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29 Station Street
Martins Creek NSW 2420
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Sold on 22 May 2024

29 Station Street Martins Creek NSW 2420

  • Development / Land
  • 127 ha
  • Sold

State Significant Resource with a long-term lease

  • Net Passing Income $1,610,000*
  • Lease Term 25 years + 10 years
  • Expansive 127ha*

For Sale by Public Auction on 22 May 2024 at 11am

Martins Creek Quarry provides an opportunity to secure a hard rock quarry with long term extractive approvals in place. The 25 year lease for the site commenced 1 December 2012 and expires 30 November 2037 to a market leading civil construction company. Comprising seven lots, the land parcel is 127.28ha* with the remaining andesite in-situ resource estimated to be 51 million tonnes as at 2024.

The site's accessibility to major markets is a key feature, with its proximity to the Pacific Motorway and New England Highway providing easy connectivity to Sydney, Newcastle and the Hunter Valley. The site is also connected to the main North Coast Rail Line, which connects Sydney and Brisbane and is key freight line. Importantly, the site is improved by an operational dual line rail spur which enables efficient loading of material.

- Lease Term: 25 years
- Option Term: 10 years
- Initial Lease Expiry: 30 November 2037
- Expansive 127ha*
- Net Passing Income (as at 1 December 2023) $1,610,000*

*Approximately

AUCTION

Auction date and time22/05/2024 11:00
Auction location10 Newcomen Street, Newcastle
Commercial Collective
Commercial Collective
10 Newcomen Street
Newcastle, NSW 2300

Property Highlights

Date Sold22 May 2024
Floor AreaAsk Agent
Land Area127 ha
ParkingAsk Agent
Property ID2019160372
Category
Last updated  22 May 2024
Map for 29 Station Street Martins Creek NSW 2420

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Commercial Collective
Commercial Collective
10 Newcomen Street
Newcastle, NSW 2300

Property Highlights

Date Sold22 May 2024
Floor AreaAsk Agent
Land Area127 ha
ParkingAsk Agent
Property ID2019160372
Category
Last updated  22 May 2024

Co-Agents

Matt Kearney
Commercial Collective
Call
0427 921 206
Adam Leacy
Commercial Collective
Call
0421 613 160

More about 29 Station Street Martins Creek NSW 2420

29 Station Street Martins Creek NSW 2420 is categorized as Land & Development Property. It has a land area of 127 ha. The listing ID for this property is 2019160372.

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