Commercial Property: City-fringe storage in new Carrington development

NEW OFFERING: Units range from 67 to 390 square metres in this Carrington warehouse and office or storage unit development being sold off the plan.
NEW OFFERING: Units range from 67 to 390 square metres in this Carrington warehouse and office or storage unit development being sold off the plan.

The second stage of a Development Application approved mixed-use project on the former site of Metso Minerals in Carrington is set to be released to market as stage one proves popular.

Byrne Tran, of Colliers International, is marketing the project off the plan. The planned development at 37 Darling Street has 54 units over two stages with prices from $165,000.

“The first part is storage units and the second warehouse and office units,” Mr Tran said. 

“Stage one is almost sold out and we’re launching into the marketing of stage two. 

“This development provides the market with real city-fringe storage units or business premises, which is really hard to come by, and part of this development’s popularity is pure convenience.

“It’s probably arguably the best or one of the better industrial developments in terms of enquiry and take-up rate.”

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GATESHEAD INVESTMENT

Knight Frank’s Neil Sinclair is marketing 35-39 Pacific Highway, Gateshead with a long-term tenant in the Kelly Trotter Motor Group through an expressions of interest campaign.

He said it presents the opportunity to invest in a fully leased, purpose-built automotive sales and maintenance centre.

“Retail investments in prime locations such as this are highly sought after, with investors increasingly seeking out high-preforming assets with a proven track record,” he said.

LONG-TERM TENANT: Knight Frank is marketing 35-39 Pacific Highway, Gateshead through an expressions of interest campaign.

LONG-TERM TENANT: Knight Frank is marketing 35-39 Pacific Highway, Gateshead through an expressions of interest campaign.

FORMER LIBRARY HITS THE MARKET

The site which housed the former Singleton library at 188 John Street is being marketed for sale or lease by Burgess Rawson.

The site is 2406 square metres in size, has 518 square metres of office space plus on-site parking and a flexible B4 zoning.

SCOPE: The site of the former Singleton Library is being offered for sale or lease through Burgess Rawson. It has a flexible B4 zoning.

SCOPE: The site of the former Singleton Library is being offered for sale or lease through Burgess Rawson. It has a flexible B4 zoning.