8 Torrens Avenue, Cardiff
LIGHT INDUSTRIAL / EXISTING WAREHOUSE with INCOME / DEVELOPMENT OPTIONS @ CARDIFF
RARELY AVAILABLE AT THIS LOCATION Zoned Light Industrial established Warehouse with three lettable areas, fully leased, provides shopfront sales and product display, administration offices, high level clear span manufacturing & material storage, multiple high clearance roller door access, staff amenity, heavy duty hardstand & parking, There is a drive around truck /vehicle access, signage on a wide frontage rectangular 3,095 m2 (approx) site, Ideally centrally located in Cardiff's long established Industrial area, a fringe suburb between Newcastle CBD and Lake Macquarie, is well positioned to quickly connect to main arterial and link roads, plus north/south M1 east coast expressway, east/west Great Western Highway. Owned by the same family for their manufacturing business for many years. This site has a currently passing net rental income of approximately $139,200 pa, The tenants pay 100% of the outgoings averaging $9,900 pa for three separate lettable areas. The existing building may suit an investor or future owner occupier for part of the space with rental income from other suites, or landbank with rental income during a development approval period as there is a strong demand for smaller flexible spaces, a future knock down and rebuild with options for a larger administration warehouse complex or multiple smaller warehouse units to rent or sell provide opportunity. The choice is yours. This type of offering at 8 Torrens Avenue, Cardiff is not often available in this tightly held location, current market sales indicate a price point of $3,700,000 to $3,900,000 may be achieved. We are instructed to submit all genuine offers to the vendor. Contact Bill Quirk on 0402 957 055 for further details and an inspection.
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