A premium industrial investment in the prominent Steel River industrial precinct has hit the market.

Located at 16 Channel Road and 4 Pambalong Drive in Mayfield West, the property is being offered for sale through Knight Frank’s Dan Barry and Michael Boom via an Expressions of Interest campaign closing Thursday 28th July at 4pm (AEST).

Offering a new five-year lease to Instant Access Australia, the corner property has a net income of $307,978 per annum with annual rent reviews to 3%.

The property is over two titles of 5,189 square metres and 1,162 square metres with the combined land area totalling 6,351 square metres. Zoning is IN1 General Industrial.

Improvements include a high clearance warehouse of 1,500 square metres and a two-level office of 380 square metres. Total floor area is 1,880 square metres

There is also a substantial hardstand area with drive around access.

Mr Barry told The INDUSTRIALIST, the property is unique in the sense that if offers a fantastic income stream yet still has future development potential given the surplus land component and the two titles.

“Being only 10 minutes from the Newcastle CBD, we expect this asset will attract strong interest,” he said.

The Steel River Industrial Estate is within close proximity to the airport and just five minutes to Kooragang Island Terminals. The estate covers more than 100 hectares of prime industrial land with blue chip tenants including CSC Australia, CSIRO Energy Research Centre and Horan Steel Holdings.

Knight Frank agent, Michael Boom added, “Strong appetite for industrial property in Newcastle has continued throughout 2022 with Mayfield West (Steel River) being one of the standout estates for growth.”

To request a copy of the Information Memorandum please contact one of the marketing agents Knight Frank’s Dan Barry and Michael Boom via the contact details below.