2 Georgetown Road Broadmeadow NSW 2292

For Sale by Expressions of Interest closing Thursday 21 March 2024 at 12pm.

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 Broadmeadow facility occupied by Lansdowne Coatings is prominently on the corner of Georgetown Road & Broadmeadow Road providing excellent exposure to passing traffic. The property has a total build area of 3,119sqm* comprising of 3 workshops, chemical storage warehouse, offices, lunchrooms, and amenities over a total site area of 5,659sqm*.

- Building area 3,119sqm*
- Site area 5,659sqm*
- Abundance of parking
- Current rental income $253,619.96 net per annum plus GST
- Zoned E4 General Industrial
- New 10 year lease with 5 year option

^This property forms part of the Swanson Industries Portfolio - 4-18, 24-26 Verulam Road & 131-135 Griffiths Road, Lambton NSW 2299

*Approximately