Rarely offered, in the tightly held Newman industrial market, this versatile property offers high roof workshop, rear positioned was are and separate enclosed storage. Leased to 2025, with a 2 year option. Investors expect to achieve 10% net returns.Feature summary:* Leased to 2025, expect 10% net returns* Lease option 2 years to 2027* 370m2* high roof, 2 roller door workshop* Kitchenette/lunch room & ablutions* 150m2* lockup store room* Wash bay 150m2** Transportable office 30m2** 2013m2 fully fenced site* Tightly held, rarely availableFor more information, contact Realmark Commercial Pilbara's Commercial and Industrial Specialist Eliza Mearns on 0416 048 929 today.
The size of Newman is approximately 27,986.7 square kilometres. It has 13 parks. The population of Newman in 2011 was 9,086 people. By 2016 the population was 7,242 showing a population decline of 20.3% in the area during that time. The predominant age group in Newman is 30-39 years. Households in Newman are primarily couples with children and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Newman work in a machinery operators and drivers occupation. In 2011, 18.6% of the homes in Newman were owner-occupied compared with 8.6% in 2016.
Newman has 2,885 properties. Over the last 5 years, Houses in Newman have seen a 78.26% increase in median value, while Units have seen a 131.19% increase. As at 31 July 2024:
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