17 P R O P E R T Y N E W S Investor buys Tuggerah unit An investor has paid $790,000 (GST not applicable) for Unit 1 of 360 sqm at 6 Morton Close, Tuggerah. The commercial office unit is one of a 6-unit complex on the corner of Gavenlock Road and includes three dedicated car spaces. The sale was negotiated by Ty Blanch and Brett Dowling from LJ Hooker Commercial Central Coast. Investor buys unit off-the-plan in The Key on Gavenlock Currently nearing completion, The Key on Gavenlock complex comprises 14 units in the first stage and 20 units in the second stage on a 6,717 sqm lot at 51-53 Gavenlock Road, Tuggerah. With all but a few units remaining Unit 6 of 179sqm has sold to an investor for $599,650 plus GST or $3,350 per sqm. The development is being marketed through Ty Blanch and Brett Dowling from LJ Hooker Commercial Central Coast. Wyong shop to be convenience store A Sydney buyer has acquired a 315sqm retail shop at 46 Pacific Highway, Wyong and will occupy it as a convenience store. Price paid was $600,000 plus GST. Ben Purdue from LJ Hooker Commercial Terrigal negotiated the sale. Investor buys Gosford retail on 6% pa return An investor has paid $615,000 (GSST not applicable) for Shop 5, 119 Mann Street, Gosford. The 100sqm retail space is currently leased to a nail salon for $38,218 per annum including Outgoings plus GST until December 2023 with renewal option. Anthony Scarcella from LJ Hooker Commercial Central Coast negotiated the sale. Sydney developer buys Somersby industrial site A local developer who has developed two other industrial on the Coast in recent years has bought a 4,382sqm level block at 2 Pinnacle Close, Somersby. A DA approval for 14 units applies to the property Price paid was $2.3 million plus GST Brad Rogers from Raine & Horne Commercial Central Coast negotiated the sale. Brett and Garth Hunter from DiJones Commercial Central Coast have sold a unique commercial property at 375-385 Terrigal Drive, Erina opposite McDonalds at Erina Fair on behalf of Central Coast Christian Life Centre Ltd for $6 million just hours before auction. The property, on a 6,043sqm corner site zoned E3/C3 comprises a café and large retail space of 405sqm, 3-bedroom manager’s residence, 3 semidetached townhouses plus 47 car parking spaces surrounded by manicured gardens. Possible annual return on the property is $252,000 per annum plus Outgoings and GST. The vendor is a local investor who will be looking for new tenants to lease the space. A local business has paid $1,580,000 plus GST for Unit 3 in a complex under construction at 43 Pile Road, Somersby The 566.7sqm unit comprises mezzanine office with carpet and air-conditioning. Karen Aubrey from LJ Hooker Commercial Central Coast negotiated the sale. Unique Erina investment property sold prior to auction Local business buys Somersby unit off-the-plan CENTRAL COAST BUSINESS REVIEW JULY 2022
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