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David Harris MP addresses Peninsula Chamber members Council continues to put environment ahead of housing needs Council redirects Government funding to kill off Wadalba East land release
End of an era as Booth Family retires from motor industry
Focus on town centres
THIS MONTH
Terrigal Beach
Page 4 – Edgar Adams’ Editorial Time for State Government to take control of planning at Central Coast Council
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CON T EN TS
In this issue 4 Edgar Adams’ Editorial
12 Worthington adds Ducati to line up
Time for State Government to take control of
12 New partners for AAP Finance Brokers
planning at Central Coast Council
Business news 5 End of an era as Booth Family retires from motor industry 6 Vales Point Power Station to remain open for four more years 7 Dunnet quits The Entrance 7 ALAND introduces premium penthouse offering to Gosford 8 Northrop 20 years on 9 Chartered Accountants elect new Chair 9 University leaps ahead in World Ranking 10 CC Mariners Liberty A-League Women’s team to be based at Sports
13 David Harris MP addresses Peninsula Chamber members 14 Terrigal – A town that never sleeps – almost 15 Council redirects Government funding to kill off Wadalba East land release 16 5 BIG mistakes Business Owners make with their business model
11 Council continues to put environment
19 Local business outbids investors for West Gosford industrial
Regular features
Central Coast Business Review
4 Edgar Adams’ Editorial
Central Coast Business Review is a Registered Trade Mark of Adams Business Publications Pty Ltd P.O. Box 3259, Erina, NSW 2250 Phone: (02) 4367 0733 Fax: (02) 4367 0744 Email: info@ccbusinessreview.com.au Typesetting by Graphic by Design ph (02) 4365 6777 Print & Distribution by Bromley Direct ph 0412 439 773 © Adams Business Publications 1994. All rights reserved. Reproductions in any part prohibited. While every effort has been made to ensure all information in this magazine is accurate, no responsibility will be accepted by the publisher, Adams Business Publications. The producer accepts no responsibility for illustrations or photographs supplied by organisations or individuals and/or typographical errors.
Time for State Government to take control of planning at Central Coast Council
14 Town Centre focus – Terrigal Beach 16 Business tips
11 Emma McBride MP at Wyong
19 Property news
CONTACT
Listen to Edgar Adams on Coast FM each Monday 9:45am Also follow us on Linkedin
22 Funny business
ahead of housing needs Chamber
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17 ‘When is a resignation a …. Dismissal?’
12 Business briefs
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23 Funny business
Phone 02 4367 0733 Email info@ccbusinessreview.com.au Web www.ccbusinessreview.com.au
CENTRAL COAST BUSINESS REVIEW AUGUST 2023
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EDITORIAL
Edgar Adams discusses local issues
Time for State Government to take control of planning at Central Coast Council THE AMALGAMATION OF Gosford and Wyong Councils in 2016 was heralded as an opportunity for the Central Coast to look to the future with confidence and prosperity. Unfortunately, we elected an activist council that is dedicated to an unrealistic environmental agenda that will see the region grind to a halt and create untold social issues. The appointment of an Administrator following the folly of the first elected council has achieved nothing except higher rates and a massive land sell-off as well as an activist Planning Department hell-bent on stopping all development where some tree, bush or plant that Council’s ecologists decree are endangered. Alternatively, to bring economic growth to a stop Council is using every trick in the book to slow down or stop Development Applications getting approved. Council’s Administrator, CEO and Environment and Planning Director constantly sprout the reason for delays in getting Approvals is a shortage of planning staff. And yet they are quite happy for planning staff to be tied up in defending their illegitimate refusals of Development Applications in the Land and Environment Court. Equally, they are quite happy to waste ratepayers money defending the indefensible in Court. In June CCBR we highlighted that frustrated developers had taken 23 cases to the Land and Environment Court and again
this month we report on even more cases going to Court – this time 28 cases. At the same time the minimum waiting time to get a Development Approval is over twelve months when 40 days should be the norm and is the case with most other well managed councils. The whole planning process at Central Coast Council has become a joke. NSW has a major housing crisis on its hands, thanks to twelve years under the previous government. Now Premier Minns and his Planning Minister has to find a way to get 180,000 new homes built over the next five years according to a Departmental briefing reported recently in the Sydney Morning Herald. Meanwhile, on the Central Coasts housing shortages and homelessness is a major social issue that no one should be prepared to countenance. Right now, if all present Development Applications before Council and in Court were approved and Construction Certificates issued, builders could start work on over 3,000 homes. At the same time there are developers and builders who are walking away from the Central Coast in frustration and disgust at how they are being treated by this Council While housing is a major issue that of getting Development Approvals for factories and other industrial purposes are similarly being held back or refused.
The absurdity of this is that these applications are for building on Industrial Zoned land. This Council is refusing Development Approvals on land which they claim are all sorts of threatened species. A spurious and dishonest claim but nevertheless holding back businesses that want to invest in the Central Coast and create much needed jobs. Industrial land is just that – industrial land. It is not national park. If someone wants to build a factory then they should be encouraged not provide accommodation for the Swift Parrot or the Squirrel Glider, or some so-called threatened species plant that could be cloned and turned into a weed. It is time for Premier Minns to step in. Sections 9.1 and 9.6 of the Environmental Planning and Assessment Act specifically deals with Ministerial and other enforcement powers. The Minister for Planning is enabled under these provisions to appoint a Planning Administrator. People are homeless, the economy is stalling, jobs are at risk. Over to you Mr Premier. Edgar Adams Editor
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BUSINESS NEWS
End of an era as Booth Family retires from motor industry ONE OF THE oldest continuing businesses on the Central Coast has sold out with the owners moving into retirement. Sam Elabbasi, owner of motor dealerships in Goulburn, Taree, Windsor has acquired Booths Motor Group founded in Gosford 83 years ago by Fred and Evelyn Booth. Originally a small mechanical workshop the business grew to become a larger workshop and petrol station on the corner of Mann and Faunce Street. Subsequently, their son, Kevin took over and grew the business further by becoming a Rootes Group new car dealer in the 40’s and moving into car sales selling the well known Humber and Hillman brands. Chrysler Corporation took over that brand in 1964 and Kevin and wife Nancey became a Chrysler dealer until Mitsubishi took over Chrysler in 1981. In the 80’s Kevin and Nancey Booth’s three children, David, Col and Sandie joined the business and created the foundations for growth. Initially they took on the Proton and Great Wall franchises, before making their first acquisition, Peter Robert Hyundai in 2004. This was followed by expansion to Tuggerah with the purchase of Wyong Mitsubishi in 2005. Hyundai was added to the business and then began construction of a number of new showrooms and Service Departments across the Group. After another period of stabilisation the Family purchased the Central Coast Ford business in 2018. Commenting on the family’s journey, David Booth said, “we have survived through
Kevin Booth with daughter Sandie and sons Col and David wars, recessions, financial crises and pandemics, growing and satisfying Central Coast motorists with new and used cars, finance, parts and service. We have all enjoyed the ups and downs, and every member of the extended families has had an involvement in the business over the years.” “We would like to take this time to thank the many employees that contributed to making the business strong and grew with us over the years, some of them committing over 30-40 years to the business. We couldn’t have done it without you,” Mr Booth said. Mr Booth said that most staff are staying on with the new business and “ we wish
them well and thank them for their input to our business over the years. For those that are moving on, we are sorry to see you go, and wish you the best in pursuit of another position, or in your retirement.” Mr Booth said that they recently received a Ford President’s Award as one of the top performing Ford dealers in Australia, and a Mitsubishi Diamond Award for excellence in Sales for Mitsubishi dealers, having previously won Hyundai Dealer Performance awards. “We are very proud of these achievements to add to the trophy cabinet,” he said. The Booths’ were renowned for their customer service. Their reputation was legend CONTINUED ON PAGE 6
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BUSINESS NEWS
Vales Point Power Station to remain open for four more years THE VALES POINT Power Station will remain open for another four years, from 2029 to 2033 following a reassessment update by the Australian Energy Market Operator (AEMO). In its statement the AEM said, the purpose of the assessment is to provide the Electricity Statement of Opportunities (ESOO) with a condition assessment of the existing generation equipment, ash dam capacity and general condition of the facility. The previous ESOO closure date was 2029, which was based on a nominal 50-year asset life. As the 2029 date draws closer, Delta Electricity has been able to estimate plant technical capabilities with a greater level of accuracy. Delta said the Vales Point Power Station continues to be a key asset in the transitioning energy market by providing essential firming capacity to support the growing integration of renewable energy and ensuring a reliable and secure source of electricity. Currently the Vales Point Power Station generates approximately ten per cent of New South Wales electricity needs. Delta noted the delays being experienced by new generation and transmission projects, along with earlier closure dates being announced by owners of other coal fired generators. Given the uncertainties surrounding the capacity of electricity resources over the next ten years and the urgent need to maintain system security throughout this period, Delta considered it a responsible step to advise AEMO of the availability of Vales Point Power Station’s capacity. The Interim Chief Executive of Delta
Electricity, David Morris, said that Vales Point has benefited from a detailed and rigorous maintenance regime throughout its life. “This has included major outages every four years on each unit to replace critical plant elements, implementing capital upgrades and Vales Point Power Station conducting extensive maintenance,” Mr Morris said. “The plant continues to provide high levels of availability to the system and is expected to continue to do so through to 2033.” “The energy system is in transformation, and this brings higher levels of uncertainty when forecasting market conditions for the longer term,” Mr Morris said. “Broader engagement with major stakeholders regarding system and market requirements will be required before firm commercial commitments can be made.” Trevor St Baker and Brian Flannery sold the Vales Point Power Station in December last year to Sev.en Energy, a company based in the Czech Republic. Currently Vales Point Power Station generates approximately 10 per cent of NSW electricity needs with Delta saying that in plant continues to be a key asset in the transitioning energy market.
Delta Group appoints CEO DELTA GROUP, OPERATORS of Delta Electricity’s Vales Point Power Station, and Delta Coal, announced on June 27 the appointment of Richard Wrightson as the new Chief Executive Officer. Mr Wrightson recently served as the General Manager Strategy at Lochard Energy. With over 30 years of operational and marketing expertise in the energy sector, including his previous tenure as Executive General Manager of Wholesale Markets at AGL Energy, Mr Wrightson is a highly accomplished senior executive known for driving significant growth in complex and dynamic environments, the announcement said. Mr Wrightson succeeds Greg Everett whose career with Delta Electricity spans 37 years, the last thirteen years of which has been as CEO.
End of an era as Booth Family retires from motor industry CONTINUED FROM PAGE 5
resulting in numerous life long customers. While David, Col and Sandie have managed the Booth Motor Group for many years, father, Kevin remained active although retired. Until the age of 90, prior to Covid, he would be seen around the dealerships welcoming customers and chatting to staff. At the age of 92 years he lives in retirement. New owners – Central Auto Group Across the Coast the former Booths Motor Group will trade as: Central Auto Group with franchise names of Central Coast Mitsubishi, Central Coast Hyundai, Tuggerah Mitsubishi, Tuggerah Hyundai and Coast Ford. Sam Elabbasi, his family and his teams will continue to provide the same sort of family service that Booth’s have provided over the past 83 years. CENTRAL COAST BUSINESS REVIEW AUGUST 2023
BUSINESS NEWS
Dunnet quits The Entrance SOME 35 YEARS ago Bob Dunnet acquired Lakeside Shopping Centre at The Entrance, and progressively over those 35 years acquired more land amassing in the end, an entire Town Centre block bounded by The Entrance Road, Dening, Taylor and Warrigal Streets. The Centre was originally built by the LEDA Group and it opened in 1979. Bob Dunnet acquired the property in the mid 1980’s and tried for his entire period of ownership to gain traction with the local authorities and the State Government, not only to develop his site, but to Revitalise The Entrance. Architectus, a leading Australian firm, prepared development plans for this Shopping Centre, and meetings were held for some two years with active members of the community to try and bring about a total Revitalisation of The Entrance, including the redevelopment of this site.
Accor Hotels showed interest in a 200 room facility but their offer was subject to the four lane Entrance Road being operated as a four lane road rather than parking on the two curbside lanes and no sympathy or co-operation was ever offered by Council to improve the flow of this road, so therefore the hotel did not go ahead. Sadly, with changing economic times and difficulties in dealing with various leading authorities, Mr Dunnet decided recently to dispose of his interest in this property. He indicated his sadness in parting with the property, but advised “no doubt, next year, The Entrance will take off.” “We are confident that the new ownership will provide the Centre with renewed energy and opportunites. The operation of the Centre will continue on a business as usual basis and our Lakeside Team will
What could have been. The Architectus designed development proposed by Bob Dunnet on the Lakeside Shopping Centre site remain involved for some 12 months to ensure a successful transition.” Mr Dunnet said that he wished the Centre and it’s retailers every success for the future.
ALAND introduces premium penthouse offering to Gosford Sydney developer and builder ALAND has unveiled its Signature Collection of twelve penthouse apartments occupying the top two floors of their Archibald by ALAND, development in Gosford. Featuring high-end fixtures and finishes, generous living spaces with sweeping water and mountain views, The Signature Collection introduces a new level of luxury and sophistication to the Central Coast. Archibald by ALAND’s Signature Collection of three and four-bedroom penthouses range in size from 175m² to 284m² and are priced from $2,320,000.
The Signature Collection is expected to attract discerning buyers from Gosford, Newcastle, Sydney and elsewhere who are looking to downsize from a large family home, searching for a luxurious weekender or making plans for their future retirement on the Central Coast. ALAND’s Founder and Director Andrew Hrsto says The Signature Collection is a masterclass in contemporary apartment design and also demonstrates his own passion for high-quality finishes. “Residents of these penthouses will enjoy an enviable lifestyle. The seamless flow
Archibald by ALAND Signature Collection Penthouse dining and kitchen area between inside and outside spaces will make entertaining family and friends at home a pleasure. Residents and their guests can also enjoy a cocktail at the Skybar & Lounge on level 28 or meet at the podium level swim-up bar or the ground floor Union Hotel.”
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BUSINESS NEWS
Northrop 20 years on ESTABLISHED IN 1976, Northrop Consulting Engineers is an employeeowned firm with ten offices across Australia offering civil, structural, building services and sustainability services. Northrop arrived on the Central Coast twenty years ago in August 2003. Trevor Clack, who had joined the organisation a few years earlier in Canberra as a graduate structural engineer, saw the opportunities unfolding in the region and opened a small Northrop office in Terrigal that became the launch pad for a business that now employs twenty-two people locally and is one of the leading consultancies on the Central Coast. “Our purpose when we opened was to provide a high level of service with imaginative and flexible design solutions. Our primary challenge was therefore to manage our workload, so that we didn’t win so much work that we lost sight of our “Purpose”,” says Mr Clack. “We quickly developed a strong reputation that aligned with this purpose through our early projects, the majority of which were luxury houses and units including many in Terrigal,” he said. These early projects allowed him to develop relationships with others in the industry that are still strong today. By 2008 the Northrop Central Coast office had outgrown the Terrigal space and a new home was found in the Highpoint Building in Erina. Over the following years the Northrop team grew organically as they expanded into civil engineering services, and other services offered through the capabilities of the wider Northrop group. This growth and development of relationships with others in the industry lead to Northrop adding more diverse projects to
their mix across a number of sectors including health and aged care, hospitality, commercial and industrial, community and council projects, and multistorey residential projects. Some of the most recognisable/notable commercial and Northrop Erina Team Council projects designed by Northrop include Bunnings at West Gosford, Tuggerah and Lake Haven, the Golflinks Commercial Estate at North Wyong, the Tuggerah Straight Commercial Centre and the St Hilliers developments in Gosford. As the demand for more health and aged care services on the coast rises, the response has been the development of facilities including Glengara, Wood Glen and Tarragal Glen Aged Care; Peninsular Village, Woy Woy; North Gosford Private Hospital, Brisbane Waters Private Hospital; Tuggerah Lakes Private Hospital being recently completed by the Central Coast Office. The Coast’s growing popularity and desirability has seen the need for residential projects spike. The Central Coast office has proudly been involved with some of the most exclusive multi-storey residential buildings including Bonython Towers, Gosford; Rockpool Apartments, Terrigal; and Ravello and Peninsular Apartments, both located in Point Frederick. As more and more people call the Central Coast ‘home’, the hospitality industry has also experienced significant growth. Trevor and his team are proud to have been
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involved with the redevelopment of venues including the Mingara Club; Elanora Hotel at East Gosford; the Railway Hotel in Gosford; The Doylo at Doyalson and Saddles at Mount White, a popular venue for Coasties and Sydneysiders alike. Earlier this year the Central Coast office in Highpoint was expanded to accommodate a growing team that is expected over the next five years. Commenting on their plans moving forward Mr Clack says, “We experience the best of both worlds – the Central Coast office is just the right size to have the feel and atmosphere of a small team, where our decision-makers are at the forefront of every project that we work on. Yet we also have the direct access to specialist expertise and experience that is afforded from us being a medium to large sized engineering company. We are an employee-owned company which means the owners of the business are working directly on projects, which in turn, means they are more heavily invested in the results and projects.” The culture that’s developed in the Central Coast office over the last 20 years is the perfect balance of business and pleasure. Having fun and creating a positive environment which encourages the team to enjoy themselves has created a unique and desirable place to work, something Trevor Clack is particularly proud of. Commenting on their success he says, “The most rewarding part of my role is that it is no longer all about me. It is about enabling others within our team to forge their own rewarding career path, taking on new opportunities and provide support for themselves and their families”. “The Central Coast has always been a place where opportunities are everywhere that you look. Disappointingly at times, those opportunities either go to competitors from outside of the region despite the Coast being full of companies like Northrop who have the local expertise to take them on, or the opportunities fail to get off the ground in the first place due to red tape. That being said, we remain optimistic that one day the Central Coast will realise its potential.”
BUSINESS NEWS
Chartered Accountants elect new Chair CHARTERED ACCOUNTANTS AUSTRALIA New Zealand (CAANZ) have elected Adrian Thompson, Director of accounting firm Fortunity, as Central Coast Regional Chair at their June 23rd AGM. He replaces outgoing Chair Sarah Keenan from BreezeEQ Accounting who has been in the position for the past thirteen years. Along with Mr Thompson a new Committee was also elected: Vice Chair – Sara Keenan (BreezeEQ Accounting, Secretary – Daina Tarring (Fox Group), Treasurer – Nicolas Leek (Fortunity), Members – Sean Taylor (Central Coast Sports College) Glen Redgrove – (GMK Accounting), and
Belinda Henson (BreezeEQ Accounting) Mr Thompson said that at this stage the Committee have the following initiatives they would like to promote and develop: • Push forward CAANZ initiatives and be advocate for Chartered Accountants on the Central Coast, • After COVID, re-connect local CA’s and promote good mental health and provide social forums and events for the local membership, • Provide at least two educational events for our members to attend annually which provide Continue Professional Development opportunities on the Central Coast at venues located on the Central Coast, • Find ways to create career pathways into
CAANZ Central Coast outgoing Chair Sara Keenan with Adrian Thompson finance and account for young people who live and want to work on the Central Coast, • Create partnerships with local Secondary Schools and look to develop an internship program for young people to engage with our local accounting and professional firms.
University leaps ahead in World Ranking THE UNIVERSITY OF Newcastle has ranked equal 173rd in the world in the 2024 QS World University Rankings, jumping 19 places. The rankings rate universities across measures including the quantity and impact of research, global engagement and employment outcomes of graduates. Vice-Chancellor, Professor Alex Zelinsky AO, said the continued success in rankings confirmed the University’s position as a worldleading institution. “Over the past 10 years we have improved 125 positions in our world ranking, which is a tremendous achievement considering the competitiveness and calibre of the universities included in the rankings,” Professor Zelinsky said. “We are absolutely committed to being a
university of and for our regions and these results show that we stand out amongst some of the foremost universities in the world. “We are proud to be undertaking innovative research on a global scale and providing an excellent education experience that gives our students the best possible start to their careers. “People in the Hunter and on the Central Coast can know they have one of the best universities in the world right on their doorstep.” The 2024 rankings included a new measure of sustainability, with the university ranking equal 70th in the world. “We are committed to being carbon neutral by 2025. Sustainability is at the core of everything we do, and I see creating a sustainable future as critical to our organisation and
Prof. Alex Zelinsky AO, Vice-Chancellor and President, University of Newcastle our region,” Professor Zelinsky said. “Our research to improve sustainability is world leading and includes projects like Professor Behdad Moghtaderi’s Renewable Energy Systems program that aims to reduce reliance on fossil fuels, minimise greenhouse gas emissions and increase renewable energy.”
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BUSINESS NEWS
CC Mariners Liberty A-League Women’s team to be based at Sports College THE CENTRAL COAST Sports College has announced that the Central Coast Mariners Liberty A-League Women’s team will be based at their Mt Penang campus. Additionally, the team’s Home Ground will be Industree Group Stadium at Gosford. Earlier, in March this year, the Central Coast Mariners announced the appointment of Emily Husband as the club’s A-League Women’s coach. The announcement comes as the College celebrates its 10th year since CEO and Principal Paul Chapman founded the College at Mt Penang, initially named the International Football School, with 76 student athletes. In its first five years the school added tennis to its sports offering, however demand from parents to offer additional sports saw the name changed to Central Coast Sports College in 2018. Today the College offers: football, tennis, netball, rugby league, rugby union, dance and basketball with 760 student athletes enrolled from Kindergarten to Year 12. Being located at Kariong, with limited transport options, the College operates a fleet of twelve buses bringing students to school from across the Central Coast and transporting them to sports events even further. A unique service offered to all student athletes is the CCSC Cafe providing aa free lunch that consists of a range of healthy food options.
Student Athletes in class at Central Coast Sports College The focus for the College is develop student athletes through sport, innovative education and real life opportunities. Students, who are all seen and treated as athletes, spend 4 hours per day in the classroom and 2 hours on the sports field. Academically the College offers the mandatory NSW Education Standards curriculum via the Big Picture Education Programme having discontinued the HSC in recent years. Big Picture is a personalised learning programme that allows student athletes to work on a portfolio based on their area of interest, which can be used to apply for university entry. Additionally, student athletes from Year 9 upwards are expected to participate in a work placement scheme whereby they spend one day per week with an employer of choice for a full term. This gives them
Paul Chapman, Founder CEO Central Coast Sports College the opportunity at an early age to decide what career path or further education path they wish to take. With a staff of 120, including 24 full time coaches, the College has become the major tenant at the Mt Penang Parklands site and its facilities which is administered by the Hunter Central Coast Development Corporation. Commenting on the College’s future, CEO Paul Chapman said “The demand for us to take in more student athletes could see the College grow significantly in the short to medium term. Further growth would allow us to add more sports to our program and we are actively working with the Federal and State Government’s to unlock more land to allow for future development and additional infrastructure to support the future aspiring student athletes on the coast.”
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BUSINESS NEWS
More cases off to Court as Council blocks developments Central Coast Council continues to thumb its nose at the need for affordable housing on the Central Coast putting trees for squirrel glider, bushes to accommodate the Tasmania swift parrot, and saving so-called endangered plants in its quest to turn the region into one huge national park. The past month has seen frustrated builders and property developers take a whopping 23 cases to the Land and Environment Court as Council continues to refuse legitimate development applications that would see over 3,000 potential home sites become available across the region. In June CCBR we reported that 23 cases had been taken the Land and Environment Court. While Council bleats that they are unable to recruit or keep senior town planners to carry out the task of development
applications from swimming pools to renovations and houses they choose to ignore that what planners they do have are being totally tied up on court matters. As most, if not all, these cases will be decided in favour of applicant (developer or builder) Council is facing an enormous bill for legal fees, let alone the time their planning staff are taken up in defending each case. Central Coast Council is fast gaining the reputation as the most litigated against council in NSW. And this is not the only issue. An equally significant issue is Council’s deliberate policy whereby Development Applications are being returned before being processed on the basis that they are substandard or incomplete. A dishonest means by which Council is able to fudge the figures and show a reduced number of DA’s in the system and show
the public at large how fast they are getting DA’s approved. Meanwhile, those DA’s that are getting approved are taking at least twelve months, sometimes more. With building costs continuing to escalate home buyers and builders are getting caught up negotiating new arrangements with banks and other lenders who, having agreed on the original loan, are reluctant to come good with additional finance. While Council continues to do all it can to block any form of residential development the demand for affordable housing and rental housing continues to grow with the attendant social issues that it creates for people in need. Meanwhile investors and businesses are eyeing the opportunities in the Lake Macquarie LGA, specifically around Morisset.
Emma McBride MP at Wyong Chamber insight into the work of Central Coast Business owners. Each and every business in committed to strengthening the local economy and plays a vital role in keeping people in jobs. The Albanese Government remains steadfast in our commitment to supporting small businesses, fostering economic growth, and support local jobs. We believe that by empowering small businesses, investing in vital infrastructure like the NBN, and providing targeted support, we can build a prosperous and resilient economy.
Member for Dobell, Emma McBride MP, Tarnia Gurney, Susan Rodak, Glenn Zocher, Jenny Darbin, Katrina Woolcott OVER FORTY MEMBERS of the Wyong Business Chamber attended the June members meeting to hear Member for Dobell, Emma McBride MP, Assistant Minister for Mental Health and Suicide Prevention and Assistant Minister for Rural and Regional Health talk about the issue of housing particularly as it affects the Central Coast. In her address Ms McBride said, “Small and medium businesses are the beating heart of regional communities right around Australia but that is especially true for right here on the Central Coast. I have had a close relationship with the Chamber in joining as a Councillor Delegate back in 2008 and attended board meetings until the end of my Council term in 2012. That experience provided invaluable
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BUSINESS BRIEFS
Worthington adds Ducati to line up operators like Worthington Motorcycles and have them invest in the success of our brand. The future certainly looks bright,” he said. New partners for AAP Finance Brokers
Guests at the opening of the Worthington Ducati dealership in early July The Worthington Motor Group has added Ducati to their motorcycle lineup and in mid-July opened a brand new Ducati showroom that saw almost 300 motorcycle enthusiasts turn up to view the new Ducati models now available on the Central Coast. Dealer Principal, Brad Worthington, said he was proud to be joining the Ducati family. “The team and I have always revered the Italian passion and heritage of the Ducati brand and products, and we can’t wait to offer our Central Coast customers the chance to experience that special flair for design and performance for themselves.” “You can expect to see many more luxurious, sporty Ducatis on the Central Coast with many orders already received,” he said. Reflecting on the momentum continuing to build within its dealer network, Managing Director of Ducati Australia
CENTRAL COAST BUSINESS REVIEW AUGUST 2023
AAP Finance Brokers Erina Directors Anthony Ryan, Tony Haworth and Lisa Holt.
Ducati Australia and New Zealand Managing Director Sergi Canovas with Ducati Dealer Principle Brad Worthington and New Zealand, Mr. Sergi Canovas, said the time was right to further increase the brand’s footprint in Australia. “Ducati is setting sales and racing records equally in every corner of the globe right now. It is an extremely proud moment for all of us to be partnering with experienced
AAP Finance Brokers have announced the appointment of two new Partners, Lisa Holt and Anthony Ryan, to the organisation. Ms Holt has been a finance broker with AAP for the past six years. Prior to joining AAP, she was a successful real estate agent on the Central Coast, with over 29 years’ experience in real estate industry. Mr Ryan joined AAP in 2022 after sixteen years specialising in franchising and retailing management. Established by Anthony Haworth in 2013 AAP Finance Brokers are a network of branches in Sydney, Central Coast NSW, Sutherland Shire, Northwest Sydney, Wollongong, Bathurst, and Tamworth.
BUSINESS BRIEFS
David Harris MP addresses Peninsula Chamber members
Member for Gosford Liesl Tesch AM, Peninsula Chamber of Commerce President Member for Wyong, Minister for Aboriginal Affairs & Treaty, Minister for Gaming and Racing, Minister for Veterans, Minister for Medical Research and Minister for the Central Coast, David Harris MP David Harris and State Member for Gosford Liesl Tesch amid concerns over housing availability and slow Council approvals. “It was refreshing to hear from the Minister for the Central Coast that he fully understood the difficult state of housing availability and affordability on the Central Coast”, said Peninsula Chamber President Matthew Wales. “David Harris, being a local boy, recognised that the Peninsula has a huge potential to provide medium density housing especially around our retail centres where services already exist”.Mar23 Final V2.pdf 1 3H 180x100
“He also saw the need for greenfield development in the Warnervale/Wadalba precincts but acknowledged that urban expansion comes at cost where new infrastructure needs to be provided”, Mr Wales said. However, the Coast is facing a housing availability crisis as new housing stock remains low, building costs are escalating, trades remain hard to get and Central Coast Council continues to take way too much time approving new developments. “Whilst acknowledging that the Central Coast Council had eet it key performance targets whilst under administration, the Minister clearly remains concerned that the Council needs to improve its service delivery particularly in ensuring that residential land is released for new housing and development application assessment times are sped up.” “The Minister clearly understands these housing issues and committed to delivering better outcomes whilst recognising that the NSW State Government is under pressure to reign in the State budget”, said Matthew Wales. “The Minister knows that he has to deliver on the State Government promises but in his position as Minister for the Central Coast, he is ideally situated to secure more funding and better outcomes for the region”. Mr Wales said that Woy Woy town centre renewal, roads and the dredging of the Ettalong Beach Channel remain high priorities for the Peninsula Chamber and these issues were highlighted to the Minister. 28/3/2023 4:05 pm
“The Chamber will be lobbying the Minister’s office to ensure that projects such as the Ocean Beach Road/Rawson Road intersection upgrade and Ocean Beach Road/Dunban Road upgrade are delivered as promised as these are critical to alleviating traffic congestion on the Peninsula”, he said. Gosford Business Chamber to host Minister Harris at September Economic Breakfast meeting Minister for the Central Coast David Harris MP will be the Gosford Business Chamber’s Guest Speaker along wih along with Member for Gosford Liesl Tesch MP and Member for The Entrance David Mehan MP. Where: The Entertainment Grounds, West Gosford When: 22 September 2023 Time: 7.30 am To Book: Visit www.gebc.com.au
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FOCUS ON TERRIGAL
Terrigal A town that never sleeps – almost AS A SUBURB Terrigal has always been a popular place to live and to visit. In fact Terrigal’s history as a holiday destination goes back over a hundred years when a large number of guest houses provided accommodation and entertainment for the well-heeled families from Sydney to spend their summer holidays. As a tourist destination it flourished in the summer months and went into hibernation for the winter. Many businesses closed their doors after the May school holidays and reopened in the spring. Terrigal started to come to life when the Sydney-based Peppers Hotel Group bought the jaded Florida Hotel in the early 90’s, demolished it and built the 200-room Peppers on Sea Hotel at a reported cost of $100 million. A genuine 5-star hotel, Peppers attracted a high class clientele from Sydney’s Eastern Suburbs and elsewhere with money to spend. And spend they did. But it was not just the high end market that the new hotel attracted. With its highend conference facilities Peppers introduced a new market to the Central Coast – the meetings and conference market. Overnight, businesses in the town saw their mid-week turnover go through the roof as corporate executives took time off to visit the beach and the shops and spend. Additionally, the new hotel quickly developed a local social scene that attracted local business owners and executives from across the Coast. It was the place to be seen. Peppers on Sea eventually became a Intercontinental Hotels’ Crowne Plaza brand. Successful business operators from Sydney saw new opportunities as Terrigal started to come to life as a cosmopolitan seaside town. Coffee shops, restaurants and up-market fashions and homewares stores took over the town. Over the next ten years property developers started taking notice with one Sydney developer buying up and consolidating a number of blocks on Terrigal Esplanade, Painters Lane and Campbell Crescent. In the late 1990s he lodged a Development Application with Gosford Council for a visionary development that would further transform Terrigal adding to a new optimism and growth for the town. That was in the mid 1990s. Unfortunately for Terrigal a minority of local NIMBY residents fought tooth and nail to stop development which included another hotel, shopping precinct and luxury apartments. And they were successful. However, unstoppable change was in the air and in the late 1990s the Catholic Church sold their Star of the Sea property CENTRAL COAST BUSINESS REVIEW AUGUST 2023
Terrigal Beach to one of Sydney’s wealthiest developers, who took the first step developing the property and building the Star of the Sea luxury beachside resort. That was in 2002 and all 53 apartments sold off the plan at prices unheard of before. The success of the Star of the Sea Resort development was the catalyst that attracted Sydney property developers and investors as well as local developers to create a new Terrigal, demolishing older homes and building luxury apartment blocks, particularly in Terrigal Bowl which is walking distance from the beach and shops, where prices are now sky high. A 408 sqm apartment in Star of the Sea sold in January for $6.5 million. In the years since, developers and builders have virtually rebuilt Terrigal demolishing the old and replacing them with luxury apartments. The most recently completed Azaria development on the corner of Church Street and Kurrawyba Avenue has seen apartment sales from $2 million to $4 million. The consequence of this has been a new more affluent demographic setting Terrigal apart from the rest of the Central Coast and demanding a more up-market food and retail offering. These changes have made Terrigal a more attractive place to visit and most days of the week and every evening will see high-yield visitors strolling the streets and spending money. And, this applies summer and winter. While Terrigal Beach and now the Boardwalk are the overarching attraction for locals and visitors it is the numerous coffee shops, cafes, restaurants and bars that create a vibe that starts as early as 5.30am each morning and continues until midnight and beyond.
Terrigal is a popular spot for early morning joggers, walkers and swimmers some who stay on for coffee. Terrigal’s night time economy is by far the strongest of any town on the Central Coast. Late night live music and entertainment is available at venues like: Terrigal Beach House, Sirens The Nightclub, Pocket Bar, Mumbo Jumbos, Terrigal Hotel and others. While business is strong in Terrigal present economic conditions are seeing some operators closing down unable to pay the high rents that investors demand and achieve. However, as fast as one business closes another takes its place. There are no vacancies in Terrigal. Incoming businesses see the opportunities but do not take account of the enormous rents that landlords in Terrigal are asking and getting. Additionally, competition from 53 food outlets (CCBR carried out a survey of all businesses in Terrigal for this article) in the centre of Town means that to survive a businesses has to have a unique offer. Terrigal’s transition from sleepy holiday village to a vibrant town and economy has largely been unplanned. Its growth has been organic. The Esplanade shopping strip on Terrigal’s beachfront has been an eyesore for years. The alfresco dining structures on the street along with clothing racks on the footpath have made the place look much like a bazaar. A few business owners who want to see Terrigal become a more attractive place have been able to prevail on Central Coast Council to set down a rule for standardised footpath dining structures. The old are now being replaced with the new. Terrigal is now an established high yield visitor destination, winter and summer, anchored by a wealthier local demographic.
CEN T R AL COA S T COUNCIL NE WS
Council redirects Government funding to kill off Wadalba East land release CENTRAL COAST COUNCIL has redirected a substantial part of a State Government Grant of $1.4 million from the Regional Housing Fund for the planning and design of sewer and storm water basin infrastructure for the Wadalba East Land Release Area (WELR). The WELR comprises an area of some 143 ha of land with potential for 1,500 homes, originally announced by Wyong Council in 2012 and finally rezoned in December 2020 and becoming effective on 31 July 2021. It included a Wildlife Corridor of 20 metres through the land that eliminated about 300 home sites. Following the rezoning the Land Owners took steps to their develop their land in accordance with an approved Masterplan for the WELR. Every Development Application has been thwarted at some point with one land owner now facing bankruptcy and others proceeding to the Land and Environment Court. Meanwhile as part of the development of the WELR Council was required to carry out the planning and design of the sewer and storm water infrastructure. Claiming that it did not have the funds to carry out this work the Government handed over the $1.4 million in accordance with the Regional Housing Funds objectives: • To unblock and accelerate new housing capacity in regional NSW, • To bring forward construction and the opportunity for jobs and economic activity in the short to medium term, and • Support investment in critical development infrastructure and high-quality public open spaces projects The Funding Agreement between the State Government and Council was executed by Council’s Director of Environment and Planning Dr Alice Howe and a representative from the Department of Planning
and Environment in September 2022. Council then appointed a Project Manager to oversee the work who had no knowledge of the background of the project whatsoever. Further, Council then awarded a contact to Terrior, a firm of ‘collective architects and urbanists’ with offices Wadalba Urban Release Locality map in Sydney, Hobart and Copenhagen at a cost of $595,170 to ‘develthe funding grant would not have been op a masterplan for Wadalba East. provided if it was noted on the application Other firms with a knowledge of the that its purpose was to revisit the rezoning region were overlooked even though their and the Masterplan.” price was much lower. Mr Hanna continues, also of note and According to Terroir the Methodology concern are “an email from Alice Howe for the project was De-risking Wadalba East which appears to acknowledge the fundLand Release with Phase 1 identifying a ing has been used for ulterior purposes. A range of “Risks” follow-on email then to State Government These ranged from bio-diversity data, to get them to retrospectively change their BCAR issues, bushfire mapping, vegetation funding description so it matched up with an endangered species and the 1 in 100 what Council went ahead and did.” year flood mapping. According to an email addressed to Central Coast Council Economic Central Coast Council CEO David Farmer Development Strategy and copied to Member for Wyong David In January 2023 the Six Cities Commission Harris and a number of media outlets published the Central Coast Strategy with including CCBR by one frustrated Wadalba Policy Settings with the headline – The East property owner, Paul Hanna, “it is clear NSW Government and Central Coast now that there has been a complete misCouncil have policies and plans in place management of the funding provided by that clearly establish the region’s vast ecoAlice Howe to pursue a somewhat personal nomic potential. agenda and more than likely will cause the Within this Strategy document is the funding to be exhausted without deliverCentral Coast Council’s own Economic ing its intended purpose (the planning Development Strategy which states – The and design of the sewer and storm water Strategy details how by 2040 the Central infrastructure).” Coast will welcome 88,000 new residents, Mr Hanna says, “ Thirteen years have been grow the economy y over $21 billion and spent delivering the rezoning. I am certain create 72,000 new jobs.
WHY BUSINESS OWNERS ON THE CENTRAL COAST CHOOSE CCBR TO GROW THEIR BUSINESS ✓ They can reach over 20,000 business readers every month. ✓ Most widely read and trusted business publication on the Central Coast. ✓ The repetition of your ad every month means readers will get to know you and remember you. ✓ Independent surveys show 94% of readers will use the CCBR for reference when looking for suppliers. ✓ The quality of the publication and the content means readers retain the CCBR for future reference.
Call Edgar Adams now on 0404 472 571 or Email: edgaradams@ccbusinessreview.com.au CENTRAL COAST BUSINESS REVIEW AUGUST 2023
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BUSINESS TIPS
5 BIG mistakes Business Owners make with their business model
By Troy Marchant, Director, Adviceco Chartered Accountants
BEFORE I BEGIN, thank you to all the readers who emailed me last month on the ideas I shared. As always, feel free to email me directly troy.m@adviceco.com.au This month I wanted to share some insight on where I see things go wrong. There are some fundamental differences between high-growth business models and those going nowhere fast. These five signs will indicate which way you’re headed. Statistics indicate that more than 60 percent of small businesses will close within three years of starting. Similarly, it’s a rare business that gets the traction required to turnover a million dollars or more in sales. The reality for many business owners is if they calculated the profit they obtain from their business and divide it by the hours they put into their business, it would be more economically viable for them to get a job with someone else. Here are 5 criteria against which you can measure your business model’s potential to succeed, scale and grow.
CENTRAL COAST BUSINESS REVIEW AUGUST 2023
1. Adequate funding One of the biggest reasons businesses fail is they simply run out of cash. In the early days of a business, there is likely to be significant spend on setting things up. This usually occurs before any revenue has been earned. Then, assuming the business starts to make sales, many business owners are not well educated in how the money cycle works. For example, if you offer your customers credit, you might find you are paying your suppliers before you receive any cash from your customers. This can put a strain on cash flow. Similarly, once you register for GST, it’s important to have a cash buffer so that you can meet your quarterly obligations . To help ensure your business has sufficient capital to thrive, look for opportunities early on to secure finance. And remember…it’s easier to obtain finance when you don’t need it than when you’re desperate, so it’s a good thing to have tucked into your back pocket just in case. 2. Diversity of supply and demand Is your business restricted by a small number of suppliers or customers? This is a strategic issue. If your business or business idea is subject to severe buyer or supplier dominance and it does not otherwise have any significant competitive strength, you might be facing an uphill battle. Your business is also fraught with risk — imagine you have only two customers and one of them goes out of business or moves to a lower cost supplier. Suddenly, half your
business is gone. Look for ways to expand your products or services so that you can reach a broader customer base. 3. Addressable market size Is there a clearly established demand for your product or service? There’s no question that new products or services have the potential for very substantial rewards. The first successful entrant into a given industry usually has a big payoff. But statistics speak for themselves. As noted above, new product or service ventures have a high failure rate. Furthermore, innovative entrepreneurs generally commit all their resources to the design concept. As an example, I recently listened to a radio interview with an entrepreneur. His invention was a gadget to install in your wine cellar that would assess time, temperature and other conditions to determine which wine you should drink first from your collection. Pretty cool idea. The interviewer asked a great question, though, which amounted to ‘Is there a market for this product?’ “Most of my friends tell me that if a bottle of wine makes it to the weekend without being drunk, they’ve done well,” he said. I thought that was a very insightful point. What’s the potential market size for your product or service? Is there a clearly established demand? What’s the Total Addressable Market (TAM) and how much of that can you realistically capture? CONTINUED ON PAGE 17
BUSINESS TIPS
‘When is a resignation a ... dismissal?’
How should an employer treat such ‘resignation’? The Fair Work Commission (the Commission) recently analysed this situation. Their finding highlighted where it can go wrong for employers in emotionally charged scenarios with their employees.
On 6 February, Yang’s supervisor was annoyed due to the Yang arriving some minutes late to work, and not doing his job properly. He raised this issue with the worker. This led to an emotion charged interaction with raised voices, pointed fingers and allegations that the worker was being treated “more strictly” than his colleagues. In the moment, Yang aggressively slammed a metal lighting track down on a packing station. Following this exchange, Yang said words to the effect that he had had enough and wanted to leave and wanted to/would quit his job. Yang then spoke with SAL’s General Manager. After this, the supervisor told Yang to “calm down”. Yang responded by removing himself from the warehouse. In a final exchange between the pair, the supervisor stated that he would respect Yang’s choice of wanting to leave/quit and that parting ways would be the most appropriate course of action. Yang drove home. Later that day, a representative of the employer sent the worker an “Acknowledgement and Acceptance of Resignation Notice” via express post, accepting the oral resignation notice made by Yang.
What Happened In the recent decision of Tao Yang v SAL HR Services Pty Ltd, the employee (Yang) worked as a storeman for the employer (SAL). SAL said that the worker was constantly late for work, was tardy, did not follow reasonable directions, and did not follow correct processes.
The Decision Ultimately, the Commission found that Yang had not resigned. Instead, Yang had been dismissed due to the circumstances in which the ‘resignation’ was made. The Commission found that the resignation was made “… during a highly emotional discussion, and it could not be said that an actual
By Warwick Ryan, Partner, Hicksons Lawyers It’s not uncommon, right? Emotions can run high in a workplace. No less than when an employee and employer see a situation differently, with the former feeling bullied and the latter seeing laziness, inattention or incompetence. Such emotionally charged discussions can sometimes lead people to act rashly. In the case of employees, that can mean making statements in the heat of the moment that seemingly amount to a resignation.
resignation was provided”. The Commission said that the employer should have allowed adequate time for the emotions of the employee to cool, and then confirm the intention to resign with the employee. The Commission then considered the circumstances of the dismissal, and whether it was an unfair dismissal. On various grounds, it was found that the dismissal was unfair. The Deputy President summed up the ruling by stating that “although the conduct, attitude and performance of the worker on the day in question was not appropriate, his dismissal was disproportionate and harsh”. SAL had to pay the employee $4,402.90 plus superannuation. What Does This Mean for Australian Employers? This is a timely reminder for employers to consider your responses to an employee in an explosive or emotionally charged situation. In this situation, the Commission found that, in the case of a ‘resignation’ by an employee during a heated argument, “it may be unreasonable to assume a resignation and accept it immediately”. In this case, there was not a reasonable amount of time to allow for the de-escalation of the argument, so the ‘resignation’ did not represent the employee’s express intention of quitting or resigning from his role. Employers should be aware that a ‘heated resignation’, if accepted, may amount to an unfair dismissal. To avoid this, employers should confirm that the intention to resign was still present after a reasonable amount of time had passed following an argument or “highly emotional discussion”.
5 BIG mistakes Business Owners make with their business model CONTINUED FROM PAGE 16
4. Scope for differentiation Many products and services are becoming commoditised by technology or other changes. Commoditisation creates price pressure, which ultimately erodes profitability and potentially business viability. Customers have more and more information than ever before (think online customer reviews, or simply the ability to Google anything.) A major key to being able to maintain prices or charge premium prices is the ability to differentiate your product or service. To avoid the commoditisation trap: 1. Decide what you want. 2. Discover what the customer wants. 3. Deliver plus one. Many businesses operate in a sea of sameness and will not all survive. What can you do to stand apart and thrive? 5. Profit potential I’ve left this point to last because it is the ultimate
CCBR is printed by local company… measure of a business model that will work. If a customer is prepared to pay you more for your product or service than it costs you to make or deliver it (including your general business overhead, not just your cost of sales) then you’re in business. Once you’re profitable, you can consider scaling your business. In terms of increasing profitability, think about what drives profit in your business. For many businesses, the key drivers are the number of customers you deal with (or for retail, the number of transactions), the number of times per year people buy from you and the average transaction value. How did you do on the checklist? Don’t worry if you didn’t get 5/5. Simply use this as a guide to help you understand where to focus your energies to increase the chances that your business will survive and thrive into the future. As always, email me direct troy.m@adviceco.com.au
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PROPERT Y NEWS
Local business out bids investors for West Gosford industrial Investor pays $6,000 per sqm for Toukley shop An investor has paid $300,000 (GST not applicable) for Shop 2, a 50 sqm retail shop at 219 Main Road, Toukley. The property last traded in 2021 for $285,000 (Source: RPData). Rio Williams from LJ Hooker Commercial Central Coast negotiated the sale As an indicator of the tight market for industrial properties on the Central Coast an owner occupier out bid two investors to secure a property at 5 Marstan Close, West Gosford in late July, pushing the price $420,000 above the reserve. In the end the buyer, Skyline Campers paid $2,120,000 (GST not applicable) for the property which comprises four factory bays each of around 170 sqm on a 1,985 sqm level lot. All four leases had expired but three tenants were keen to re-sign.
Karen Aubrey Focus Marketing Area Specialist Somersby, West Gosford & the Peninsula
Suite 401/1 Bryant Drive, TUGGERAH NSW 2259
The property was marketed on the basis of an estimated net rental income of $100,000 per annum across the four units. Agent Karen Aubrey from LJ Hooker Commercial Central Coast said that there had been a lot of interest from the onset of the campaign. Ultimately nine registered bidders, one of which was an owner occupier who out bid the others to secure the property. The units were built around 30 years ago of solid brick construction and had been in the same family ownership until now.
Food wholesaler buys North Wyong unit A food wholesaler has purchased Unit 1, 21 Donaldson Street, North Wyong paying $900,000 plus GST. The 275 sqm industrial unit comprises an enclosed air-conditioned reception area and air conditioned mezzanine office space. The unit is part of a 5 unit complex recently completed. Mark Davies from Raine & Horne Commercial Central Coast negotiated the sale.
Begin with the No. 1 TOP OFFICE INTERNATIONALLY NUMBER OF SALES 2021 – 2022
Central Coast (02) 4353 7700
87 Mann Street, GOSFORD NSW 2250
CENTRAL COAST BUSINESS REVIEW AUGUST 2023
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PROPERT Y NEWS
Investor buys medical strata property in Woy Woy
A foreign investor has purchased Level 1 (first floor) in The Clock Tower building, 26-30 Railway Street, Woy Woy paying $2 million (GST not applicable) The fully leased property with 7 medical tenancies was sold on a 9% per annum net yield. 26-30 Railway Street is a 2 level commercial strata building with direct access to Woy Woy railway station. Brad Rogers from Raine& Horne Commercial Central Coast negotiated the sale.
Developer buys site in Wyong Town Centre
Kincumber investment property sells on 6.5% return
A Sydney developer has purchased a 1,073 sqm vacant site with DA approval for 1,800 sqm of commercial space at 7 Hely Street, Wyong. Historically a residence it was subsequently demolished following DA approval. Price paid was $1.1 million plus GST Mark Davies from Raine & Horne Commercial Central Coast negotiated the sale.
A freehold allied health property at 118 Avoca Drive, Kincumber has sold to a local investor for $1,100,000 (GST not applicable) providing a net return of around 6.5% per annum. The Hardiplank and Colobond building on a 137 sqm lot comprises 4 consulting rooms, waiting room/admin area, staff room with amenities and is air conditioned has eight tenants in place. The property last traded in 2021 for $1,065,000 (Source: RPData). Ben Purdue from LJ Hooker Commercial Terrigal negotiated the sale.
Results Matter.
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CENTRAL COAST BUSINESS REVIEW AUGUST 2023
SCAN ME!
PROPERT Y NEWS
LEASINGS
Electrical contractor leases at The Sawmill Erina
Gym and wellness centre leases Erina factory unit
A women’s gym and wellness centre has leased a 370 sqm warehouse space with mezzanine level and 8 dedicated parking spaces at Unit 1, 18 Bonnal Road, Erina. Terms of lease are 2 years with 3 year option at a rental of $55,000 per annum plus Outgoings and GST Brett Hunter from DiJones Commercial Central Coast negotiated the lease. Uniting Care leases Tuggerah suite
Uniting Care has signed a 5 year lease with no option on a 239.3 sqm office suite at 14 Pioneer Avenue, Tuggerah Business Park. The suite is part of a larger premium commercial office complex in the area. Rent is $77,772 per annum plus Outgoings and GST and includes 8 parking spaces Robert Bose and Ty Blanch from LJ Hooker Commercial Central Coast negotiated the lease. Electrician leases at Charmhaven A local electrical contractor has leased Unit 6 of 247 sqm at 4 Fairmile Close, Charmhaven. Terms of lease are 3 years plus 3 year option at a rental of $40,000 per annum plus Outgoings and GST. The unit is part of a 14 unit complex completed in 2022. Mark Davies from Raine & Horne Commercial Central Coast negotiated the lease. Somersby warehouse space leased Camper trailer manufacturers, Camper Trailers Pty Ltd have leased a ground floor warehouse at Block B, 24 Pile Road, Somersby.
An electrical contractor has leased Unit 44 at The Sawmill Erina, 90-96 The Entrance Road, Erina. Terms of lease for the 62 sqm Unit are 3 years with no option at a rental The property comprises 560 sqm warehouse space plus amenities and office over 2 levels of 170 sqm plus 190 sqm enclosed awning. Terms of lease are 5 years with 5 year option at a rental of $110,000 per annum including Outgoings plus GST. Karen Aubrey from LJ Hooker Commercial Central Coast negotiated the lease. Unit leased at The Key on Gavenlock Tuggerah Unit 10 at The Key on Gavenlock, 51-53
of $16,000 per annum plus Outgoings and GST - $258 per sqm. Brett Hunter from DiJones Commercial Central Coast negotiated the lease. Gavenlock Road, Tuggerah has been leased to Ssaint Collective Pty Ltd. Terms of lease for the 157 sqm unit are 2 years with 2 year option at a rental of $29,045 per annum plus Outgoings and GST. The unit includes 123 sqm ground floor warehouse/factory space plus 34 sqm mezzanine office. Completed in early 2023 The Key on Gavenlock comprises 14 units. Robert Bose and Ty Blanch from LJ Hooker Commercial Central Coast negotiated the lease.
For Sale
For Sale
2/6-8 Burns Crescent, Gosford NSW
Lot 104, Solling Crescent, Morisset NSW
• • •
• •
65m² Net lettable area Flexible floor plan Self-contained floor plan
• Michael Hanson 0420 307 216
Brad Rogers 0459 921 122
Land area 28,259m² Zoning E4 General Industrial (formerly IN 2 Light Industry) Flexible opportunities
Mark Davies 0422 442 858
Commercial Central Coast rhc.com.au/centralcoast
CENTRAL COAST BUSINESS REVIEW AUGUST 2023
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FUNNY BUSINESS
According to unofficial sources, a new simplified income-tax form contains only four lines: 1. What was your income for the year? 2. What were your expenses? 3. How much have you left? 4. Send it in. A teenager brings her new boyfriend home to meet her parents. They’re appalled by his haircut, his tattoos, his piercings. Later, the girl’s mum says, “Dear, he doesn’t seem to be a very nice boy.” “Oh, please, Mum!” says the daughter. “If he wasn’t nice, would he be doing 500 hours of community service?” Every time a little boy went to a playmate’s house, he found the friend’s grandmother deeply engrossed in her Bible. Finally, his curiosity got the better of him. “Why do you suppose your grandmother reads the Bible so much?” he asked. “I’m not sure,” said his friend, “but I think she’s cramming for her finals.” It’s the World Cup Final, and a man makes his way to his seat right next to the pitch. He sits down, noticing that the seat next to him is empty. He leans over and asks his neighbour if someone will be sitting there. ‘No,’ says the neighbour. ‘The seat is empty.’ ‘This is incredible,’ said the man. ‘Who in their right mind would have a seat like this for the Final and not use it?’ The neighbour says, ‘Well actually the seat belongs to me. I was supposed to come with my wife, but she passed away. This is the first World Cup Final we haven’t been to together since
we got married.’ ‘Oh, I’m so sorry to hear that. That’s terrible…. But couldn’t you find someone else, a friend, relative or even a neighbour to take her seat?’ The man shakes his head. ‘No,’ he says. ‘They’re all at the funeral.’ The banker fell overboard from a friend’s sailboat. The friend grabbed a life preserver, held it up, not knowing if the banker could swim, and shouted, “Can you float alone?” “Obviously,” the banker replied, “but this is a heck of a time to talk business.” A woman gets a call from her husband while he’s at work. “Darling,” he says, “I just got invited by my boss to go on a weekend company fishing trip. We’re leaving right after work so would you mind packing some things for me? I’ll need my blue silk pajamas, two days’ worth of clothes, toiletries, my fishing pole, and my tackle box. Oh, and don’t forget my blue silk pajamas.” The husband arrives home a few hours later and his wife has a suitcase, his fishing pole, and his tackle box ready for him. “Thanks, honey, I’ll be leaving now. Did you remember to pack my blue silk pajamas?” “Yes, dear, I packed your blue silk pajamas.” The husband returns home on Sunday night and his wife greets him and asks how his fishing trip was. “It was great,” he says, “Lots of fishing, lots of networking. Only problem was that you forgot to pack my blue silk pajamas.” “No I didn’t,” she said, “they were in your tackle box.”
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An old man is lying in his deathbed with his tearful wife by his side. “Moira, beautiful Moira. You were with me many years ago when our home caught on fire and we lost everything.” to which his wife simply nodded. “And years later, you were with me when my business failed, and I lost nearly everything”. And again, Moira Nodded. “And now, you are here. Through my sickness, to my last moment. I’m starting to think your bad luck Moira”. A man and a little boy entered a barbershop together. After the man received the full treatment—shave, shampoo, manicure, haircut, etc.—he placed the boy in the chair. “I’m going to buy a green tie to wear for the parade,” he said. “I’ll be back in a few minutes.” When the boy’s haircut was completed and the man still hadn’t returned, the barber said, “Looks like your daddy’s forgotten all about you.” “That wasn’t my daddy,” said the boy. ”He just walked up, took me by the hand, and said ‘Come on, son, we’re gonna get a free haircut!’”
Quote of the month “The purpose of business is to create a customer.”
Peter Drucker
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