Bathurst is 200Km northwest of Sydney and is the oldest inland British settlement in Australia. Bathurst is focused on education, tourism and manufacturing to drive the economy. Education is the foremost industry driver with Charles Sturt University, TAFE, primary, secondary, public and private schools.

The Bathurst Regional Council population forecast for 2021 is 45,240, and is forecast to grow to 53,361 by 2036. The growing immediate area Kelso population [currently 11,822] is forecast to grow to 14,387 by 2036. Recent land re-zoning opposite the Gateway will see an extra 4,000 residential blocks released, which will be home to an estimated 10,000 people. There are multiple new residential subdivisions applications lodged with Bathurst Council.

25 Michigan Road is a large industrial warehouse complex, constructed on a 12,890sqm block.

The warehouse is a brand new construction with concrete and metal cladding, the fit out consists of a large office mezzanine, with multiple individual offices, meetings rooms, ground floor reception foyer and kitchen/breakout space.

The building has high clearance clear span warehouse with special treated concrete slab for specialist manufacturing equipment. Internal ceiling and lighting to office area, it also features high bay LED lighting throughout. The building area is 2,331sqm, multiple electric roller doors, wide drive way for truck and delivery access.

Fully leased to Msquare energy which is a solar panel manufacturing company with supply contracts in Australian and the United States. There is a new 5 year lease with a further 2 five year options and attractive 4% annual rent increases. The property is a unique investment in the Bathurst market located within an industrial precinct of Kelso the Gateway to the Bathurst Orange region. There is opportunity for further development as there is only one building currently on the block.

Highlights

– Secure commercial Investment
– Future Development opportunity to balance of land
– Net Rent $357,700 + GST
– Long Term 5 Year Lease + Options
– 4% annual increases
– Strong Tenant in Growth Industry
– Power upgrade to 400amp with capex of $280,000 investment by Lessee
– Installation of solar panels at Lessee cost also
– Block Area – 12,890sqm
– Building Area – 2,331sqm

For Sale by Private Treaty

Sale Price – $5,450,000

For further information or to arrange an inspection please contact Steve Burke on 0428 434 464 or Michael Burke on 0491 628 839.