2 Magpie Street, McDougalls Hill, NSW 2330
Industrial/Warehouse
|Showrooms/Bulky Goods
Contact Agent
Published on: 07 Jun 2024
Last updated on: 30 Jun 2024
Property ID: 504610768
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Key property information
Land Size
5,882.00 m2
Floor Area
1,530.00 m2
Tenure Type
tenanted
Prime tenanted investment opportunity
2 Magpie Street, McDougalls Hill, NSW 2330
For sale by Expressions of Interest closing 11th July 2024 at 4pm AEST Situated on a substantial site area of 5,882 square meters, 2 Magpie Street is a prime investment property currently occupied by Singleton Self Storage and GB Auto Group. The property is fully let, ensuring a solid income stream. Singleton Self Storage offers 43 units, with development approval secured for 27 additional units, which can be added without affecting any of the existing dwellings. This presents a significant opportunity for further income generation and growth. Key features include: - 43 existing units with DA approval for 27 further units - Generating $171,388* net per annum + GST - Site Area of 5,882sqm - 1 of 3 storage facilities in Singleton and surrounding with a waiting list to lease a storage unit *Approximately
Property Details
Basic Info
Basic Info
Property Type
Industrial/WarehouseShowrooms/Bulky Goods
Listing Status
On Market
Land Size
5,882.00 m2
Address
2 Magpie Street, McDougalls Hill, NSW 2330
Jacob Siever
Adam Leacy
Contact Agent
Email enquiry to Commercial Collective - NEWCASTLE
Jacob Siever
Adam Leacy
10 Newcomen Street, Newcastle, NSW 2300
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Property ID: 504610768
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