JUNE PROPERTY NEWS

Boutique Hardys Bay Pty Ltd have placed their Hardys Bay holding on to the market through agents CBRE.

The property comprises 3 lots with a total area of 2,391sqm at 58 – 62 Araluen Drive, Hardys Bay has a 35m frontage to Araluen Drive.

The site if offered with Development Approval dated 2018 and amended consent 2020.

The sale process is via a Expressions of Interest closing Thursday 4^th July 2024 by 4.00pm,

For more information contact Nicholas Young at CBRE on 0452 486 904 or email nick.young1@cbre.com

JUNE COMMERCIAL INDUSTRIAL SALES

An owner occupier has purchased a freestanding factory building of 1,132sqm on a 2,625sqm site at 7 Hereford Street, Berkeley Vale.

Price paid is undisclosed although the listing price was $2.99 million.

The deal was negotiated by Agents Brett Dowling and Ty Blanch from Knight Frank Central Coast.

Investor buys Berkeley Vale unit with yield of 4.35%

A local investor has paid $595,000 (GST not applicable) for units 1 and 2 at 5 Apprentice Drive, Berkeley Vale of 222sqm.

The property is currently leased at $32,862 gross per annum on a lease with 1 year remaining on a 5-year lease term.

This provided the buyer with a net yield of 4.35% per annum.

Brett Dowling and Ty Blanch from Knight Frank Central Coast negotiated the sale.

Investor buys retail shop at Berkeley Vale

A Sydney investor as paid $430,000 GST not applicable) for a 72sqm retail shop at 62 Lakedge Avenue, Berkeley Vale

The property is currently leased to a long term tenant operating a bakery and café and was sold with an effective net yield of 6% per annum.

Brett Dowling and Ty Blanch from Knight Frank Central Coast negotiated the sale.

Caterer buys North Gosford factory bay

Caterer and restaurateur, Chef Daniel, ` has purchased a stand-alone factory at 19 Kirrawee Road, North Gosford. In the North Gosford Industrial Area. The property comprises a 191sqm factory building with extensive undercover area on a 443sqm lot.

The price paid was $650,000 (No GST applicable).

The property was on the market for 90 days and was sold by Anthony Scarcella from Knight Frank Central Coast.

Sydney investor buys Toukley retail shops

A Sydney investor has paid $720,000 plus GST for a vacant freestanding property with the ability to be divided into 2 shops or offices at 197-199 Main Road, Toukley.

Mark Davies from RWC Central Coast negotiated the sale.

Investor buys Tuggerah industrial property

An SMSF investor has purchased an industrial property consisting of 2 metal clad and concrete panel buildings with a combined floor area of 920sqm plus mezzanine office areas and large awning area on a 2,023sqm lot at 111 Gavenlock Road, Tuggerah.

The price paid was $2.1 million (GST not applicable).

The property is leased on a 5 + 5-year lease with an annual income of $123,500 net.

Mark Davies from RWC Central Coast negotiated the sale.

Owner occupier buys West Gosford warehouse unit

An owner occupier has paid $760,000 (GST not applicable) for a 277sqm industrial warehouse/factory at 346 Manns Road, West Gosford.

The unit is part of a six unit complex and includes 3 exclusive car spaces and amenities.

Michael Hanson from RWC Central Coast negotiated the sale.

JUNE COMMERCIAL INDUSTRIAL PROPERTY LEASINGS

Driver training company leases Ourimbah

Drive and rider training company, Wheel-Skills Pty Ltd have leased a property at 4 James Graham Lane, Ourimbah (on the corner with Pacific Highway).

The property comprises a level block of 3,630sqm with a modern office and amenities building of 60sqm and security fencing.

Terms of lease are $80,000 per annum plus outgoings and GST

Geoff Tilden from Raine & Horne Commercial Central Coast negotiated the lease.

Organic skin care company expands to Central Coast

Pod Organics, a manufacturer of natural skin care products has leased Unit 106 at Lisarow Business Park, 882 Pacific Highway, Lisarow.

Terms of lease for the 150sqm unit are 2 years with 1 year option at a rental of $23,400 per annum.

Brad Rogers from RWC Central Coast negotiated the lease

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Wyoming fast food outlets leased

Two fast food outlets at 455 Pacific Highway, Wyoming have been leased by Geoff Tilden of Raine & Horne Commercial Central Coast.

Shop 1 of ??? sqm has been leased to The Greek Chook Pty Ltd for 3 years with no option at a rental of $51,300 plus Outgoings

3 years with 3-year option at a rental of $33,470 per annum plus Outgoings and GST.

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