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MINCHINBURY - Cnr Great Western Highway & John Hines Avenue, Minchinbury, New South Wales
- Brief description
- A high clearance warehouse trading as a bulky goods retail outlet with associated carparking.
- Total retail area (sq.m)
- 12,048
- Land area (sq.m)
- 30,610
- Annualised rental ($)
- 1,544,000 as at 30 June 2010
- Interest valued
- Freehold, subject to lease
- Original valuation
- $9.2 million, May 1998
- Purchase price
- $9.2 million
- Latest independent revaluation
- $20.7 million, June 2008
- Current valuation
- $20.6 million, June 2010
The property is situated on the Great Western Highway, some 34 kilometres west of the Sydney CBD, in a developing bulky goods/light industrial area.
The immediate locality is principally residential in nature, however the surrounding area has vacant land together with buildings used for light industry and bulky goods retailing. The Great Western Highway is a major arterial which carries significant volumes of traffic past the subject and adjoining properties.
Major commercial centres in the area are at Blacktown, Mt Druitt and Penrith.
Public transport in the area is provided by way of private bus service and the closest rail station is situated two kilometres to the north of the property.
The immediate locality is principally residential in nature, however the surrounding area has vacant land together with buildings used for light industry and bulky goods retailing. The Great Western Highway is a major arterial which carries significant volumes of traffic past the subject and adjoining properties.
Major commercial centres in the area are at Blacktown, Mt Druitt and Penrith.
Public transport in the area is provided by way of private bus service and the closest rail station is situated two kilometres to the north of the property.
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