Secure industrial investment with strong specialist mining tenant
For Sale by Expressions of Interest closing Thursday 26 November 2026 at 4pm (AEDT)
A freshly leased industrial investment is offered for sale by Expressions of Interest at 44-46 Kalaroo Road, Redhead, delivering $500,000 pa net + GST from a new 5-year lease plus 5-year option to Ontrak Electrical Engineering Pty Ltd, a specialist electrical and mechanical engineering business servicing the underground coal mining sector. The lease provides annual increases of 3% or CPI (whichever is greater), 100% outgoings recovery, directors' guarantees and a 3-month bank guarantee or bond, delivering a secure, compounding income stream from a tenant with established market position in a structurally supported sector.
The property comprises 3,276sqm* of improvements across three heavy-duty industrial sheds and a premium two-level office, set on a 6,070sqm* E4 General Industrial site in the tightly held Redhead industrial precinct. Workshop 3 features a 40-tonne overhead crane with a 12.1m* eave and five large roller doors, delivering heavy-lift capability rarely found in the Newcastle and Lake Macquarie market. Workshop 1 is supported by an 8-tonne overhead crane and 6.5m* eave, while Workshop 2 provides a spray booth and multiple jib cranes. The 538sqm* two-level office is fitted to a premium standard with reception, two boardrooms, private offices, breakout area and ducted air-conditioning, with 400-amp power servicing the site. The three-shed configuration delivers meaningful flexibility beyond the current lease, allowing a future owner to refurbish, re-lease individually or occupy in part.
Property Key Features
- 3,276sqm* total building area across three heavy-duty industrial sheds and a two-level office
- 6,070sqm* site zoned E4 General Industrial under Lake Macquarie LEP 2014
- Freshly leased to Ontrak Electrical Engineering Pty Ltd on a 5-year term plus 5-year option
- $500,000 pa net + GST with 3% or CPI annual increases and 100% outgoings recovery
- 40-tonne overhead crane in Workshop 3, delivering heavy-lift capability rarely found in the market
- 8-tonne overhead crane in Workshop 1, with additional jib cranes across Workshops 2 and 3
- Workshop 3 eave of 12.1m* rising to a 12.7m* apex with five 5m* x 6m* roller doors
- Workshop 1 eave of 6.5m* rising to an 8.6m* apex with roller and sliding door access
- Workshop 2 with spray booth, engineering store area and four jib cranes (500kg and 1 tonne)
- Premium 538sqm* two-level office with reception, two boardrooms, private offices and ducted air-conditioning
- 400-amp main switch servicing the site, supporting heavy industrial power loads
- Three separate facilities offering flexibility for future refurbishment or individual re-leasing
- Positioned within the tightly held Redhead industrial precinct, Lake Macquarie LGA
*Approximately
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