CCBR Business Review

18 P R O P E R T Y N E W S Erina warehouse sells at auction A freestanding industrial warehouse of 975 sqm on a 1,865 sqm lot at 4 Marinus Place, Erina has sold for $2,180,000 (GST not appli- cable) at auction. The auction on the 18th November saw six registered bidders actively bidding the price up from $1.4 million to $2.18 with the auctioneer receiving 33 bids that took it above the reserve of $1.8 million. The property was offered on the basis of the current tenant paying $99,540.46 pa plus GST with the lease expiring in November 2020 and no option. The tenant of the property was the final bidder. Agent Anthony Scarcella from L J Hooker Commercial Central Coast said that all reg- istered bidders were Central Coast investors. General store at Woy Woy sells A retail property at 61 Trafalgar Avenue, Woy Woy has sold for $620,000 (GST not applicable). The 164 sqm shop on a 504 sqm lot is cur- rently operating as a general store with B1 Neighbourhood Centre zoning, which allows for shop-top housing, medical centres, com- mercial office neighbourhood shops etc. Karen Aubrey from LJ Hooker Commercial Central Coast negotiated the sale. 1 Burnet Road, Warnervale sales Two local owner occupiers have bought units in the recently completed 1 Burnet Road, Warnervale industrial development Unit 4 of 164 sqm sold for $480,000 ($2,927 per sqm) plus GST and Unit 9 also of 164 sqm sold for $405,000 ($2,569) per sqm) plus GST. Ty Blanch and Brett Dowling from LJ Hooker Commercial Central Coast, mar- keting agents for the project report that five units ranging in size from 109 sqm to 192 sqm sold between $2,450 and $2,650 per square metre depending on size and optional mezzanines. A consortium led by developer Mark Carey developed the complex have seen all but two units sold with five settled and five exchanged with settlement due in the next month. Off market sale or Lisarow industrial property Office furniture manufacturer AMS has acquired an industrial property at 33 Sunnybank Road, Lisarow which it was already leasing. The property which comprises a 860 sqm metal industrial building on a 4358 sqm block was sold off-market through Anthony Scarcella from L J Hooker Commercial Central Coast for $1,400,000 (GST not applicable). Platinum Erina suite sells An owner occupier has paid $300,000 (GST not applicable) for Suite 3.24 of 55 sqm in the Platinum Building, 4 Ilya Avenue, Erina. The sale included full office fit-out. Brad Rogers from Raine & Horne Commercial negotiated the sale. • 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 West Gosford industrial sells with 7.15% return A syndicate of local investors have acquired a freehold industrial property at 6 Gibbens Road, West Gosford paying $4.25 million (GST not applicable). The property which comprises a 2,267 sqm warehouse building with mezzanine office space on a 4,214 sqm lot is leased to a substantial company with a rental yield- ing 7.15% net. Brad Rogers from Raine & Horne Commercial negotiated the sale. Financial services company buys into Platinum Erina Financial services company, Mint Equity has purchased Suite 2.?? In the Platinum Building, 4 Ilya Avenue, Erina paying $570,000 (GST not applicable) for the 85 sqm space which has access to an outside balcony. The property was bought as a shell with the new owners carrying out a new fit out. Steve Skipper from S J Skipper & Associates negotiated the sale. CENTRAL COAST BUSINESS REVIEW DECEMBER 2020