Two outstanding Central Coast industrial investment properties, Buildings A and B of 0 Corella Close, Berkeley Vale 2261, have each been acquired for more than $5 million, offering the two astute private investors who secured them an unparalleled opportunity to own fully leased assets with impressive growth potential.
According to selling agent Brad Rogers, Director of Commercial Sales and Leasing at Raine & Horne Commercial Central Coast, Building A sold for $5.2 million, and Building B sold for $5 million.
“These modern industrial buildings, constructed just one year ago, promise strong depreciation benefits and a bright future in rental income,” he said. “Multiple access points for each building facilitate seamless internal workflows, production processes, and inventory management.”
Completed in 2022 the buildings blend in ideally with the established surrounding blue chip businesses including Sanitarium, Mars Foods and Linfox Food distribution and enjoy easy access to the M1 Motorway. Also, B-double approved access roads surround the property.
The tenant of Building A is Kennard Group Holdings, which signed a 6-year + 9-month lease on 1 October 2022. The tenant has a 5-Year renewal option, and the annual rent is $320,000. Building B is leased to air conditioning specialist Inovaair Australia Pty Ltd on a 5-year + 5-year option and a current rental of $317,750 per annum.
“Situated in a prime location with an outstanding internal height of approximately 16 metres, these properties maximise cubic capacity, catering to a wide range of warehousing and logistic needs,” Mr Rogers said.
“We had between 20 to 25 serious enquiries from discerning investors seeking a larger product on the Central Coast.”
Mr Rogers added, “These sales represent a significant achievement for the area, demonstrating the strong demand for quality industrial properties in Berkeley Vale.”
For all your commercial property sales, leasing, and property management needs, contact Raine & Horne Commercial Central Coast on 02 4302 2999.