8 Melva Place
Investment - Deceased Estate
Public Auction: 17th November 2016
Net Return: $316,333pa
In the heart of the Hunter Valley coalfields this huge industrial property has been leased to the same tenant for the last (14) years and they have just renewed their lease again. Downer Blasting processes and emulsifies ammonium nitrate for direct delivery to the mines. Downer Blasting is a part of the ASX Listed Downer group of companies.
Situated on the Putty and Mount Thorley Roads flyover this property consists of (3) land titles with (2) access points. Other significant features include:
Separate office building
Total land area: 48,000m2 (approx)
Total building area: 4,020m2 (approx)
The Executors of the Estate are very realistic in their price expectations and have a strong desire for the property to be sold prior to Christmas even if it means double digit returns to the investor.
WE'VE CONSISTENTLY BEEN THE GO-TO TEAM FOR ALL LEASING, SALES, MANAGEMENT, AND ADVICE - WITH A SMILE.
We're all about opening possibilities. Moving up, down, across, bigger, better - or as we like to say "Always a good move". We're shaking things up to do things differently, better, more effectively. Because, at the end of the day, it's really all about you. What do you want? What's your next move? How can we make that the best possible experience for you, your property, your lifestyle, your business? That's why we're here. That's what we do, and we have the team and the insights to make that happen.