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20-24 Wyee Road, MorissetA duo of freestanding warehouses in a tightly held pocket of Warners Bay offer owner occupiers the chance to operate their business from one building – and collect an income from the other.
Standout: Knight Frank agent Michael Boom said interest in the Tons of Tiles site had been strong “given the property’s exposure to Macquarie Road”.
Tons of Tiles is closing its doors after serving the region’s tilers, tradies, home owners and renovators for the past 37 years and is holding a closing down sale to clear its ceramic, porcelain, stone and mosaic products.
Michael Boom and Dan Barry from Knight Frank Newcastle have listed the metal clad warehouses on 3862 square metres at 246 Macquarie Road for expressions of interest, closing 4pm on August 31. “It’s zoned B7 business park zoning, which is quite flexible,” Mr Boom said. “It may go to a warehouse distributor or hardware and building suppliesbusiness, but the zoning also allows for a medical centre, respite day care centre, take away food and drink and a child care centre.
“Warners Bay is a very tightly held market andpropertiesof this size don’t come to market that often.”
The first building measuring around 769 square metres includes a 200 square metre ground floor showroom and a 569 square metre warehouse. The second building measuring 1305 square metres comprises a 175 square metre ground floor showroom and a 1130 square metre warehouse.
The property has space for 15 cars to park and also has drive through access.
MORISSET ON MOVEDEMAND for industrial and commercial land in Morisset is at a “record high”, according to Colliers International’s Ben Curran, who is marketing two developments in the suburb. “Average industrial land values in Morisset for blocks below 7000 square metres have increased 55 per cent since 2013,” Mr Curran said. He is marketing 10 hectare subdivision, Morisset Business Parkat 20-24 Wyee Road, and said two thirds of stage one was under offer.“We are seeing the demand come from local businesses looking to expand, investors speculating on growth in the area and Sydney based occupiers looking for better value than the inflated Sydney market.” He is also looking for an anchor tenant for a large format retail development at 76 Mandalong Road.
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