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Entry level warehouse leased to blue chip tenant
The property is located in the Heatherbrae Industrial Estate, on the north eastern side of Motto Lane. This location is in close proximity to Raymond Terrace and Port Stephens, the Newcastle Airport, together with easy access to the Pacific Highway and M1 Motorway.
Improvements comprise of a high clearance workshop facility of precast concrete panel construction with modern offices and amenities over two levels. The workshop features crane rails for future installation of a 10-tonne crane if required. Workshop building area is 397m² * including offices and amenities.
Other improvements include an ancillary carport structure and awning of 167m²* with a concrete driveway and a fully fenced site with gated entrance.
Total site area is 1,125m² with a frontage of 22 metres* to Motto lane.
Leased to Lockheed Martin Australia Pty Ltd returning $43,709 pa net (plus GST)