30 Verulam Road,
Lambton, NSW 2299

Warehouse, Factory & Industrial • Shops & Retail

Price information

Sold

$2,203,000

Key property information

Land area

Floor area

Tenure type

Sold on

Map of 30 Verulam Road

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Freestanding Industrial Investment. Leased to October 2020 Plus Option.

Leased to Specialised Wholesale & Plastics - 25 yrs in Newcastle.
Tenant has parent co guarantee by multinational engineering giant Inenco Group - 160 locations in Australia and overseas.
Functional showroom, office and warehouse facility with on-site car parking.
Large site of 3,984 sqm with future redevelopment opportunities.
Inner city Newcastle location, 5 kms from CBD.
Easily managed single tenant investment.
Tenant pays all outgoings as per lease.
Attractive 3.9% annual rent increases.
Net Income: $199,480 pa + GST (as at June 2015).

Auction 2pm AEDT Tuesday 24 February
50 Margaret Street Sydney

Rhys Parker 0451 101 0...
Dean Venturato 0412 840 2...

Property ID: 501431307Last Updated: 28 Apr 2015