Newcastle Industrial Investment

9 Channel Road, Mayfield NSW

Industrial complex acquired for property investment syndicate in Mayfield West, NSW

Description

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.

All new property acquisitions for future co-investing opportunity are notified by email.

You can register by calling or emailing me directly rob@boxcom.com.au

Disclaimer:

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.

Location

Agent Details

Robert Stanley-Turner

Director

Location

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