Gosford site sold after 60 years in same ownership

A commercial property at 332 Mann Street, Gosford (on the corner of Mann and Etna Streets) is on the edge of the CBD at one of the busiest intersections in the district has sold after being in the one ownership for over 60 years.
It comprises two levels with a total building area of 770sqm (Mann Street level 112sqm, Etna Street level 513sqm and storage area of 145sqm) on a 658 sqm site.
It is currently leased to a rug merchant on a monthly tenancy.
Buyer, Castley Property paid $1.25 million (GST not applicable).
This property has been owned by Gay Investments for over 60 years, initially occupied by GES , run by Jim Gay, then passed over to his three Sons, with Jeff and Ian running the business as Gasworld ,until the relocation of Gasworld to Manns Road West Gosford in 2016.
Selling agent was S J Skipper & Associates Pty Ltd with L J Hooker Commercial Central Coast the conjunction agent.