A modern first class warehouse and office leased to Quality Bakers Australia, a subsidiary of Goodman Fielder on a 5 + 3 year lease commencing 1 July 2010. The property is returning approximately $275, 485.39 per annum net plus GST which is considered to be around 20% under market value.

The property is perfectly designed for warehouse distribution with excellent semi-trailer access, loading docks and loading facilities. The open plan corporate style office can be further expanded on to the 658 m² concrete mezzanine to accommodate a wider variety of tenants along with increasing the possible rental return.

The property is offered significantly below replacement cost of around $3.8 to $3.9 million.

The property is prominently located on the corner of Frost Drive and Riverside Drive within Steel River Industrial Estate at Mayfield West.

The Estate is strategically positioned off the Industrial Highway, leading to Newcastle port facilities and CBD. The Industrial Highway connects to the Pacific Highway less than 2 minutes from the property.

Companies also situated within this popular estate include Fastway Couriers, Ullrich Metals, CSIRO National Energy Headquarters, Newcastle Heliport, Beaurepairs, Horan Steel and HIA Display Centre to name a few.

Site area - 6,419m² (approx).