A prime industrial site at Wyong is to go to public auction on June 19.
Colliers, as exclusive selling agent, will be offering the corner block at 18 Donaldson St and 3 Willow Tree Rd for sale.
Underpinned by a new 10-year lease, with extensive hardstand and dual allotments, Colliers says the property presents a rare and diverse offering within the established Wyong industrial precinct.
Situated with close proximity to arterial roads and the M1 Pacific Motorway, the site comprises two freehold regular shaped industrial land parcels with a total combined site area of 6,012sqm.
In a prominent corner position with dual street access, the site has potential for future development, with $100B in transport infrastructure projects, either underway or in the pipeline in the surrounding area.
The site has ample on-site parking with excellent truck access.
Nearby occupiers include Valspar, Donaldson Australasia, Dahlsens, Freight Specialists, Amarcon Group and Parchem.
“The Central Coast region has experienced continued rapid economic growth since the onset of COVID-19 and the migration of residents to regional locations,” the prospectus says.
“Current improvements (to the site) include a warehouse and office with a combined building area of 1,261sqm.
“The site offers excellent truck access and visibility, featuring extensive hardstand and ample on-site parking.
“A new 10-year lease to long standing tenant, Heyden Frame and Truss, commenced on May 15 with a net annual income of $234,000 per annum.
“The property is positioned within the established Wyong Industrial Precinct (with) direct connection to the M1 Pacific Motorway 10km north-west.”
The auction will be held at 10.30am on Thursday, June 19.
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