Tuggerah Investment Opportunity for Sale at Auction

Tuggerah Investment Opportunity for Sale at Auction

A tenanted office/warehouse investment opportunity in an industrial precinct at Tuggerah on the NSW Central Coast is being offered for sale via auction by Ray White Commercial Newcastle.

The property on an approximately 2,719 sqm site at 16 Mildon Road, Tuggerah, is being marketed by Ray White Commercial Newcastle’s Lee Follington.

Lee Follington said the property, which has two individual tenancies occupying a total lettable area of approximately 1,254 sqm, is being offered for sale for the first time.

“This is a tremendous investment opportunity with the property having two established tenants and returning net rental income of approximately $97,000 per annum,” he said.

“The property is strategically located within the original industrial precinct of Tuggerah, while Tuggerah Business Park is situated to the south, and comprises a recently developed business park.

“The property benefits from being located on a prime block fronting Mildon Rd. Adjoining the property are a range of industrial units accommodating small to medium sized businesses. Directly to the south west of the property is Westfield Tuggerah, accommodating over 220 specialities, including a Coles, Woolworths, Big W and David Jones. Directly to the south east of the property is Tuggerah Business Park, accommodating over 20 home and lifestyle speciality stores, including Bunnings, The Good Guys and Fantastic Furniture.”

Lee Follington said the site is conveniently located to the Pacific Highway and the M1 Motor Way, while the main north railway line at Tuggerah train station is approximately 800m away.

The property will be auctioned at 10.30am (AEST) on Tuesday, July 26, 2016, at Mezzanine Level, 50 Margaret Street, Sydney.