On behalf of our valued client, Knight Frank Central Coast is pleased to provide information on an excellent strategic investment opportunity in Warabrook.
This industrial freehold building of 1,300 sqm* GFA plus mezzanine and substantial office areas on a 3,417 sqm* lot in a brilliant location with a secure tenancy, represents outstanding value.
The property enjoys a strategic position within the Newcastle region and is only minutes away from the Newcastle Central Business District (CBD), making it convenient for businesses to access essential services and resources. The proximity to major transportation routes, including the Newcastle Port, M1 Motorway, and New England Highway, ensures swift connectivity to broader markets. Warabrook's industrial landscape provides a conducive environment for businesses seeking growth, connectivity, efficiency and compelling locational advantages for the longer term.
This unique investment opportunity derives value from more than simply the tenant and the location of the property. The key to the specific use of the building is the significant investment that has been made by the tenant 'Connect Ability' in creating both the required office space and functional disability spaces for their clients, plus the wet weather access points and additional parking required for busses on the hardstand within the massive parking area.
Connect Ability are an established, government and privately funded tenant delivering a much needed service to the community with proven results and they currently have a long term (10 year) lease plus options to 2032. They have clearly expressed their wish to stay in the property for the long term. The rent is reviewed to market at each 5-year period, with CPI reviews annually, and this provides for fair market rent and longevity of the tenant plus strong capital growth.
Specific lease details are as follows:
Investment Overview
Lessee - Connectability Australia Incorporated
About Lessee - Quality long term tenant
Lease Term - Ten (10) Years Option/s
Lease Commencement -15th May 2017
Lease Expiry - 14th May 2027
Option Period - Five (5) years
Rent - $168,644.29 Net Per annum + GST
Rent Reviews - CPI at each anniversary with market reviews at the 5th year anniversary and option periods.
Outgoings - 100 % payable by the tenant
We welcome your enquiry and inspections of this amazing property and unique investment opportunity are available by appointment.
