CCBR Business Review

17 P R O P E R T Y N E W S Sydney builder DASCO will start construction on Azure Terrigal a 23-unit apartment develop- ment at 15 Kurrawyba Avenue (corner with Church Street) in the next few months. Demolition of the former Anglican Church was carried out in May and June. Kyle Brand from George Brand Real Estate Avoca Beach sales agents for the project said that all 23 apartments had sold within 10 days of going on the market three months ago. Prices ranged from $800,000 to $3.3 mil- lion for the penthouses The development comprises 23 apart- ments with 2 – 4 bedrooms and studies and 2 retail spaces over five levels. Meanwhile DASCO, having acquired a development site on the corner of Albany and Duke Streets, East Gosford from the Tony Denny owned Central Real earlier in the year, is planning to start construction on a 39- DASCO to start on Azure Terrigal project Karedis puts Gosford properties on the block 280 Mann Street, Gosford 290-300 Mann Street, Gosford A significant Gosford property holding owned by the Karedis Family has been listed for sale by Expressions of Interest through Steven Lerche from Savills Sydney. The property comprises two lots which are being marketed separately: 280 Mann Street and 290-300 Mann Street. The total area on offer is 2,860 sqm. Development approval across both sites was granted in 2017 for the construction of two mixed-use buildings comprising a 24-storey tower (Building A) and a four- storey building (Building B), including 219 apartments (47 adaptable) and 725sqm of retail. 280 Mann Street comprises a 2-level commercial building with NLA of 2,545 sqm on a 2,211 lot with secure basement parking for 64 vehicles. This property is fully leased to four tenants with a net passing income of $576,500 pa. 290 – 300 Mann Street comprises a vacant retail / showroom building, plus a large warehouse building leased to two Tenancies with a rental income of $28,114 net pa. There is also a large on grade car park to the south of these buildings. Expressions of Interest close at 4pm (AEST) Wednesday 14 July 2021. 280 Mann Street also available for sale either separately or in-one-line with 290- 300 Mann Street. For more information contact Steven Lerche on 0414 467 216 apartment development around October this year. Spacious luxury apartments in Azure Point Frederick will comprise 2, 3 and 4 bedrooms with internal areas starting at 101 sqm up to 229 sqm and external areas up to 215 sqm. Features will include 5-Star finishes, grand foyer, gymnasium, swimming pool and manicured communal spaces. All will have panoramic water views. Marketing of Azure Point Frederick by George Brand is about to commence Established in 1993, DASCO offers a full range of professional services in innovative design and construction of residential, commercial and industrial developments. DASCO directors are Daniel and Salim Nicolas who founded the company. Azure Point Frederick Azure Terrigal CENTRAL COAST BUSINESS REVIEW JULY 2021