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April Commercial Property News on Central Coast
10 April 2024
ERINA Investor buys Platinum office suite An investor has bought Suite 3.29 in the Platinum Building, 4 Ilya Avenue, Erina paying $390,000 (GST not applicable). The 51sqm suite was bought with a short term lease in place. Brad Rogers from RWC Central Coast negotiated the sale.   TUGGERAH Investor buys Tuggerah warehouse unit off-market with 5.68% yield A local investor has bought Unit 1, 42-44 Gavenlock Road, Tuggerah paying $1,630,000 (GST not applicable). The 440sqm unit is le...
April Commercial Leasings on Central Coast
10 April 2024
TUGGERAH Accountants lease in Mariners Centre of Excellence Tuggerah A local accountancy firm has leased Suite 505 in the Mariners Centre of Excellence Building, 1 Bryant Drive, Tuggerah. The office, located on the top level of the building comes with modern fit-out, work stations and signage. Terms of lease for the 120sqm suite are 3 years plus 3 year option at a rental of $52,000 per annum including Outgoings plus GST. The lease was negotiated by Ty Blanch and Brett Dowling from Knight...
Long Jetty car yard sells at auction
11 March 2024
A car yard and mechanics workshop on the corner of The Entrance Road and Venice Street, Long Jetty is about to become a garden nursery. The 790sqm  property, that had been in the same ownership for 50 years, was sold at auction in late 2023 for $1,101,000 (GST not applicable) saw Luv it Landscapes successfully outbid one other bidder that saw the price creep up with 76 bids. In the end it sold $121,000 above the reserve. The property was sold through Brad Rogers from Ray White Co...
Sydney investor buys Somersby industrial unit
11 March 2024

Industrial equipment supplier Ammermann Group has paid $1,145,000 (GST not applicable) at auction for a 306sqm industrial unit comprising warehouse, showroom and amenities plus 90sqm mezzanine  with air conditioned offices and additional 90sqm storage space.

The auction saw one investor and one owner occupier bidding for the property.

The auction negotiated through Karen  Andrews from Knight Frank
Newsagent leases at East Gosford
11 March 2024
Clover Brothers Pty Ltd, operators of the East Gosford newsagency have leased new premises on the corner of Central Coast Highway and Victoria Street East Gosford (47 Victoria Street). Rent paid for the 332sqm former restaurant is $54,000 plus Outgoings and GST on a 5 year lease with 2 x 5 year options. Anthony Scarcella from LJ Hooker Commercial Central Coast negotiated the lease. ...

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