20 Grieve Road

West Gosford NSW 2250




Positioned on approx. 1538m2 parcel of land and constructed of brick and metal clad.
The total building area is approx. 618m2 and comprises of two separate warehouses with two separate tenancies in place.

Zoned IN1 General Industrial and positioned at the end of Grieve Road, West Gosford in the heart of the Industrial precinct.

Unit 1 has open warehouse space with amenities at the rear and mezzanine offices above.
Unit 2 is also an open warehouse with additional internal roller door, office and amenities at the front with storage mezzanine above.

A concrete hardstand and parking area is located to the front of the building.

The units are leased on a Gross rental basis of $26,004.00 Gross per annum + GST and $28,007.76 Gross per annum + GST, respectively with 3% annual increases. Both leases expire on 14 September 2021, however both tenants are established and keen to stay on.

There is potential for a rental increase following expiry of these leases to improve the net yield as they are currently rented slightly under market value.

Handy location with services and other businesses close by and only a few minutes into Gosford CBD.

TO BE AUCTIONED 26th June ,2020 @ 11am
Lions Club Community Hall
8 Russell Drysdale St, East Gosford