131-135 Griffiths Rd & 4-18, 24-26 Verulam Road Lambton NSW 2299

For Sale by Expressions of Interest closing Thursday 21 March 2024 at 4pm.

Commercial Collective is excited to present a substantial industrial investment opportunity
offering two engineering sites situated in the fringe suburbs of Newcastle CBD. This investment opportunity has the potential for future development (STCA) and can be sold in one line or separately. The facilities are currently leased to the national company, Swanson Industries, which is a leading mining services provider. The sites are generating a combined income of $1,160,756.96 net per annum + GST, both with a 5-year lease with a 5-year option.

The Lambton facility occupied by Swanson Industries provides maximum exposure to both Verulam Road and Griffiths Road. The property offers a total build area of 8,931sqm* comprising of five buildings including workshops facilities, offices, lunchrooms, and amenities over a site area of 1.679ha*.

- Building area 8,931sqm*
- Site area 4.679ha*
- Zoned E4 General Industrial
- Abundance of parking
- Current rental income $907,137 net per annum plus GST
- New 10 year lease with 5 year option

^This property forms part of the Swanson Industries Portfolio - 2 Georgetown Road, Broadmeadow

*Approximately