20 PROPERTY NEWS Wyee Shopping Village, a retail complex with 15 shops at 121 Wyee Road and 131-135 Wyee Road, Wyee has become a popular business complex following its development by Newcastle investor Shoey’s Pty Ltd in 2021. Shoey’s Pty Ltd had eyed off Wyee’s growing residential area and the new Radcliffe Wyee housing estate that comprises 850 home sites being developed by Stevens Group. Wyee Shopping Village is anchored by a 1,500sqm Foodworx supermarket and 125sqm Celebrations liquor store and Domino’s Pizza store. Last month Shop 8 was leased to a cafe/coffee shop operator who has signed a lease for 5 years plus 5 year option at a rental of $42,000 per annum plus Outgoings and GST. Ty Blanch and Rick O’Toole from LJ Hooker Commercial Central Coast negotiated the lease. Wyee retail centre set to serve new residential estate Dance studio leases in Tuggerah Business Park Dance training company, The Academy Australia has leased a 600 sqm space at 7 Pioneer Avenue, Tuggerah Business Park. Terms of lease are 4 years plus 10 month option at a rental of $65,000 per annum plus Outgoings and GST. Robert Bose and Ty Blanch from LJ Hooker Commercial Central Coast negotiated the lease. Building trades education company leases in Tuggerah Construction Trades Qualifications, a building trades education business has leased Unit 4A of 150 sqm at 8 Pioneer Avenue, Tuggerah Business Park. Terms of lease are 2 years with 2 year option at a rental of $30,000 per annum including Outgoings plus GST. Robert Bose and Ty Blanch from LJ Hooker Commercial Central Coast negotiated the lease. Home care business leases in Erina Perth based aged and care support service, Pearl Home Care, has leased Suite 1 of 100 sqm at 155 The Entrance Road, Erina. Terms of lease are 3 years with 3 year option at a rental of $35,000 plus Outgoings and GST. Ben Purdue from LJ Hooker Commercial Terrigal negotiated the lease. Psychologist leases suite in Platinum Building Erina A psychology practice has leased Suite 3.31 in the Platinum Building, 4 Ilya Avenue, Erina. Terms of lease for the 42 sqm office are 5 years with 5 year option is $21,000 per annum plus Outgoings and GST - $500 per sqm. Ben Purdue from LJ Hooker Commercial Terrigal negotiated the lease. School leases at Woongarrah NG Central School has leased 2 freestanding buildings previously occupied as a trade school at 7/105-115 Hakone Road, Woongarrah to extend its reach into the northern end of the Central Coast. Founded in 2014 NG Central School is based at Kariong Parklands. Terms of lease for the 380sqm space is 5 years with 5 year option at a rental of $75,000 per annum including Outgoings plus GST. Brad Rogers from Raine & Horne Commercial Central Coast negotiated the lease. Food wholesaler leases Wyong industrial unit A local food wholesaler has leased Unit 10 of 182sqm at 5 Donaldson Street, Wyong. The unit is part of a recently completed 10-unit complex. Terms of lease are 3 years with 3 year option at a rental of $31,200 per annul plus Outgoings and GST. Mark Davies from Raine & Horne Commercial Central Coast negotiated the lease. Pinot Picasso moves into Erina Paint and sip franchise Pinot Picasso has leased Unit 4 at 185 The Entrance Road, Erina. Terms of lease for the 144sqm unit are 3 years with 3 year option at a rental of $40,000 per annum plus Outgoings and GST. Brad Rogers from Raine & Horne Commercial Central Coast negotiated the lease. Pilates studio leases at Norah Head A pilates studio has leased Shop 2 at 69 Bungary Road, Norah Head. Terms of lease for the 94sqm shop with amenities and parking are 3 years with 3 year option at a rental of $33,500 per annum including Outgoings plus GST. Rio Williams from LJ Hooker Commercial Central Coast negotiated the lease. Mechanic leases at Tuggerah A mechanic has leased Units 3 and 4 at 9-11 Johnson Road, Tuggerah with a total area of 240sqm. Terms of lease are 3 years with 3 year option at a rental of $38,600 per annum including Outgoings and GST ($161 per sqm). Robert Bos and Ty Blanch from LJ Hooker Commercial Central Coast negotiated the lease saying that small to mid sized units remain sought after in the Tuggerah area, with these two units being snapped up before commencement of any marketing. LEASINGS CENTRAL COAST BUSINESS REVIEW SEPTEMBER 2023
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