A premium industrial investment in the Steel River development in Newcastle has been listed for sale by Four Walls Commercial, with Bobby Suminoski and Petra Croker serving as the listing agents.

Unit 1/127 is located at Riverside Drive, located in Mayfield West, Newcastle and presents a promising investment opportunity in Newcastle's thriving industrial sector. 

Mr Suminoski said the strategic location within Steel River, Newcastle's premier industrial estate, enhances its appeal to potential investors.

The industrial unit is situated in a newly constructed industrial duplex development, with a fresh lease secured to Fayt The Label, a national retailer.

The lease spans four years with an option, offering a net income of $233,000 per annum plus GST, added Ms Petra Croker. 

Constructed with full concrete paneling and boasting an eight-metre-high clear span warehouse, the property ensures durability and functionality.

Accessible via two large automated roller doors, the warehouse facilitates efficient logistics operations. Additionally, the office areas feature an attractive glass facade, adding to the property's modern appeal.

Situated within close proximity to key transportation routes including the Pacific Highway, Newcastle CBD, Port, and Airport, the property offers convenience to tenants and easy access for logistical operations.

Steel River is nearing full occupancy and anticipated land sales values exceeding $800 per square metre plus GST, the property presents potential for both steady returns and capital appreciation.

Mr Suminoski said investors seeking a solid opportunity in Newcastle's industrial market may find Unit 127 Riverside Drive an attractive option.

Ms Croker said that with its strong lease covenant, quality construction, and strategic location, the property represents a viable investment prospect in the region's growing industrial landscape.

Interested parties are encouraged to contact Four Walls Commercial for further details and to explore this opportunity.

Newcastle Industrial investment for sale - Four Walls Commercial