



The property comprises a substantial engineering workshop complex situated on a 4.504-hectare* site, incorporating generous hardstand areas and on-site car parking. Occupying a prominent corner position within the established Mount Thorley industrial precinct, the property provides four tenancies across three workshop facilities, an office building and associated hardstand areas. The asset is anchored by a 5-year triple net lease to WesTrac Pty Ltd and complemented by a lease to Salmon Earthmoving Holdings Pty Ltd who occupy one of the hardstand tenancies. Key highlights include • Leases secured to WesTrac Pty Ltd & Salmon Earthmoving Holdings Pty Ltd • 5-year triple net lease to WesTrac Pty Ltd • Passing income of $705,000 per annum based on a current occupancy of 77% (by GLA) • High quality workshop improvements • Multiple gantry cranes ranging from 10 to 70 tonnes capacity • Opportunity to enhance income and capital value through leasing of vacant tenancies. • Two titles of land providing flexibility and potential value add opportunities. This offering represents a rare opportunity to acquire a significant industrial holding within the Hunter Region, underpinned by secure dual income streams, high calibre tenants and a low site coverage providing potential for future expansion and value creation *Approximate.
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Property ID: 505177224
Original Property ID: 505177224