17 PROPERTY NEWS RWC Central Coast RWC Central Coast Brad Rogers I 0459 921 122 17-19 Pavitt Crescent, Wyong FORSALE Substantial holding income 4,032m2 (approx.) land 153 self storage units 1,853m2 (approx.) improvements Dual access from Pavitt Crescent and Lucca Road WITH THE 1ST stage of the Fortis industrial development at West Gosford complete, sales agents DiJones Commercial held an investor briefing on site in early November. Built over a 3.12 Ha site at 13 Jusfrute Drive Fortis comprises 82 units in seven separate buildings. Construction commenced in December 2023 following a marketing campaign in early 2023 that saw almost all unit sold off-the-plan. At the event Central Coast DiJones Commercial Director Brett Hunter said that all but four units have been sold. Unit sizes range from 35sqm to 146sqm with prices ranging from $4,100 per sqm to $5,400 per sqm. Commenting on the demand for smaller sized industrial units on the Central Coast DiJones Commercial Director Brett Hunter said, “Since COVID, we have seen an increasing demand from small businesses and Sydney operators not wanting to return to their pre-COVID operational processes and are now searching for options to work from the Coast but not from home.” FORTIS is being developed by prominent Central Coast developers Stephens Group and Brand Group with marketing by DiJones Commercial. The complex will be completed in March 2025 and settling in April subject to Occupancy Certificate being issues. Construction is by Brown Commercial Building. Investor briefing as 1st stage of Fortis West Gosford development nears completion Local investor buys key Gosford property A local investor has purchased 2 & 2A Watt Street, Gosford an investment property with development potential. Price paid was $1.6 million (GST not applicable) The 1,310sqm property is located on the corner of Watt and Erina Streets Gosford opposite Gosford Post Office and comprises 8 retail shops with Net Lettable Area (NLA) of 492sqm and 1st Floor office space with 164sqm NLA. And adjoining property (2A) is leased as a car park. Several tenants are long term tenants with current leases. The sale was negotiated by Anthony Scarcella from Knight Frank Central Coast. Owner Occupier buys in Tuggerah Business Park A photocopier supply business has purchased Unit 8, an industrial warehouse at 22 Reliance Drive, Tuggerah Business Park paying $760,000 (GST not applicable). The unit comprises 195sqm ground floor space with 106sqm mezzanine. Brad Rogers and Mark Davies from RWC Central Coast negotiated the sale. CENTRAL COAST BUSINESS REVIEW DECEMBER 2024
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