17 P R O P E R T Y • Flexible lease terms • Competitive rentals • Excellent parking • Air-conditioning, carpets, kitchenette • Balcony access for East Wing suites • Exposure of Complex to Tuggerah Straight FOR LEASE PROFESSIONAL & SPECIALIST MEDICAL SUITES 152-154 PACIFIC HIGHWAY TUGGERAH Easy Parking, great exposure, well maintained & presented property with well known quality tenants including Trader Vics, BCF & Super Cheap Auto, PRP Radiology, Australian Clinical Labs Pathology, Fullerton Health Medical Centre, Geriatrician; Psychologists, Dentist, Sports & Spinal Physiotherapy, Chiropractor, Cafe & more. Ideal for the Professional, Legal, Financial or Medical Specialist with sizes from 16m2 up to 95m2 suitable to Lease or Purchase. Features include: For further details contact Julie Davies on 0402 779 186 An industrial property at 14 Mildon Road, Tuggerah has sold at auction for $2,660,00 (GST not applicable) after spirited bidding from six registered bidders pushed the final price above the reserve. Built around 30 years ago the property comprises a 1,403sqm Hebel block and Colourbond clearspan factory and warehouse building with showroom and office mezzanine area on a 2,025sqm site zoned B6:Enterprise Corridor. The property is leased to kitchen manufacturer HK Kitchens on a 2 year lease commencing 28th September 2021 plus 5 year options to 2036 at a new rent from 1 October 2022 of $155,967 per annum net plus Outgoings and GST. Initial return of investment for the Sydney based investor is 5.9% per annum. The property was sold through Argyle Estates Business Brokers in conjunction with agents Ty Blanch and Brett Dowling of LJ Hooker Commercial Central Coast with the auction taking place in their Auction Room at Tuggerah. Auctioneer was Lachlan Macdonald from Cooley Auctions. Strong investor support for Tuggerah industrial property Buyer to occupy part of West Gosford purchase The buyer of the property at 19 Jusfrute Drive, West Gosford with 3 sheds thereon intends to occupy one and leave current tenants in place. The 1,486sqm rectangular property has potential has potential for redevelopment. Karen Aubrey from LJ Hooker Commercial Central Coast negotiated the sale. Wyong factory unit sold to Sydney investor A Sydney investor has paid $350,000 plus GST for Unit 15, 9/11 Willow Tree Road, Wyong. The 124sqm unit is part of the larger complex on the corner of Willow Tree Road and Pavitt Crescent built around 2007. Mark Davies from Raine & Horne Commercial Central Coast negotiated the sale. Owner occupier buys Kincumber industrial unit A kitchen company that has occupied Unit 7, 6 Kerta Road, Kincumber has purchased the property paying $670,000 (GST not applicable). The 230sqm unit is part of a 10 unit complex built in the 1990s in the Kincumber industrial area. Anthony Scarcella from LJ Hooker Commercial Central Coast negotiated the sale. Sydney investor buys in Highpoint Erina A Sydney investor has paid $1,250,000 (GST not applicable) for Suite 5, Highpoint, 257259 The Entrance Road, Erina. The property comprises two tenants; Stevens Group Head Office and Professionals Real Estate with an area of 251sqm, all with an impressive office fitout. Stevens Group has a 3 year lease to 2024 and 3 year option, Professionals Real Estate has 3 year lease to December 2023. Total net income for both is $88,915 with fixed 3% annual rent increases. Highpoint is located at the intersection of The Entrance Road, Terrigal Drive and Barralong Road Erina. CENTRAL COAST BUSINESS REVIEW OCTOBER 2022
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