The sale of the property presents an opportunity to secure a quality industrial property leased to Strategic Services Australia Ltd and a national document storage business with a combined rental return of $395,000 net per annum (plus GST). The Lease to the national document storage business is scheduled to be effective from 31 August 2017 (tied to completion of sale of Hunter Records business to the national document storage business on that date). If the sale of the business does not proceed, SSA Ltd will commit to entering into an equivalent lease with the purchaser. The property features a full concrete panel, high clearance document storage facility and administration offices. The property features a well constructed high clearance warehouse facility with a total building area of 3,591 square metres. The site extends to approximately 6,798 square metres and is situated within the popular Thornton Industrial Estate. The property is located in one of Newcastle’s most sought after industrial areas and is strategically located at the junction of the M1 Motorway and New England Highway.

For Sale by Expressions of Interest closing Wednesday 13 September 2017 at 4pm (if not sold prior).

(NPP)