April Commercial Property News on Central Coast

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 leased to a national tenant, Tyreright on a new 5 year lease returning $92,638 gross per annum plus GST giving a yield of 5.68% per annum gross.

The off-market sale was negotiated by Ty Blanch and Brett Dowling from Knight Frank Central Coast.

Owner occupier buys in Tuggerah Business Park

A local owner occupier and Kings of Neon franchisee has bought Unit 307, 12 Pioneer Avenue Tuggerah Business Park paying $570,000 plus GST.

The 140sqm unit with 70sqm mezzanine office is located in a 32 unit complex built in 2019.

This is the first sale of the property since it was purchased at the time of completion for $$385,000.

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