Builder buys West Gosford industrial at auction

A local construction company has paid $2.1 million plus GST at auction for a vacant industrial property at 10 Dignity Crescent, West Gosford.

The property comprises  651sqm building including warehouse spread over four units with office and amenities on a 2,156sqm site.

The property was taken to auction by Karen Aubrey from Knight Frank who said, “During the campaign, we received significant interest, generating over 70 enquiries. There were 6 registered bidders, with 3 competitive groups actively participating in the bidding process. The strong competition among buyers contributed to the final price exceeding the reserve.

The property had been held by the previous owner for 26 years.

OOO