1 Spit Island Close,
Mayfield West, NSW 2304

Warehouse, Factory & Industrial

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Map of 1 Spit Island Close

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Investment Sale - Leased to National Tenant

Gross income $370,000* per annum (+ GST)
Lease expiry July 2025
Located in Steel River Industrial Estate

Ideally located on a corner position in the Steel River Industrial Estate at Mayfield West, the property benefits from close proximity to all the major transport routes and is only a 15 minute* drive from the Port of Newcastle and Newcastle CBD.

The property is currently leased to the national brand Hutchinson Builders with a three year lease expiring in 2025, with a two year option.

The subject property comprises an industrial facility incorporating an extensive high bay warehouse (7.5m* to the eaves) with three truck access points, drive around access and multiple industrial sized roller doors.

The facility includes air-conditioned carpeted offices with excellent staff amenities, benefitting from multiple truck and car parking areas and a concrete / compacted gravel hardstand area.

For Sale by Public Auction | Thursday 25 May 2023 at 10:30am (AEST)
Ground Floor, 18 Honeysuckle Drive, Newcastle

*Approximate.

Mayfield West, 2304 demographic data

The median household income for Mayfield West is $1,592, 11% higher than Regional New South Wales's household income of $1,434. Mayfield West has a younger age profile compared to the rest of Regional New South Wales (median age 34 vs 43). Property ownership data shows 58% of property owners in Mayfield West have a mortgage.

1,993

Population

$1,592 per week

Median household income

34 years

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