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NSW Government Leased Industrial Investment

242 Nolan Street, UNANDERRA NSW, 2526

Sold

Property Sold in 242 Nolan Street, UNANDERRA NSW, 2526

Burgess Rawson Sydney

Level 18, 15 Castlereagh Street, Sydney, NSW 2000

Listing ID:
11312394
Status:
Sold
Price:
Contact Agent
Last Updated:
15/11/2018
Icon building

Property Type

Medical/Consulting/Offices/Retail
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Land Area

16635 SQM
Icon size

Floor Area

1548 SQM
Icon parking

Parking

N/A

NSW Government Leased Industrial Investment

Auction 11am Tuesday 11 September 2018
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

5 year lease to 2021 + options to 2031
Lease to NSW Government (RMS)
Wollongong is experiencing massive population growth
Current population 212,630 forecast to increase by over 19% by 2036 Unanderra, established warehousing and distribution hub for the region
Strategic position near M1 Princes Motorway linking Sydney & Wollongong Under 10 minutes to Port Kembla, an important international gateway
Huge 16,635 sqm land area – massive future potential
Building area 1,548 sqm
IMPORTANT – incorporates rare Heavy Vehicle Inspection facility, vital for road haulage
Tenant pays all outgoings (as per lease)
Valuable 3% annual rent increases
Easily managed Government leased investment
Net Income: $237,747 pa + GST

For more details, please email agent

Burgess Rawson Sydney

Level 18, 15 Castlereagh Street, Sydney, NSW 2000


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