Posted in Business News

Supermarket giant Woolworths has been identified as the buyer of the Dunnet Properties owned Lakeside Shopping Centre at The Entrance through its property arm Fabcot Pty Ltd (See CCBR August 2023). Fabcot is reported to have paid just over $51 million for the 2.14ha site with frontages to The Entrance Road, Dening Street and Taylor and Warragal Roads and is undoubtedly a Key Development Site in The Entrance. The site is mostly undeveloped except for the shopping centre with a Gross Lettable...

Central Coast Council continues to thumb its nose at the need for affordable housing on the Central Coast putting trees for squirrel glider, bushes to accommodate the Tasmania swift parrot, and saving so-called endangered plants in its quest to turn the region into one huge national park. The past month has seen frustrated builders and property developers take a whopping 23 cases to the Land and Environment Court as Council continues to refuse legitimate development applications that would s...

Central Coast Council has redirected a substantial part of a State Government Grant of $1.4 million from the Regional Housing Fund for the planning and design of sewer and storm water basin infrastructure for the Wadalba East Land Release Area (WELR). The WELR comprises an area of some 143 ha of land with potential for 1,500 homes, originally announced by Wyong Council in 2012 and finally rezoned in  December 2020 and becoming effective on 31 July 2021. It included a Wildlife Corridor o...

One of the oldest continuing businesses on the Central Coast has sold out with the owners moving into retirement. Sam Elabbasi, owner of motor dealerships in Goulburn, Taree, Windsor has acquired Booths Motor Group founded in Gosford 83 years ago by Fred and Evelyn Booth. Originally a small mechanical workshop the business grew to become a larger workshop and petrol station on the corner of Mann and Faunce Street. Subsequently, their son, Kevin took over and grew the business further by be...

Some 35 years ago Bob Dunnet acquired Lakeside Shopping Centre at The Entrance, and progressively over those 35 years acquired more land amassing in the end, an entire Town Centre block bounded by The Entrance Road, Dening, Taylor and Warrigal Streets.  Mr Dunnet acquired the property in the mid 1980’s and tried for his entire period of ownership to gain traction with the local authorities and the State Government, not only to develop his site, but to Revitalise The Entrance. Arc...