Industrial complex acquired for property investment syndicate in Mayfield West, NSW
Newcastle Industrial Investment
2 adjoining warehouses have been purchased in Mayfield West, near Newcastle CBD for a new property investment syndicate. The acquisition was located in Newcastle’s prime industrial precinct and investor’s quick response meant that the syndicate was oversubscribed within days of its opening
The quick snapshot of the freehold and leasehold details were
Total Net Lettable Area : 4598 m2 approx. including mezzanine of 1000 sqm.
Land Area: 14230 sqm approx.
Lease term: 7 years
Initial yield: 6.2% pa
Current Base Rent: $612,500
Purchase Price: $9.92 M
Syndicate Type: Wholesale
Date: March 2021
Further details are available from Rob Stanley-Turner 0418 98 2000.
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All areas and figures are approximate only. All reasonable steps have been taken to ensure the accuracy of this information and this does not constitute any representation by us as agent and should be considered a guide only.