CCBR Business Review

18 P R O P E R T Y N E W S A Sydney investor with multiple investments across the Central Coast has paid $1.3 million (GST not appli- cable) for the North Wyong Aquatic Centre in Unit 3, 16 Donaldson Street, North Wyong. Established in 2003 the centre has 1,200 members and operates 6 days a week. The current tenant has a new 7 year lease with 2 x 7 year options. Ben Purdue from Raine & Horne Commercial negotiated the sale. 6.8% return for aquatic centre investment Investor buys storage units investment An investor has bought a 53 unit self stor- age complex in the Tumbi Umbi Industrial Estate at 1 Bon Mace Close, Berkeley Vale, paying $1,225,000 (GST not applicable) The complex is built on a 2,077 sqm site and has a number of long term tenants and generates a rental income of $55,000 gross per annum. It was built in 2007 and has been with the same owner since. Ben Purdue from Raine & Horne Commercial negotiated the sale. Investor buys units Wyong industrial units An investor has bought Units 13 and 14 at 11 Donaldson Street, Wyong paying $617,500 (GST no applicable). GET A HIGHER RETURN ON YOUR AD SPEND WITH CCBR HERE’S WHY ADVERTISING IN CCBR WORKS... • Readers actually see your ad! • Most widely read and trusted business publication on the Central Coast • Surveys show 94% of readers are likely to contact advertisers • Quality editorial content guarantees readers retain their CCBR’s for over 3 months • Reach over 20,000 business readers each month Online advertising works well for some but it’s not for everyone. STOP PAYING TOO MUCH FOR TYRE-KICKERS ON GOOGLE ADS ADVERTISING IS AN INVESTMENT IN YOUR BUSINESS IT’S OUR BUSINESS TO HELP YOUR BUSINESS Call Edgar Adams now - The voice of business on the Central Coast 4367 0733 - 0404 472 571 or email: edgaradams@ccbusinessreview.com.au The adjoining units are leased to a long established tenant who has signed a new 3 x 3 year lease at $42,000 per annum net plus GST providing a yield of 6.68% per annum net. Ty Blanch and Brett Dowling from LJ Hooker Commercial Central Coast negoti- ated the sale. Owner occupier buys West Gosford industrial unit An owner occupier has purchased a 226 unit at 290 Manns Road, West Gosford pay- ing $550,000 plus GST. Anthony Scarcella from LJ Hooker Commercial Central Coast negotiated the sale. LEASES Podiatrist leases at Tuggerah Business Park A podiatry clinic has leased a 146 sqm office space in Block G, ½ Reliance Drive, Tuggerah Business Park. Terms of lease are 3 years with 3 year option at a rental of $36,500 per annum ($250 per sqm) plus Outgoings and GST. Ben Purdue from Raine & Horne Commercial negotiated the lease. Fabricator leases at Tuggerah Business Park A fabricator has leased a 480 sqm ware- house unit at 11 Reliance Drive, Tuggerah Business Park. Terms of lease are 3 years with 3 year option at a rental of $49,500 per annum net + GST Ty Blanch and Brett Dowling from LJ Hooker Commercial Central Coast negoti- ated the lease. CENTRAL COAST BUSINESS REVIEW FEBRUARY 2021

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