Exceptional investment opportunity in Boolaroo
Rare opportunity to invest in a state-of-the-art facility in Boolaroo comes onto the market.
111 Munibung Road, Boolaroo has recently come onto the market for sale, listed exclusively with Commercial Collective. This large scale, fully equipped A Grade property is a rare find in Boolaroo. “I would consider this to be among the best that the Newcastle region has to offer in terms of A Grade industrial facility” said Byrne Tran, Partner and Co-Founder of Commercial Collective.
The modern, state of the art facility is an investment opportunity rarely seen in this market with a long-term lease in place with established tenants Sheffield Group Pty Ltd for the next 10 years with options to extend for another 5 + 5 years at a secure income of $1,200,000 net per annum plus GST.
Sheffield Group, a fourth generation, Australian owned company, is well known as a global tools manufacturer, having been in the market since their establishment in 1970. “Senior Sales Executive Brad Crouch added “we are expecting to see strong interest in this property given the excellent lease term with Sheffield Group within one of the best assets in the Hunter region”. The property will be sold via Expressions of Interest closing on 20th July at 12pm.
Commercial Collective’s team are highly experienced in sourcing rare investment opportunities in sought after locations. Helping to empower our clients by unlocking capital in their investments is our unwavering commitment.