City-Fringe Industrial Precinct In High Demand

Carrington NSW, February 2026 - A high-quality, fully refurbished multi-tenanted industrial investment has been brought to market with 16-22 Gipps Street, Carrington, offering investors a secure and diversified income stream within one of Newcastle’s most in demand inner-city industrial precincts. 

 The property is supported by five quality occupiers across essential service industries, including IT, disability services, food production, hospitality and trade retail. This diversified tenant mix provides resilience through economic cycles and reduces exposure to single-tenant risk, positioning the asset as a stable, long-term investment. 

 Following a comprehensive refurbishment completed in 2023, the property now presents with modern finishes, strong functionality and long-term investment appeal. Improvements total approximately 2,156sqm* of building area across a 3,055sqm* E4 General Industrial site, with each tenancy benefitting from individual roller door access, modern amenities and on-site parking. 

 Strategically positioned within Carrington’s tightly held industrial pocket, the property provides immediate access to the Port of Newcastle, Newcastle CBD and major arterial road networks. This city-fringe positioning continues to drive strong tenant demand, while limited industrial supply in inner-city locations has resulted in consistently low vacancy rates. 

The property also has a proven leasing track record, having been fully leased in previous campaigns. 

 Additional key highlights of this property include:    

• Combination of ground floor warehouse and mezzanine office space 

• Metal clad construction with internal concrete block walls 

• Roof foil insulation for improved thermal performance 

• Extensive on-site and rear lane parking with outdoor break area 

• Fully air-conditioned Tenancy 1 

• Rear lane access via Mathison Street for operational flexibility 

“Opportunities to acquire a fully refurbished, multi-tenanted industrial asset in Carrington are exceptionally rare. Investors are strongly attracted to the combination of secure income, diversified tenancy and proximity to the Newcastle CBD and port, particularly in a market where supply is constrained”, said Benjamin Morello, Associate Director, Commercial Collective.  

 “Newcastle is no longer viewed as a secondary or regional alternative. It’s now firmly established as a standalone investment market, attracting interest from Sydney-based and interstate investors seeking stable returns, long-term growth and better value relative to metropolitan markets,” said Isaac Reville, Senior Executive, Commercial Collective.  

 The property is for sale by Auction on 18 March 2026 at 10:30am.   

Learn more about this property here.