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Fast Facts:
- 366sqm floor space
- 4 Car Spaces
- Leased until Feb 2029 + 5 year option
- Lease income $39,360 incl GST
- Annual CPI increases
- Tenant pays power and water usage
Lease outgoings:
- Council Rates: approx. $1,652 per year
- Water Rates: approx. $512 per year
- Body corporate fees: approx. $4,133 per year
The Agent Loves
"This tenanted industrial shed investment offers a strong return, stable tenancy, and a great location close to a major transport route, the Hunter Expressway."
The Location
As the gateway to the world-renowned wine region of the Hunter Valley, Kurri Kurri is a thriving hub that epitomises convenience and connectivity. Just a short distance from the vibrant Maitland CBD, it offers not only immediate access to local amenities but also a seamless connection to major routes, making Newcastle and the Hunter Valley within easy reach. An invaluable asset for discerning investors in a thriving location.
Maitland - 16 min (13.1km)
Stockland Green Hills - 17 min (16.8km)
Newcastle Airport - 38 min (40.7 km)
Newcastle - 40 min (34.8km)
The Snapshot
Discover the enticing opportunity of this optimally positioned property in Kurri Kurri. This premier commercial asset, located at the aperture of the Hunter Valley, covers 366 sqm floor space. Currently reliably tenanted until 2029, it promises consistent rental returns and continued growth and opportunity. Whether you're an investor aiming for immediate returns or seeking a presence in Kurri Kurri's commercial scene, this space offers a perfect fusion of location, versatility and future potential.
The Property
This unique commercial opportunity is located in the heart of Kurri Kurri, where functionality meets strategic placement. Positioned just moments from the Hunter Expressway and the bustling local TAFE NSW campus, this dual-section industrial shed at 3/116-118 Mitchell Avenue offers investors a versatile foundation for growth and prosperity.
Sprawling across a generous 366 sqm of floor space, this strata-titled property is ingeniously divided into two distinct sections, catering to a broad range of industrial activities. The larger section boasts three roller doors complemented by a pedestrian access door, enhancing workflow and accessibility for larger operations. Meanwhile, the smaller section offers a single roller door access, perfect for storage solutions or smaller scale activities.
Investment potential is further amplified by the existing lease, securely in place until February 2029 with options extending for another five years. This lease generates a robust annual income of $39,360 (incl GST), with the reassurance of annual CPI increases. What's more, all water and power usage costs are borne by the tenant, ensuring a hassle-free investment.
This facility doesn't just stop at functionality. It also includes essential amenities such as two toilets and a shower, ensuring convenience and comfort for all onsite. With four dedicated car spaces, this property addresses all the logistical needs of a bustling industrial operation.
The location is as practical as it is promising. Being in close proximity to major transport links like the Hunter Expressway, this property promises easy access for logistics, supply chain operations, and client visits, making it a strategic choice for businesses aiming to thrive in a connected environment.
Whether you're looking to expand your investment portfolio or seeking a dependable site for your business operations, 3/116-118 Mitchell Avenue presents a compelling proposition. It's not just a space; it's a strategic asset designed to align with the goals of forward-thinking investors and business operators. Don't miss out on this industrious opportunity to own a part of Kurri Kurri's thriving industrial sector.
SMS 116Mit to 0428 166 755 for a link to the online property brochure.
