9 Riverside Drive,
Mayfield West, NSW 2304
Warehouse, Factory & Industrial
Key property information
Land area
Floor area
Car spaces
Parking info
Property extent
Tenure type
Sold on
Commercial Collective - NEWCASTLE
10 Newcomen StreetNEWCASTLE, NSW 2300
9 Riverside Drive
Mayfield West, NSW 2304
Map of 9 Riverside Drive
Investment with rental upside
- Leased to Corinthian Doors
- Potential for rental upside
- Current net income $192,252.60 pa + GST
Auction Location: In Room
For Sale by Auction Wednesday 17 April 2024
Presenting an exclusive investment opportunity in the heart of Mayfield West, 9 Riverside Drive. An opportunity to secure an excellent freestanding industrial warehouse and office facility with abuilding area of 1,653sqm* situated on a corner block with a site area of 4,357sqm*.
Leased to a blue-chip tenant Corinthian Doors on a 2 years lease + 2 years option returning a generous $192,252.60* net per annum + GST which recently commenced on the 1st of November 2023. Corinthian Doors are a reputable entity ensuring stability. With the strategic location, premium facility for future occupiers and attractive lease on offer with further rental upside potential, this opportunity is not one to miss.
- Lease to Blue-chip international tenant - Corinthian doors
- Building area 1,653sqm*
- Site area 4,357sqm*
- Two year lease plus two year option
- Passing net income of $192,252.60 per annum plus GST
- Opportunity for future owner occupiers
- Maximum exposure on a corner block
- 12 car parking spaces plus loading zones and hardstand
- Zoned E4 General Industrial
- Drive around access
- Three 5m* wide x 5m* high roller doors
- One 5m* wide x 4m* high roller door
*Approximately
For Sale by Auction Wednesday 17 April 2024
Presenting an exclusive investment opportunity in the heart of Mayfield West, 9 Riverside Drive. An opportunity to secure an excellent freestanding industrial warehouse and office facility with abuilding area of 1,653sqm* situated on a corner block with a site area of 4,357sqm*.
Leased to a blue-chip tenant Corinthian Doors on a 2 years lease + 2 years option returning a generous $192,252.60* net per annum + GST which recently commenced on the 1st of November 2023. Corinthian Doors are a reputable entity ensuring stability. With the strategic location, premium facility for future occupiers and attractive lease on offer with further rental upside potential, this opportunity is not one to miss.
- Lease to Blue-chip international tenant - Corinthian doors
- Building area 1,653sqm*
- Site area 4,357sqm*
- Two year lease plus two year option
- Passing net income of $192,252.60 per annum plus GST
- Opportunity for future owner occupiers
- Maximum exposure on a corner block
- 12 car parking spaces plus loading zones and hardstand
- Zoned E4 General Industrial
- Drive around access
- Three 5m* wide x 5m* high roller doors
- One 5m* wide x 4m* high roller door
*Approximately
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
Median age
Owners
Most residents
Families
Most households
Commercial Collective - NEWCASTLE10 Newcomen Street
NEWCASTLE, NSW 2300
NEWCASTLE, NSW 2300
More properties from Commercial Collective - NEWCASTLE
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
35 Warabrook Boulevard,Warabrook, NSW 2304 374 m²Warehouse, Factory & Industrial • Offices
Contact Agent
4 Rural Drive,Sandgate, NSW 2304 9970 m²Warehouse, Factory & Industrial • Development Sites & Land • Other