Unit 1 88 Munibung Road, Cardiff NSW 2285

$3,600,000

Building Area is 1,611.50 m²

Enquire Now Register for Auction

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

Craig Watson

Daniel Heath

Request an appraisal on your property

Sell With Us Enquiry

First Name(Required)

Last Name(Required)

Email address(Required)

Phone number(Required)

Your property address(Required)

Message(Required)

Commercial Collective is committed to protecting your privacy. By submitting this form, you consent to receive additional information related to your specific inquiry. Occasionally, we may contact you about other relevant listings, services, or content that may interest you. You have the option to opt out of these communications at any time. For more details on how we handle your information, please refer to our Privacy Policy.