29 Station Street, Martins Creek NSW 2420

Auction Date: May 22, 2024

State Significant Resource with a long-term lease

Auction Location: 10 Newcomen Street, Newcastle

For Sale by Public Auction on 22 May 2024 at 11am

Martins Creek Quarry provides an opportunity to secure a hard rock quarry with long term extractive approvals in place. The 25 year lease for the site commenced 1 December 2012 and expires 30 November 2037 to a market leading civil construction company. Comprising seven lots, the land parcel is 127.28ha* with the remaining andesite in-situ resource estimated to be 51 million tonnes as at 2024.

The site's accessibility to major markets is a key feature, with its proximity to the Pacific Motorway and New England Highway providing easy connectivity to Sydney, Newcastle and the Hunter Valley. The site is also connected to the main North Coast Rail Line, which connects Sydney and Brisbane and is key freight line. Importantly, the site is improved by an operational dual line rail spur which enables efficient loading of material.

- Lease Term: 25 years
- Option Term: 10 years
- Initial Lease Expiry: 30 November 2037
- Expansive 127ha*
- Net Passing Income (as at 1 December 2023) $1,610,000*

*Approximately