 year lease for the site commenced 1 December 2012 and expires 30 November 2037 to a market leading civil construction company. Comprising seven lots, the land parcel is 127.28ha* with the remaining andesite in-situ resource estimated to be 51 million tonnes as at 2024.

The site's accessibility to major markets is a key feature, with its proximity to the Pacific Motorway and New England Highway providing easy connectivity to Sydney, Newcastle and the Hunter Valley. The site is also connected to the main North Coast Rail Line, which connects Sydney and Brisbane and is key freight line. Importantly, the site is improved by an operational dual line rail spur which enables efficient loading of material.

- Lease Term: 25 years
- Option Term: 10 years
- Initial Lease Expiry: 30 November 2037
- Expansive 127ha*
- Net Passing Income (as at 1 December 2023) $1,610,000*

*Approximately

Property ID: 504559008Last Updated: 21 Apr 2024

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