WAREHOUSE INVESTMENT OPPORTUNITY WITH LONG-TERM TENANT
A warehouse/office building with a long-term national tenant is being offered for sale in Raymond Terrace, north of Newcastle, by Ray White Commercial.
The 540 sqm warehouse located at 12 Carmichael Street, Raymond Terrace, which is only metres from the main town centre, is being marketed by Ray White Commercial Newcastle Director John Parnham.
John Parnham said the investment property was being offered for sale for $680, 000 and was currently occupied by Nova shower screens and wardrobes who had taken out a 5 x 5 year lease.
“It’s a hassle free, long-term investment in an emerging area,” said John Parnham.
“The property offers an approximate net rental return of $52,000 per annum and is situated among other quality businesses.”
John Parnham said the property comprised of seven modern offices with ducted air conditioning, a boardroom and complete bathroom and kitchen amenities.
“It’s an open plan warehouse with a showroom and office/mezzanine areas,” he said.
“The property is fully fenced and secure with on-site parking at the front entrance.
“It’s also in a prime position only 300 metres from Raymond Terrace and the main shopping centre which includes a Woolworths, Big W, Chemist and various other retailers.”
John Parnham said Raymond Terrace had become a sought after location for commercial buyers.