R2-4429096-Cardiff-2025-05-14-084142 SOLD
R2-4429096-Cardiff-2025-05-14-084142-1
R2-4429096-Cardiff-2025-05-14-084142-2
R2-4429096-Cardiff-2025-05-14-084142 SOLD
R2-4429096-Cardiff-2025-05-14-084142-1 SOLD
R2-4429096-Cardiff-2025-05-14-084142-2 SOLD

Unit 1 88 Munibung Road, Cardiff NSW 2285

$3,600,000

Area
  • Building Area is 1,611.50 m²
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    Auction Date: June 18, 2025

    Modern industrial investment with 5 year lease

    Auction Location: In Room or Online

    For Sale by Public Auction on Wednesday 18 June at 11am (in-room and online)

    Leased to Howes Management Pty Ltd on a new 5-year term, this industrial asset returns $230,870 net per annum + GST, providing immediate income supported by an established operator in the steel and building supply sector. Situated in one of Lake Macquarie's most in-demand industrial precincts, the property comprises a high-clearance warehouse with office and showroom space, modern staff amenities, and a functional layout suited to a range of uses. With strong location fundamentals, minimal management, and ongoing tenant commitment, this is a secure, low maintenance investment. The current rental at $143/sqm net per annum provides plenty of scope of future rental upside with average rents for similar buildings between around $140/sqm to $160/sqm net per annum.

    - 5-year lease returning $230,870 net per annum + GST (commencing 25/06/2025)
    - Well-established operator in the steel and building supply sector
    - Zoned E4 General Industrial, supporting long-term flexibility across uses
    - Excellent connectivity to Pacific Highway and M1 Motorway
    - Munibung Road exposure
    - 1,611.5sqm* building area
    - Invest in an area with low vacancy rates and proven tenant demand
    - 16 car parking spaces and semi-trailer turning circle access

    *Approximately

    • Enquiries: 82
    • Bidders: 2
    • Bids: 3

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