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Colliers - Newcastle

12 Magpie Street McDougalls Hill, NSW 2330

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12 Magpie Street,
McDougalls Hill, NSW 2330

Warehouse, Factory & Industrial

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Industrial investment with long term tenant

  • Passing net income of $91,200 p.a. +GST
  • Lease expires 30 Nov 26 with 5 yr option
  • 824m²* of gross lettable area
Industrial facility leased to Custom Fluidpower Pty Ltd on a 5 year lease term expiring 30 November 2026 with the option to renew for a 5 year term. The property has a passing income of $91,200 per annum net plus GST.

The property comprises a 824 square metre* workshop and associated single storey office and amenities facility incorporating a 5 tonne gantry crane and external covered wash bay, erected on a regular shaped 3,260 square metre* site zoned B5 Business Development.

Warehouse - 540m²*
Office /Showroom - 126m²*
Mezzanine - 126m²*
Wash Bay - 32m²*
Total Building Area - 824m²*

Access to the workshop is via three metal roller doors being 4.8 metres* high and 4.8 metres* wide.

For Sale by Public Auction Thursday 8 September 2022 at 10:30am (AEST).

For more information please contact Peter Dodds or Tim Woolf.

*Approx.

Property ID: 504136419Last Updated: 11 Nov 2022

Colliers - Newcastle

Ground Floor, 18 Honeysuckle Drive
NEWCASTLE, NSW 2300
Colliers - Newcastle
12 Magpie Street
McDougalls Hill, NSW 2330
Colliers - Newcastle
Ground Floor, 18 Honeysuckle Drive
NEWCASTLE, NSW 2300
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