MAY PROPERTY NEWS

With the first three stages sold out in the Warner Business Park development at Jilliby the 4^th and final stage is now on the market with Expressions of Interest being sought through agents Colliers and Savills.

Developed in 4 stages over the past twelve months, the final stage comprising 20 construction ready and serviced industrial lots ranging in size from 4,550 – 9,088sqm are now available for sale with prices expected to be around $550 per sqm.

To date the first 3 stages have seen 52% of buyers come from Sydney and 32% from Newcastle and Central Coast with the developer Winarch Capital retaining 8%.

About 44% of buyers are developers who plan to build factory units and large scales warehouses up to 11,000 sqm.

Warner Business Park comprises a total of 83 industrial zones site ranging in size from 4,500sqm to 19,800sqm. Newcastle based Winarch Capital are developing the 86.43ha site at Jilliby having acquired it from Central Coast Council in July 2021.

Ben Curran from Colliers Newcastle, selling agents for the development, said that interest has been strong with property developers and owner buyers coming from the Central Coast and Sydney. “We have seen significant investment from the Sydney market due to record low vacancy rates and the great value WBP offers.