20 PROPERTY NEWS SALES BERKELEY VALE Owner occupier buys Berkely Vale freestanding factory An owner occupier has purchased a freestanding factory building of 1,132sqm on a 2,625sqm site at 7 Hereford Street, Berkeley Vale. Price paid is undisclosed although the listing price was $2.99 million. Agents Brett Dowling and Ty Blanch from Knight Frank Central Coast said that the buyer had secured the property and terms were agreed within 48 hours of it being listed. It had attracted a large amount of enquiry as quality freehold assets remain scarce on the Central Coast. Investor buys Berkeley Vale unit with yield of 4.35% A local investor has paid $595,000 (GST not applicable) for units 1 and 2 at 5 Apprentice Drive, Berkeley Vale of 222sqm. The property is currently leased at $32,862 gross per annum on a lease with 1 year remaining on a 5 year lease term. This provided the buyer with a net yield of 4.35% per annum. Brett Dowling and Ty Blanch from Knight Frank Central Coast negotiated the sale. Investor buys retail shop at Berkeley Vale A Sydney investor as paid $430,000 )GST not applicable) for a 72sqm retail shop at 62 Lakedge Avenue, Berkeley Vale The property is currently leased to a long term tenant operating a bakery and café on a 5 year lease term with 3 years remaining at a rental of $32,136 per annum gross with approximate outgoings of $6,421 per annum. It was sold with an effective net yield of 6% per annum. Brett Dowling and Ty Blanch from Knight Frank Central Coast negotiated the sale. GOSFORD Caterer buys North Gosford factory bay Well known caterer and restaurateur, Chef Daniel,` has purchased a stand-alone factory at 19 Kirrawee Road, North Gosford. In the North Gosford Industrial Area. The property comprises a 191sqm factory building with extensive undercover area on a 443sqm lot. Price paid was $650,000 (No GST applicable). For Sale. Perfectly Positioned Block of Industrial Land 354 Manns Road, West Gosford Expressions of Interest LandArea: 4783m2| E4 General Industrial Geoff Tilden 0415 238 846 Racheal Greenwood 02 4324 7744 CENTRAL COAST The property was on the market for 90 days and was sold by Anthony Scarcella from Knight Frank Central Coast. TOUKLEY Sydney investor buys Toukley retail shops A Sydney investor has paid $720,000 plus GST for a vacant freestanding property with the ability to be divided into 2 shops or offices at 197-199 Main Road, Toukley. The property comprises a 100sqm building on a 532sqm lot with rear access and parking area. Mark Davies from RWC Central Coast negotiated the sale. TUGGERAH Investor buys Tuggerah industrial property An SMSF investor has purchased an industrial property consisting of 2 metal clad and concrete panel buildings with a combined floor area of 920sqm plus mezzanine office areas and large awning area on a 2,023sqm lot at 111 Gavenlock Road, Tuggerah. Price paid was $2.1 million (GST not applicable). The property is leased to a long term tenant on a 5 + 5 year lease with an annual income of $123,500 net. Mark Davies from RWC Central Coast negotiated the sale. CENTRAL COAST BUSINESS REVIEW JUNE 2024
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