CCBR Business Review

19 P R O P E R T Y An owner occupier has paid $785,00 plus GST for Unit 15, a 340sqm unit at 222 Wisemans Ferry Road, Somersby. The recently completed industrial complex known as the Triple Two Estate, is almost sold out at prices around the $2,300 to $2,500 per sqm proving that buyers will pay a premium for a quality build. Karen Aubrey from LJ Hooker Commercial Central Coast who has sold twenty of the units commented that this is a substantial concrete panel construction development with wide vehicle access to all units and built-in mezzanines that you rarely see. Owner occupier buys into Triple Two Estate Somersby SALES Owner occupier buys Kincumber unit An owner occupier has paid $1,100,000 (GST no applicable) for Unit 4 at 228 sqm factory unit at 11-13 Cochrone Street, Kincumber with an additional 120 sqm mezzanine that is fitted out and leased to a yoga studio for $14,172 pa + Outgoings and GST. The unit is part of a L-shaped complex with significant off road parking. Anthony Scarcella from LJ Hooker Commercial Central Coast negotiated the sale. Erina warehouse unit sells prior to auction Unit 5, 213 The Entrance Road, Erina has sold prior to auction to the company leas- ing the premises. Costal Tiles paid $750,000 (GST not applicable) for the property that comprises a 270 sqm building including 51 sqm mez- zanine and amenities with access from The Entrance Road and a rear lane. Anthony Scarcella from LJ Hooker Commercial Central Coast negotiated the sale. Investor buys Wyong industrial unit An investor has paid $395,00 (GST not applicable) for a 234 sqm industrial unit at 5B Lucca Road, Wyong. Unit 7 was sold with a continuing ten- ant who signed a new lease for $18,602 pa gross showing the buyer a return of 4.7% gross. The property had previously changed owners in 2016 for $270,00 (Source: CoreLogic) Ty Blancy and Brett Dowling from LJ Hooker Commercial Central Coast negoti- ated the sale. LEASINGS Social services organisation leases Tuggerah suite A youth social services organisation has leased Suite 15, 14 Pioneer Avenue, Tuggerah Business Park. The 275 sqm suite is in one of the most prestigious commercial buildings on the Central Coast and features boardroom, 2 executive offices and 26 workstations all ready for use. Terms of lease are 3 years with 3 year option at a rental of $85,250 pa + Outgoings and GST. Ty Blanch and Robert Bose from LJ Hooker Commercial Central Coast negoti- ated the lease. Nursery leases at West Gosford Binnsy’s Nursery has leased a 1,800 sqm vacant lot at 2 Luke Close, West Gosford. The property is level and fully fenced. Terms of lease are 3 years with 3 year option at a rental of $53,000 pa including Outgoings plus GST. Karen Aubrey from LJ Hooker Commercial Central Coast negotiated the lease. Electrical manufacturing company leases at Somersby Controlling Power Pty Ltd, manufacturer of electrical switchboards and related equip- ment, will relocate from Cromer in Sydney’s north and has leased a 892 sqm unit at 222 Wisemans Ferry Road, Somersby. Terms of lease are 3 years with 3 year option at $95,454 pa including Outgoings plus GST Karen Aubrey from LJ Hooker Commercial Central Coast negotiated the lease. Vision Australia leases at 40 Mann Street, Gosford Vision Australia will relocate from the Gateway Building Gosford to a 225 sqm ground floor space at 40 Mann Street, Gosford. Terms of lease are 5 years with 5 year option at a rental of $62,000 pa including Outgoings plus GST. Anthony Scarcella from LJ Hooker Commercial Central Coast negotiated the lease. CENTRAL COAST BUSINESS REVIEW JULY 2021