Swanson Industries site at Lambton & Broadmeadow up for sale
Lambton & Broadmeadow NSW, February 2024 – Swanson industries has confirmed their intent by exercising a new 10 year + 5 year lease at both Newcastle facilities.
The combined assets provide a total of 22,449 m2 land and 12,050 m2 of building improvements and are historically best identified as the former Jarvie Engineering Business which was established in 1971 and later acquired by Swanson Industries in 2014. Both sites are strategically located on the fringe and benefit from main road exposure and ever-increasing density, as the city continues to grow.
The properties will be offered for sale separately or in one line and are long-term, set and forget investment opportunity with a 10-year lease to an established tenant, Swanson Industries Australia.
The combined net income is approximately $1,142, 756 net per annum + GST.
Swanson Industries is a leading provider of engineered hydraulic manufacturing and repair services with a long-term history of providing services to mining, industrial, agricultural and marine markets.
The properties will be sold via expressions of interest closing on 21st March 2024.
Contact Adam Leacy or Benjamin Morello for more information about this property opportunity.
