Rarely offered to market, this industrial site is situated in the heart of Gunnedah’s industrial precinct. It offers dual road frontage to the bustling Oxley Highway (68m) and Borthistle Road (67m) and comprises two allotments (Lot 4 -5874m2 and Lot 6 – 5720m2) totalling 1.159hectares.
This site is only 79kms to Tamworth, 97kms to Narrabri and 104kms to Coonabarabran.
The property is currently occupied by Double R Gunnedah Branch, a trusted authorized dealer of New Holland equipment with deep community roots.
The existing lease includes options to 2050, making this the ideal long-term investment to add to your portfolio. At the take up of each option period there is an opportunity for a market rent review, with strong 3.5% annual increases.
The properties improvements comprise a front office block (240m2) with air conditioning and male/female amenities, a large industrial shed (workshop 492m2) being steal framed with galvanised iron cladding, concrete flooring and a washdown bay. At the front of the site there is a customer car park, with the remainder of the site, comprising a hard stand area for storage of machinery or future development.
Seize this exceptional investment opportunity to secure your financial future. Contact us today to explore the potential benefits of owning this prime commercial property with Double R as your tenant. For inquiries, please contact Ewing Real Estate.
*Please note that all information provided is based on data available up to September 2023, and current details should be verified with the property owner or real estate agent.