75 Pile Road,
Somersby, NSW 2250
Warehouse, Factory & Industrial
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Tenure type
Sold on
Map of 75 Pile Road
11.65% YIELD......... INDUSTRIAL INVESTMENT.......... TENANT IS THE GLOBAL RECYCLING GIANT, REMONDIS GROUP.
The property is located at Somersby, an established industrial precinct on the Central Coast of NSW, approximately 1 kilometre from the Sydney-Newcastle M1 motorway, 8 kilometres west of Gosford and less than 1 hour's drive to Newcastle or Sydney CBD's.
The facility (constructed 2008) is used to process kerbside waste and recycling materials from the Wyong and Gosford local government areas. The facility comprises two distinct functional areas:
(1) Materials Recycling Facility - housing state-of-the-art sorting machinery, plus associated amenities.
(2) Depot - comprising a workshop and associated offices and amenities, plus external parking for trucks, separate parking for all staff, and ancillary service structures such as the fuel bowser.
The property is fully leased to Remondis Australia (a subsidiary of Global Recycling Giant, the Remondis Group - which in turn is part of the Rethmann Group).
The rent is subject to annual reviews to the greater of 3% or CPI (with an annual 5% cap), with market reviews at exercise of the options.
NEXT RENT REVIEW IN JUNE 2015.
Current Net Annual Income - approx. $1,456,393.
Tenant pays all outgoings.
The facility (constructed 2008) is used to process kerbside waste and recycling materials from the Wyong and Gosford local government areas. The facility comprises two distinct functional areas:
(1) Materials Recycling Facility - housing state-of-the-art sorting machinery, plus associated amenities.
(2) Depot - comprising a workshop and associated offices and amenities, plus external parking for trucks, separate parking for all staff, and ancillary service structures such as the fuel bowser.
The property is fully leased to Remondis Australia (a subsidiary of Global Recycling Giant, the Remondis Group - which in turn is part of the Rethmann Group).
The rent is subject to annual reviews to the greater of 3% or CPI (with an annual 5% cap), with market reviews at exercise of the options.
NEXT RENT REVIEW IN JUNE 2015.
Current Net Annual Income - approx. $1,456,393.
Tenant pays all outgoings.
Property ID: 500611243Last Updated: 23 Jul 2015
0407 662 2...
75 Pile Road
Somersby, NSW 2250
MMJ - SydneyLevel 2, 36 Carrington Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
