Colliers International in conjunction with John Flood Estate Agents, are pleased to offer For Sale by Public Auction the property known as 4-6 Market Lane, Muswellbrook.

The property offers a secure investment opportunity benefiting from two leases to the NSW Government, including a new lease to the anchor tenant, leases to public companies together with the ability to generate further income through additional development of the site.

The property, as a whole, provides a total site area of 6,107 square metres with improvements comprising two single level commercial/retail buildings providing eight tenancies with a total combined area of 1,794 square metres.

Extensive upgrades to power, landscaping and internal and external sections of the eastern building have recently been carried out, more specifically the commercial tenancy occupied by the NSW Department of Community Services, who have committed to a new six year lease as at August 2009. The building also benefits secure leases to NSW Disability and Home Care and public companies Crane Distribution Limited and Regional Publishers Pty Ltd.

The property is offered with 100% occupancy with majority of tenants having been in occupation for extended terms throughout the property’s life time.

The site also benefits from having a current DA approval to erect five executive town houses on the surplus land. The elevated design provides for south-eastern views overlooking Muswellbrook.

The current total combined income is $324,200 net per annum (approx).

Fully managed by John Flood Estate Agents, the property has been owned by an interstate family company for the past 20 years.