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Commercial Collective - NEWCASTLE

8 Kestrel Avenue Thornton, NSW 2322

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8 Kestrel Avenue,
Thornton, NSW 2322

Warehouse, Factory & Industrial • Offices

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Commercial Collective - NEWCASTLE
Byrne Tran

Commercial Collective - NEWCASTLE

Level 2, 28 Bolton Street
NEWCASTLE, NSW 2300
04223026...
Commercial Collective - NEWCASTLE
8 Kestrel Avenue
Thornton, NSW 2322

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Multi tenanted investment

Positioned in one of Newcastle's most prominent industrial estates, the property offers a substantial investment opportunity with long term leases to two quality tenants.

The property comprises of two industrial workshops totalling 8,235sqm* and constructed on a site of 4.37hectares*.

Building 1: 9 year lease to Armorgalv
New Office: 236sqm*
Existing workshop: 2,208sqm*
Workshop Extension: 720sqm*
Total: 3,164sqm*

Building 2: 7.5 year lease to Reinforced Concrete Pipes Australia
Office area: 373sqm*
Workshop with crane: 1,010sqm*
High clearance warehouse: 1,799sqm*
Lower clearance warehouse: 1,476sqm*
Annex area: 413sqm*
Total: 5,071sqm*

Additional property features:

- Combined total rental income $1,041,769.78* net per annum + GST
- Popular investment location
- Two quality tenants
- Potential for long term development upside

The property is located approximately 30 kilometres west of the Newcastle CBD and the Port of Newcastle. The estate provides easy access to the New England Highway, the M1 Pacific Motorway and the Pacific Highway, all of which are located approximately 5 minutes from the property.

*Approximately and outline indicative only

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Property ID: 503335258Last Updated: 29 Jul 2022

Commercial Collective - NEWCASTLE
Level 2, 28 Bolton Street
NEWCASTLE, NSW 2300
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