20 PROPERTY NEWS Sydney developer buys Hardys Bay site A Sydney developer has paid $5.5 million for a DA Approved mixed-use development site for 7 apartments and 4 retail shops. The 2,391sqm site comprising 3 lots at 58-62 Araluen Drive, Hardys Bay was offered with Development Approval dated 2018 and amended consent 2020. Nicholas Young from CBRE who negotiated the sale reported that they had received over 90 enquiries and five offers Owner occupier buys Killarney Vale retail An owner occupier has purchased a 250sqm property comprising commercial office and medical space with 2-bedroom flat. At 152 Wyong Road, Killarney Vale. Price paid was $780,000 (GST not applicable) The property previously traded for $380,000 in 2013 (Source RPData) Brett Dowling and Ty Blanch from Knight Frank Central Coast negotiated the sale. Footwear wholesaler buys in Tuggerah Business Park A footwear wholesaler relocating from the NSW South Coast has bought Unit 16, 16 Reliance Drive, Tuggerah. Price paid for the 176sqm sqm warehouse unit plus 75sqm office mezzanine, was $820,000 (GST not applicable). The property last traded in 2020 for $532,400 (Source: RPData). Brett Dowling and Ty Blanch negotiated the sale. A local investor has paid $$500,000 (GST not applicable) for a 54sqm strata retail shop at 233 West Street, Umina. The premises are leased to pet grooming business on a 3 year lease expiring March 2025 and 5 year option at a rental of $32,294 plus Outgoings and GST. The return to the investor is 6.5 % per annum. Mark Davies and Michael Hanson from RWC Central Coast negotiated the sale. Investor buys Umina Beach shop with 6.5% return Accelerating success. Lot 201 Cedar Mill Drive & Lot 210 Tinnula Drive, Jilliby Ben Curran 0401 208 088 colliers.com.au/p-AUS66025659 Located in premium industrial estate Lot 201 - 9,858m²* Lot 210 - 6,232m²* Close to M1 Pacific Highway *Approx. Estimated completion September 2024 Premium development opportunity Outline and locations indicative only For Sale Alex Sarroff 0421 343 768 CENTRAL COAST BUSINESS REVIEW SEPTEMBER 2024
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