CENTRAL COAST COMMERCIAL PROPERTY NEWS SEP 2024
Investor buys East Gosford freehold
A local investor has paid $1 million plus GST for a freehold property at 34 Victoria Street East Gosford.
The R1 zoned property comprising a 125sqm former residence that has been occupied for chiropractic services for three decades is on a 639sqm corner lot at the intersection of Central Coast Highway (Victoria Street) and Adelaide Street and is exposed to some 40,000 cars per day.
Brad Rogers and Michael Hanson from RWC Central Coast negotiated the sale.
Central Coast Council buys Woy Woy commercial site for road widening
Central Coast Council has paid $3,425,000 (GST not applicable) for a commercial building on the corner of Ocean Beach and Rawson Roads, Woy Woy for road widening.
The property had been listed for auction through Karen Aubrey from Knight Frank Central Coast on 25th July and sold prior to auction.
The property comprises a 1,400sqm building on a 1,810sqm site at the busy intersection.
Online bidder secures West Gosford warehouse
A local owner occupier, bidding online, has bought Unit 6, 13 Dell Road, West Gosford paying $760,000 (GST not applicable).
The 237sqm unit is part of a larger older concrete panel complex.
The property last sold in 2010 for $265,000
(Source: CoreLogic)
The property was sold through Karen Aubrey from Knight Frank Central Coast who said that there were 2 online and 1 phone registered bidders.
Investor buys Charmhaven unit
An investor has paid $725,000 (GST not applicable) for Unit 1 of 226sqqm at 1 Botham Close, Charmhaven.
Features include 199sqm ground floor warehouse, 27sqm mezzanine area plus amenities.
The unit is part of a 4-warehouse complex on the corner of Callaghan Drive and Botham Close and includes yard space with front and rear access and security fenced.
Steve Vella and Mark Davies from RWC Central Coast negotiated the sale.
Investor buys Toukley Cafe/takeaway
A local investor has paid $535,000 (GST not applicable) for Shop 5 at 30 Canton Beach Road, Toukley tenanted as a cafe / take away shop.
The 68sqm property was sold at 6% yield with a new 5-year lease from December 2024 to a long-term tenant at a rental of $32,250 per annum net plus GST.
The sale was negotiated by Brett Dowling and Ty Blanch from Knight Frank Central Coast.
Investor buys Umina Beach shop with 6.5% return
A local investor has paid $$500,000 (GST not applicable) for a 54sqm strata retail shop at 233 West Street, Umina.
The premises are leased to pet grooming business on a 3-year lease expiring March 2025 and 5-year option at a rental of $32,294 plus Outgoings and GST.
The return to the investor is 6.5 % per annum.
Mark Davies and Michael Hanson from RWC Central Coast negotiated the sale.
Sydney developer buys Hardys Bay site
A Sydney developer has paid $5.5 million for a DA Approved mixed-use development site for 7 apartments and 4 retail shops.
The 2,391sqm site comprising 3 lots at 58-62 Araluen Drive, Hardys Bay was offered with Development Approval dated 2018 and amended consent 2020.
Nicholas Young from CBRE who negotiated the sale reported that they had received over 90 enquiries and five offers
Owner occupier buys Killarney Vale retail
An owner occupier has purchased a 250sqm property comprising commercial office and medical space with 2-bedroom flat. At 152 Wyong Road, Killarney Vale.
Price paid was $780,000 (GST not applicable)
The property previously traded for $380,000 in 2013 (Source RPData)
Brett Dowling and Ty Blanch from Knight Frank Central Coast negotiated the sale.
Footwear wholesaler buys in Tuggerah Business Park
A footwear wholesaler relocating from the NSW South Coast has bought Unit 16, 16 Reliance Drive, Tuggerah.
Price paid for the 176sqm sqm warehouse unit plus 75sqm office mezzanine, was $820,000 (GST not applicable).
The property last traded in 2020 for $532,400 (Source: RPData).
Brett Dowling and Ty Blanch negotiated the sale.
CBRE lists shovel ready residential subdivision at Hamlyn Terrace
Agents CBRE have listed a 72,520sqm residential subdivision site with DA and SWC approval for 88 lots with further potential to subdivide a 10,000sqm super-lot into 26 lots at 94 Sparks Road, Hamlyn Terrace.
The gently sloping site has a frontage to Sparks Road of 201 metres and is being marketed as shovel ready.
It will be sold by way of Expression of Interest with offers closing by Thursday 5th September 2024 at 4.00pm.
For more information contact Nick Young 0412 345 678
Burson Auto Parts leases in Erina
Burson Auto Parts have leased Unit 1, a 308sqm industrial unit at 5 Bonnal Road, Erina.
Terms of lease are 5 years with 5 year option at a rental of $69,000 per annum including Outgoings plus GST.
The lease was negotiated by Ben Purdue from LJ Hooker Commercial.
This will be the third outlet for Burson Auto Parts who also operate branches at West Gosford and Charmhaven.
Auto parts business leases industrial unit at Fountaindale
An auto parts wholesaler and car dismantling business has leased Unit 1 and 3 Co-Wyn Close, Fountaindale.
Terms of lease for the 890sqm unit with parking area are 3 years with 3-year option at a rental of $115,000 per annum including Outgoings plus GST.
Mark Davies from RWC Central Coast negotiated the lease.
Fitness training centre leases at Charmhaven
Momentum Training Centre has leased Unit 3 at 132 Chelmsford Road, Charmhaven.
Terms of lease for the 1,230sqm industrial warehouse unit are 10 years with 10-year option at a rental of $159,990 per annum
Including Outgoings and GST
Ben Purdue from LJ Hooker Commercial negotiated the lease.
Safety product business leases in The Sawmill Erina complex
A safety products warehouse and distribution business has leased 121sqm industrial unit with office in The Sawmill Erina complex.
Terms of lease for Unit 45 are 1 year with 2-year option at a rental of $32,000 per annum plus Outgoings and GST.
Ben Purdue from LJ Hooker Commercial negotiated the lease.
Disability service leases Tuggerah Business Park unit
A disability service business leased Unit 202 of 147sqm and including a 42sqm private outdoor area and amenities at 12 Pioneer Avenue, Tuggerah.
Terms of lease are 2 years with 2-year option at a rental of $28,000 per annum plus Outgoings and GST.
Tom Bore from LJ Hooker Commercial negotiated the lease.
Member for Gosford relocates Woy Woy office
The NSW Parliament has leased the former Westpac Bank building at 71 Blackwall Road, Woy Woy for the Member for Gosford, Liesl Tesch who will relocate from the present office at 20 Blackwall Road.
Terms of lease for the 280sqm space with 5 car spaces at the rear of the building are 8 years with 2 4-year options at a rental of $110,000 per annum including Outgoings plus GST.
Karen Aubrey from Knight Frank Central Coast negotiated the lease.
Tobacconist leases West Gosford shop
A Tobacconist has leased Shop 2, a 56 sqm retail space at 37 Central Coast Highway, West Gosford.
Terms of lease are 3 years with 3-year option at a rental of $23,500 per annum including Outgoings plus GST.
Brad Rogers and Michael Hanson from RWC Central Coast negotiated the lease
Event hire business leases in Wyong Industrial Area.
A retail and event hire business has leased Unit 7 at 9-11 Willow Tree Road, Wyong.
The 323sqm unit features showroom, mezzanine air-conditioned office and mezzanine storage.
Terns of lease are 3 years with no option at a rental of $30,000 per annum plus Outgoings and GST,
The unit is part of a secure gates complex of 18 units
Mark Davies from RWC Central Coast negotiated the lease.
Cabinetry and joinery business leases in Wyong Industrial Area
A cabinetry and joinery business has leased a 164 sqm industrial unit with showroom and mezzanine storage area at 8 Willow Tree Road, Wyong.
Terms of lease for Unit 6 are 2 years with 1 year option at a rental of $26,000 including Outgoings plus GST
Mark Davies and Michael Hanson from RWC Central Coast negotiated the lease.
Gym leases at Kincumber
Redback Barbell Gym has leased Unit 5, 8 Kerta Road, Kincumber.
Terms of lease for the 194sqm unit are 3 years with 3-year option at a rental of $40,000 per annum including Outgoings plus GST
Ben Purdue from LJ Hooker Commercial negotiated the lease
