SOLD
Sold on 01 Sep 2023 for $15,750,000

14 Advantage Avenue
Morisset NSW 2264

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 11330m2
Land area: 11330m2
Sold By
Ben Curran
Colliers Newcastle
Gavin Bishop
Colliers Newcastle
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Property Details for 14 Advantage Ave, Morisset

Building Type
Commercial
Floor Size
11330m2
Land Size
11330m2
Local Government
Lake Macquarie
Lot/Plan
113/DP882928

Last Listing description (September 2023)

Colliers are pleased to offer for sale 14 Advantage Avenue, Morisset (DHL Morisset), a state-of-the-art logistics facility 100% pre-leased to global logistics powerhouse DHL.

Underpinned by a 10 year lease and high quality logistics improvements, the offering generates the following captivating investment features:
- State-of-the-art and fully automated warehousing and distribution centre to comprise 3,129m* of high quality GLA upon completion.

- Fully automated distribution centre with heavy duty hardstand of 7,019m*.
- Secure net commencing income of $819,000* ($263/m) per annum.

Highly sought-after growth market, with excellent access to major road infrastructure, including the Expressway Interchange, M1 Pacific Motorway and Mandalong Road.

For Sale by Expressions of Interest l For further information, please contact our experts.

*Approximate.

Property History for 14 Advantage Ave, Morisset, NSW 2264

A timeline of how this property has performed in the market
Last Sold
$15,750,000
01 Sep 2023
Listed for Rent
$18k/w
11 Apr 2013
  • 01 Sep 2023
    Sold for $15,750,000
  • 22 May 2023
    Listed for Sale Please contact agent
  • 20 Sep 2022
    Sold for $4,537,500
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About Morisset 2264

The size of Morisset is approximately 26.9 square kilometres. It has 25 parks covering nearly 50.9% of total area. The population of Morisset in 2011 was 2,856 people. By 2016 the population was 3,237 showing a population growth of 13.3% in the area during that time. The predominant age group in Morisset is 70-79 years. Households in Morisset are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Morisset work in a professional occupation. In 2011, 69.5% of the homes in Morisset were owner-occupied compared with 63.2% in 2016.

Morisset has 2,891 properties.

    There are currently 29 properties listed for sale, and 17 properties listed for rent in Morisset on OnTheHouse. According to CoreLogic's data, 125 properties were sold in the past 12 months in Morisset.

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    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.