Description

Morisset Industrial Estate is located just east of the M1 Motorway and at the gateway of Morisset, this industrial estate has a great variety of industrial and showroom style stand alone buildings and strata units housing some national brands such as Bunnings, Home Timber & Hardware, Anytime Fitness, KFC, Burson Auto Parts, & Avan NSW.

Chapman and Frazer are proud to launch this great offering within one the Lake Macquarie’s in demand Commercial & Industrial Parks by way of Auction for 24 Gateway Boulevarde, Morisset.

This fantastic opportunity is located on the corner of Gateway Boulevarde and Advantage Avenue within the Morisset Industrial/Business Estate. The property consists of 2,238sqm (approx.) of land area, zoned B7 Business Park, with a freestanding building positioned toward the north/western corner and 1,300sqm (approx.) of concrete hardstand and compacted gravel hardstand area.

This is a either a great investment opportunity with a current lease set to expire at the end of January 2020 to At Call Hire, who are paying a below market rent of only $48,000 per annum, giving the ability for rental upside or, alternatively, this is a great opportunity to buy the property to potentially occupy with the ability to move in from February.

*showroom on floor plan was installed by the tenant and is not to be included in the sale.