30 Camfield Drive

Heatherbrae NSW 2324

Executive Summary:- Address: 30 Camfield Drive, Heatherbrae- Legal Description: Lot 121 in Deposited Plan 1092660- The Opportunity: Fully leased asset in prime location offered as a going concern with solid 6.13% yield*- Lease Details: $222,000 plus GST (3-year term) ending on May 2027 with a 3 x 3 year option- Land Area: 4,224sqm- Main Building: Workshop: 48.48m x 22.01m = 1,067sqm, Office & Amenities: Two levels of 132.06sqm = 264.12sqm, Total Size: 1,331sqm approx.- Concreted Area: 2,445.7sqm- Secondary Rear Shed: 16m x 20m = 320sqm of shed plus covered area between two buildings at 60sqm (Please note this is not council approved)- Zoning: E4 General Industrial Zoning- Local Council: Port Stephens CouncilProperty info:- This prime industrial warehouse is a standout investment opportunity, offered as a going concern with two established long term tenants.- Generating a market rent of approximately $222,000 + GST per annum, the property delivers a solid 6.13% yield on a purchase price of $3,750,000.- The facility is exceptionally well specified, featuring a 5m x 5m high clearance roller door, 150mm thick concrete walls, flooring and driveway areas, and robust 200 amp electrical capacity with extensive lighting throughout.Services are well integrated with power, two welding gas lines and an airline mounted high on a cable rack, with gas line diagrams available from the vendor. Fume extraction system (fanquip).- Improvements include a substantial 320sqm secondary shed (16m x 20m), plus a 60sqm covered area between the main buildings, a 50kW solar system (to remain, with capacity to expand), and a 20kW ducted air conditioning system (Daikin RZQ200LY1).- All fencing and gates are to remain (non remote), with tenant installed laser fit out to be removed upon vacancy. Strategically located near key transport routes, this high quality industrial asset combines secure income with excellent long term growth potential.- Impressive industrial holding on a 4,224sqm site, featuring approximately 2,445.7sqm of external concreted hardstand, a substantial 1,067sqm main workshop (48.48m x 22.01m), complemented by 264.12sqm of modern two-level office accommodation (132.06sqm per level including amenities), delivering a total overall building area of 1,331sqm.Strategic Location & Potential Growth:- Heatherbrae is a thriving hub for warehousing, distribution, and manufacturing, benefiting from its prime location along the Pacific Highway and its proximity to the expanding M1 Pacific Motorway.- This precinct is home to several anchor tenants and major businesses that drive demand and create a dynamic ecosystem for new and existing enterprises.- The area's development infrastructure and strong transport links have attracted significant interest, further boosting its appeal for businesses seeking to expand or relocate.- This property provides an exceptional opportunity to capitalize on the growing demand for industrial and commercial space in a high-growth corridor.- With strong anchor tenants, excellent connectivity, and proximity to key infrastructure, this property is a secure and lucrative investment in one of the region's most desirable commercial precincts.Lease Terms:- Term: Three (3) Years- Commencing Date: 15-May-2024- Terminating Date: 14-May-2027- Option to Renew: For a period of three (3) years and a further three (3) years- Annual Increase: Percentage of outgoings: One hundred percent (100%) - - CPI reviews apply annually.Disclaimer:All information contained herein is gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.