Industrial Asset Hits the Market in High-Demand Steel River Estate
Offering A Secure Income Stream in an Established and Robust Precinct
Mayfield West NSW, November 2025 – The sale of 7 Riverside Drive, Mayfield West in Steel River Estate presents an opportunity to secure a tenanted industrial asset, capitalising on high investor/occupier demand, continued rental growth and record-low industrial vacancies in Newcastle and the Lower Hunter markets.
The industrial asset is being offered with reputable engineering tenant, Advitech (operating under Emergent Group), returning $398,000 net per annum plus GST. The lease commenced on 1 November 2025 for a three-year term with a three-year option, with the tenant responsible for 100% of property outgoings including council rates, water, land tax, insurance, property management costs along with repairs and maintenance.
Constructed in 2010 by ATB Morton, the industrial property offers a modern facility, combining high-quality office, laboratory, and warehouse accommodation. The property forms part of a Community Titled subdivision within the Steel River Estate, providing a total area of 1,772 sqm* on a 4,693 sqm* site, with 34 on-site car spaces.
Steel River Estate is located approximately 10 minutes west of Newcastle CBD and 15 minutes from the Port of Newcastle, providing direct access to key transport corridors including Industrial Drive, Tourle Street, and the M1 Pacific Motorway. The long-term appeal of Steel River Estate continues to strengthen with sustained public and private investment, including the $2.1 billion M1 Pacific Motorway Extension to Raymond Terrace, Port of Newcastle’s expansion and clean energy precinct initiatives, Newcastle Airport upgrades, and Ausgrid’s Battery Energy Storage System (BESS). These projects strengthen accessibility, connectivity, and energy resilience, further supporting asset stability and future rental growth.
Steel River Estate has evolved into a premier hub, accommodating more than 300 businesses across logistics, engineering, manufacturing, and research-based sectors. The estate’s diversified tenant profile, including CSIRO Energy Research Centre, StarTrack, Bradken, Vulcan Steel, and Fraser Motorcycle, reflects Newcastle’s transition toward advanced industry and technical services supported by a skilled workforce.
With vacancy rates sitting below 4%, industrial investments with quality tenants remain highly sought after, particularly within inner-city precincts where land supply is limited. Steel River Estate offers modern buildings, adaptable layouts, and minimal remaining development land, reinforcing stable occupancy levels and robust rental performance.
The region continues to attract sustained investment and business expansion with Gross Regional Product (GRP) of $21.06 billion, over 102,800 local jobs, strong sectoral growth across health, education, construction, and trade, and a population projected to reach 205,445 by 2046.
“Newcastle’s broader economic fundamentals reinforce investor confidence, demonstrating 7 Riverside Drive as a compelling opportunity to invest in one of Newcastle’s most competitive and tightly held precincts within a consistently performing industrial market”, said Byrne Tran, Partner and Head of Sales and Leasing at Commercial Collective.
Additional key highlights of this property include:
- Lease commenced 1 November 2025
- 3-year lease with 3-year option
- Leased to Advitech part of Emergent Group
- 1,772 sqm* Total building area
- 4,693 sqm* Site area
- Professional reception area, 34 on-site car spaces, multiple offices, meeting and training rooms, laboratory space, and a 483 sqm* warehouse with mezzanine and three motorised roller doors
- Zoned E4 General Industrial
The property will be auctioned for sale on Wednesday 17 December 2025 at 11am.
Commercial Collective’s team are highly experienced in matching opportunities in sought-after locations to Investors and this opportunity is thought to be well-received in such a high-demand market.
