Interstate investor buys Berkeley Vale industrial with leasebackA South Australian investor entering the Central Coast market for the first time has bought a 2,618sqm industrial strata building in a tightly held 3-lot plan at 6 Hereford Street, Berkeley Vale paying $4,550,000 (GST not applicable) and providing a 6.85% per annum net yield.The property with a land area of 3,601sqm was sold on a leaseback basis to Phoenix Packaging at a rental of $312,000 per annum plus Outgoings and GST with a ...

Physio leases in ErinaA physiotherapy clinic has leased Shop 1 Erina Plaza, 210 The Entrance Road, Erina.Terms of lease for the 156sqm space are 5 years with 5 year option at a rental of $70,000 plus Outgoings and GST.The property had previously been leased to Apollo Kitchens now in liquidation.Nicole Barr from Commercialhq who negotiated the lease said that it had leased within a month of becoming available.Materials handling company leases in Tuggerah Business ParkAlpine Bulk Minerals, a su...

Guzman y Gomez Mexican Kitchen - UminaFast food chain Guzman y Gomez Mexican Kitchen has leased one of the most prominent retail sites in Umina Beach at 279 West Street on the corner of Bullion Avenue.Terms of lease for the 242sqm property are 10 years with 2 x 10-year options at a rental of $150,000 including Outgoings plus GST.Owned by a local investor for over 20 years, the property was originally owned by Westpac and in recent years was occupied by a real estate agent.  It had been o...

Nicole Barr from Commercialhq reports that they have leased the ground floor component of their Park Plaza property at 131 Henry Parry Drive, Gosford. Spring Medical Group has leased Shop 1 on the ground floor of 426sqm to be fitted out as a day hospital for emergency care. The terms of the lease are 10 years with 7 year option at a rental of $170,000 per annum plus Outgoings and GST. The lease commenced 1 September 2023 and has since been undergoing extensive fitout. ...

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 4th July 2024 by 4.00pm, For more information contact Nicholas Young at CBRE on 0452 486 904 or emai...