OFF MARKET

1/363 Hillsborough Road
Warners Bay NSW 2282

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 13688m2
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Property Details for 1/363 Hillsborough Rd, Warners Bay

Building Type
Commercial
Land Size
13688m2
Local Government
Lake Macquarie
Lot/Plan
1/SP96230

Last Listing description (July 2023)

When Hempel International the 100 year old Dutch company purchased Wattyl Paints they acquired a 100 year old Australian company that gave them a position in the Australian domestic market. That was just (2) years ago.
Today Hempel (Wattyl) Australia Pty Ltd occupy this state of the art paint showroom warehouse.

Set in the busy Warners Bay Home Maker and Home Improvement Precinct Wattyl benefit from high exposure, easy access and great car parking. On the acquisition by Hempel new leases were signed with the current (5) year lease expiring in July 2026 with a (5) year option.

Extension into the option period of the lease can almost be assured due to the design of the building that separates the warehouse from the showroom through (4) hour fire rated walls, (2) hour fire rated ceiling, sophisticated extraction systems, and a bunded floor that can hold 20,000 litres of paint.

The owners are reluctantly having to sell this prize property to reshape their business and have placed it For Sale by Openn Negotiation .

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Property History for 1/363 Hillsborough Rd, Warners Bay, NSW 2282

A timeline of how this property has performed in the market
Last Sold
$2,950,000
13 Jul 2023
  • 13 Jul 2023
    Sold for $2,950,000
  • 07 Jun 2023
    Listed for Sale Contact Agent

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About Warners Bay 2282

The size of Warners Bay is approximately 5.9 square kilometres. It has 15 parks covering nearly 5.3% of total area. The population of Warners Bay in 2011 was 7,455 people. By 2016 the population was 7,611 showing a population growth of 2.1% in the area during that time. The predominant age group in Warners Bay is 40-49 years. Households in Warners Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Warners Bay work in a professional occupation. In 2011, 72.7% of the homes in Warners Bay were owner-occupied compared with 73.4% in 2016.

Warners Bay has 4,806 properties.

    There are currently 15 properties listed for sale, and 11 properties listed for rent in Warners bay on OnTheHouse. According to CoreLogic's data, 176 properties were sold in the past 12 months in Warners bay.

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