A cost-effective solution for small businesses looking for a workspace will soon be available through a new, commercial unit complex in Warabrook.
My Shed Newcastle is a 57-unit, gated complex to be built at 31 Warabrook Boulevarde.
Sales and Marketing Agent, Allan Kentwell from PRDnationwide Newcastle and Lake Macquarie, said the complex will provide much needed small business and storage space for the region.
Allan said the complex had been designed based on extensive research about buyers’ preferences for unit sizes and features.
He said units range from 20sqm to 46sqm but most are in that “sweet spot” of 32sqm to 35sqm. Some units are longer and thinner to suit a caravan, boat or trailers. There are 21 car spaces available for separate purchase. Larger units have a 920mm wide entry door and a 3.6m clearance electric roller door for easy access.
Allan said the units are a sound investment for private investors or a self-managed super fund (SMSF) with potential for strong net capital growth and high rental returns. He is building a waiting list of tenants.
“The My Shed Newcastle units are modern, versatile, low maintenance and secure,” Allan said.
“For small businesses or expanding home based businesses looking to separate work and family, it can be cheaper to buy than leasing premises plus there are tax savings with depreciation from year one.”
“Warabrook is a convenient, central location that is only 10 minutes from Newcastle, Wallsend or Kooragang Island and 20 minutes to Tomago or East Maitland.”
Allan said the units are being sold off the plan and are expected to be completed by mid-2019. He has already had strong interest with 12 units sold. The units are priced between $90,000 and $195,000.
IMAGE | A new workspace complex – My Shed – will be built in Warabrook.
PRDnationwide Newcastle & Lake Macquarie is a leading provider of real estate services including residential sales, property research, leasing, property management, as well as project marketing.