ASX tenant plus land/50 Mountain Road Warnervale NSW 2259

Knight Frank is pleased to present to the market, 50 Mountain Road, Warnervale, for sale via Expressions of Interest.

This considerable land holding, leased in part to Bunnings Trade: Frame and Truss, provides substantial income and a myriad of potential development and value-add opportunities. These include the development of surplus land and the potential for future rental growth.

An area zoned E4 General Industrial is cleared, serviced, and benched, ready for immediate redevelopment^. There is also a medium-term development opportunity for the surplus land currently leased.

Key Features:

Extensive industrial land holding with substantial income and surplus land for redevelopment
Partially leased to Bunnings Group Ltd, a Wesfarmers subsidiary (ASX: WES), trading as Bunnings Trade; Frame and Truss with over 25 years trading at this location
Current net income of $732,085 p.a. excl. GST*
Leased improvements consist of a high clearance warehouse and office building with a combined gross floor area of 6,643 sqm*, in addition to extensive yard, and hardstand areas
Low site coverage of approximately 4%
Zoning: E4 General Industrial, C2 Environmental Conservation
Located near the M1 Motorway on/off ramp and adjacent to Warnervale Airport
Established central coast industrial precinct, strategically located between Sydney and Newcastle.
Positioned withing the Wyong Employment Zone Urban Renewal Transformation Strategy Precinct.

Expressions of interest are welcomed, closing on Thursday, 21st November 12pm AEDT.

*Approximate
^Subject to Council Approval