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29 Station Street, Martins Creek, NSW, 2420

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29 Station Street, Martins Creek, NSW, 2420

29 Station Street, Martins Creek, NSW, 2420

Properties / Sold / New South Wales / Martins Creek
Tenanted Investment

1. Property Summary

Selling Method
Auction
Selling Details
Contact Agent
Land Area
127 hectares (*approx)
Property Type
Land
Terms
25 year lease for the site commenced 1 December 2012 and expires 30 November 2037
Est. Income
$1,610,000 p/a
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2. Property Highlights

State Significant Resource with a long-term lease
  • Net Passing Income $1,610,000*
  • Lease Term 25 years + 10 years
  • Expansive 127ha*

Auction Location: 10 Newcomen Street, Newcastle

For Sale by Public Auction on 22 May 2024 at 11am

Martins Creek Quarry provides an opportunity to secure a hard rock quarry with long term extractive approvals in place. The 25 year lease for the site commenced 1 December 2012 and expires 30 November 2037 to a market leading civil construction company. Comprising seven lots, the land parcel is 127.28ha* with the remaining andesite in-situ resource estimated to be 51 million tonnes as at 2024.

The site's accessibility to major markets is a key feature, with its proximity to the Pacific Motorway and New England Highway providing easy connectivity to Sydney, Newcastle and the Hunter Valley. The site is also connected to the main North Coast Rail Line, which connects Sydney and Brisbane and is key freight line. Importantly, the site is improved by an operational dual line rail spur which enables efficient loading of material.

- Lease Term: 25 years

- Option Term: 10 years

- Initial Lease Expiry: 30 November 2037

- Expansive 127ha*

- Net Passing Income (as at 1 December 2023) $1,610,000*

*Approximately

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

1. Property Summary

Property Type
Land
Est. Income
$1,610,000 p/a
Terms
25 year lease for the site commenced 1 December 2012 and expires 30 November 2037
Land Area
127 hectares (*approx)
Selling Method
Auction
Auction Date
22 May 2024 11:00AM
Add to calendar
Selling Details
Contact Agent

2. Property Highlights

State Significant Resource with a long-term lease
  • Net Passing Income $1,610,000*
  • Lease Term 25 years + 10 years
  • Expansive 127ha*

Auction Location: 10 Newcomen Street, Newcastle

For Sale by Public Auction on 22 May 2024 at 11am

Martins Creek Quarry provides an opportunity to secure a hard rock quarry with long term extractive approvals in place. The 25 year lease for the site commenced 1 December 2012 and expires 30 November 2037 to a market leading civil construction company. Comprising seven lots, the land parcel is 127.28ha* with the remaining andesite in-situ resource estimated to be 51 million tonnes as at 2024.

The site's accessibility to major markets is a key feature, with its proximity to the Pacific Motorway and New England Highway providing easy connectivity to Sydney, Newcastle and the Hunter Valley. The site is also connected to the main North Coast Rail Line, which connects Sydney and Brisbane and is key freight line. Importantly, the site is improved by an operational dual line rail spur which enables efficient loading of material.

- Lease Term: 25 years

- Option Term: 10 years

- Initial Lease Expiry: 30 November 2037

- Expansive 127ha*

- Net Passing Income (as at 1 December 2023) $1,610,000*

*Approximately

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Matt Kearney
Matt Kearney
+61 *** *** *** show +61 427 921 206
Adam Leacy
Adam Leacy
+61 *** *** *** show +61 421 613 160

Download Development Site Report
Matt Kearney
Matt Kearney
+61 *** *** *** show +61 427 921 206
Adam Leacy
Adam Leacy
+61 *** *** *** show +61 421 613 160

3. Property Location

29 Station Street, Martins Creek, NSW, 2420

Property Map
Street View
29 Station Street, Martins Creek, NSW, 2420 Martins Creek
Commercial Collective
Commercial Collective
10, Newcomen Street, Newcastle, Newcastle City Council, New South Wales, Australia, 2300
Matt Kearney
Matt Kearney
+61 *** *** *** show +61 427 921 206
Adam Leacy
Adam Leacy
+61 *** *** *** show +61 421 613 160
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