Newcastle warehouse leased, sold

A warehouse in Newcastle’s west has leased and sold in quick succession.

Australia Post will move into the 2135 square metre industrial facility at 2 Aluminium Close, which was being marketed for sale vacant.

The former transport depot on a 3955 sqm battle axe shaped block contains five truck entrances – also exposed to Superior Avenue.

With that lease agreement, the property transacted – for $3.75 million (continues below).

Collective Commercial brokered both deals.

Edgeworth is about 16 kilometres from Newcastle.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.