19 PROPERTY NEWS A local investor has paid $1 million plus GST for a freehold property at 34 Victoria Street East Gosford. The R1 zoned property comprising a 125sqm former residence that has been occupied for chiropractic services for three decades is on a 639sqm corner lot at the intersection of Central Coast Highway (Victoria Street) and Adelaide Street and is exposed to some 40,000 cars per day. Brad Rogers and Michael Hanson from RWC Central Coast negotiated the sale. Investor buys East Gosford freehold Central Coast Council buys Woy Woy commercial site for road widening Central Coast Council has paid $3,425,000 (GST not applicable) for a commercial building on the corner of Ocean Beach and Rawson Roads, Woy Woy for road widening. The property had been listed for auction through Karen Aubrey from Knight Frank Central Coast on 25th July and sold prior to auction. The property comprises a 1,400sqm building on a 1,810sqm site at the busy intersection. Online bidder secures West Gosford warehouse An local owner occupier, bidding online, has bought Unit 6, 13 Dell Road, West Gosford paying $760,000 (GST not applicable). The 237sqm unit is part of a larger older concrete panel complex. Coming Soon 455 Pacific Highway, Wyoming Freestanding High Profile Building Commercial Investment Freestanding Showroom/Factory 258 Manns Road, West Gosford Building Area: 414m2 Land Area: 2,042m2 Concrete handstand with rear access Geoff Tilden 0415 238 846 | 02 4324 7744 CENTRAL COAST Auction. For Lease. Investor buys Charmhaven unit An investor has paid $725,000 (GST not applicable) for Unit 1 of 226sqqm at 1 Botham Close, Charmhaven. Features include; 199sqm ground floor warehouse, 27sqm mezzanine area plus amenities. The unit is part of a 4 warehouse complex on the corner of Callaghan Drive and Botham Close and includes yard space with front and rear access and security fenced. Steve Vella and Mark Davies from RWC Central Coast negotiated the sale. Investor buys Toukley cafe/take away A local investor has paid $535,000 (GST not applicable) for Shop 5 at 30 Canton Beach Road, Toukley tenanted as a cafe / take away shop. The 68sqm property was sold at 6% yield with a new 5 year lease from December 2024 to a long term tenant at a rental of $32,250 per annum net plus GST. The sale was negotiated by Brett Dowling and Ty Blanch from Knight Frank Central Coast. builder V-Build and comes off the back of a successful 14-unit development two doors down at 51-53 Gavenlock Road that was completed and settled in May-2023. “Tuggerah remains a highly sort after commercial precinct due to its proximity to the M1 motorway and its strategic location between Sydney & Newcastle. It has benefited from substantial investment and infrastructure upgrades over the past 5-10 years which has seen the popularity of the area boom,” Mr Dowling said. The property last sold in 2010 for $265,000 (Source: CoreLogic) The property was sold through Karen Aubrey from Knight Frank Central Coast who said that there were 2 online and 1 phone registered bidders. CONTINUED FROM PAGE 18 CENTRAL COAST BUSINESS REVIEW SEPTEMBER 2024
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