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PROPERT Y NEWS

SALES Developer pays $145 sqm for Warnervale industrial site A local developer has paid $795,000 plus GST - $145 per sqm - for Lot 3, 1 Burnet Road, Warnervale. The 5,483 sqm level lot is one of the last remaining vacant sites in the Warnervale Industrial Area. Bernie Nash from LJ Hooker Commercial Central Coast negotiated the sale. $203 sqm for North Wyong industrial site A local business owner has paid $249,000 plus GST ($203 per sqm) for Lots 19 and 20 Amsterdam Circuit, Wyong of 1,226 sqm. Bernie Nash from LJ Hooker Central Coast negotiated the sale. Somersby land goes for $341 sqm A local buyer has paid $685,000 plus GST ($341 per sqm) for a 2,010 sqm lot at 41 Somersby Falls Road, Somersby with a street frontage of 29.73 metres. Karen Aubrey from LJ Hooker Commercial Central Coast negotiated the sale Off the plan sale for Tuggerah warehouse unit A building company has paid $280,800 plus GSTS for a 117 sqm factory unit part of a complex of 31 units now under construction at 12 Pioneer Avenue, Tuggerah Business Park. Completion date for the development is September 2018. The sale was negotiated by Ty Blanch from L J Hooker Commercial Central Coast which is the marketing agent for the project.

Place, Somersby and will use it for warehousing and distribution. The unit is part of a 12 unit complex recently completed and comprises 120sqm ground floor area with amenities plus 20 sqm storage mezzanine and concreted and fenced courtyard of 39 sqm at the rear. This unit also has exclusive access to a side easement.

area is 3 years with 3 year option at a rental of $38,000 per annum OOOOOOOOOOOO Karen Aubrey from L J Hooker Central Coast negotiated the lease. Church leases in Tuggerah Business Park The Impact Church has leased Units 2, 3 and 4a at 8 Pioneer Avenue, Tuggerah Business Park making up a total of 539 sqm. Ty Blanch from LJ Hooker Commercial Central Coast negotiated the lease.

LEASINGS Bathroom Warehouse relocates at West Gosford Bathroom Warehouse Gosford Pty Ltd has leased Unit 1 at 2-4 Stockyard Place, West Gosford relocating from Units 5 and 6 adjacent. Unit 1 comprises 475sqm plus 125sqm mezzanine area on the corner of Manns Road and Stockyard Place. Terms of lease are 3 years with 3 year option at a rental of $71,000 per annum including Outgoings plus GST. The lease was negotiated by Dan Mason from Chapman & Frazer Real Estate. Somersby warehouse leased An audio visual entertainment company has leased Unit 5, 80 Somersby Falls Road, Somersby. Terms of lease for the 365 sqm warehouse unit including 80 sqm of mezzanine

Joinery business leases at Wyong Woodstock Carpentry and Maintenance has leased Unit 1, a 168 sqm industrial unit with enclosed mezzanine air-conditioned office and reception at 12 Donaldson Street, Wyong. Terms of lease are 3 years with no option at a rental of $22,400 per annum plus Outgoings and GST. Mark Davies from Chapman & Frazer Real Estate negotiated the lease. Lawyer leases Gosford shopfront Law firm, Intercept Law Pty Limited has leased a 94.2 sqm ground floor office space at 114 Erina Street, Gosford, next door to Australia Post. Terms of lease are 3 years with 3 year option at a rental of $18,800 per annum including Outgoings plus GST. Chris Watson from Chapman & Frazer Real Estate negotiated the lease.

Former Umina bank leased

Solicitor buys in Tuggerah Business Park A solicitor has bought Unit 5, 5 Colony Close, Tuggerah Business Park paying $600,000 plus GST. The unit size is 282 sqm and price includes quality fit-out. Ty Blanch from LJ Hooker Commercial Central Coast negotiated the sale. Owner occupier buys Kincumber unit An owner occupier has paid $610,000 plus GST for a 155sqm warehouse unit with additional mezzanine area for Unit 11, 11-13 Cochrone Street, Kincumber. Anthony Scarcella from LJ Hooker Commercial Central Coast negotiated the sale. Owner occupier for Somersby unit An owner occupier has purchased Unit 12, a 140sqm warehouse unit at 10 Sailfind CENTRAL COAST BUSINESS REVIEW JUNE 2018

The former Westpac bank at 279 West Street, Umina Beach has been leased to real estate agents Central Coast Realty. The property which was vacated by Westpac about two years ago is on the corner of West Street and Bullion Street and comprises 242 sqm of lettable space, is fully air conditioned and

includes all amenities services and provides allocated onsite parking. Terms of lease are 5 years with 5 year option at a rental of $100,000 per annum including Outgoings plus GST. The lease was negotiated by Dan Mason from Chapman & Frazer Real Estate.

CCBR June 2018  
CCBR June 2018  
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