Sydney investor buys Multi-tenanted freehold investment at The Entrance

Platinum Building Erina suite sale and lease

Suite 3.08 in the East Wing of the Platinum Building at Erina has sold to an investor for $715,000 (GST not applicable) with a new lease in place to show a return of 5.03% pa.

The 80 sqm suite has been leased to a law firm on a 3 x 3 year lease at a rental of $36,000 pa plus Outgoings and GST with 3% annual increases.

Both the sale and lease was negotiated by Brad Rogers from Raine & Horne Commercial Central Coast.

Sydney investor buys West Gosford factory unit A Sydney SMSF investor has paid $635,000 (GST not applicable) for a 240 sqm factory unit with 4 car spaces at 14 Gibbens Road, West Gosford.

The property was bought with a newly signed lease to a Gym for 3 years with a 3 year option at a rental of $36,000 per annum plus Outgoings and GST.

Unit 4 is part of a 7 unit brick and tin roof industrial complex built over 30 years ago

Andrew Dunn from DiJones Commercial negotiated both the sale of the property and the lease.

Conveyancer buys in Tuggerah Business Park A conveyancing company has bought Unit 208, 12 Pioneer Avenue, Tuggerah Business Park paying $425,000 plus GST.

The 145sqm unit is part of a 32 unit complex completed in 2021

Ty Blanch and Brett Dowling from LJ Hooker Commercial Central Coast negotiated the sale

Local business buys North Wyong industrial for warehouse at $375 per sqm A local company looking to expand has purchased the last lot in a small industrial subdivision at Lot 1/19 Donaldson Street, Wyong paying $1,780,875 plus GST.

The property is comprised within the North Wyong Industrial Estate with B6 Enterprise Corridor zoning.

The sale was negotiated by Brad Rogers from Raine & Horne Commercial.

LEASES

Government leases office suite at Tuggerah Business Park A NSW Government department has leased a refurbished office suite in Block F on the ground floor of 2 Reliance Drive, Tuggerah Business Park.

Rent paid for the 305 sqm space with 10 designated car spaces is $84,500 per annum plus Outgoings and GST with lease term of 6 years with 2 x 5 year options.

Andrew Dunn from DiJones Commercial negotiated the lease.

For Lease

NDIS business leases in Tuggerah Business Park

An NDIS provider has leased Suite 3 of 141sqm at 14 Pioneer Avenue, Tuggerah Business Park.

The suite comprises 3 formed offices and meeting room with quality fit-out. 14 Pioneer Avenue is an A Grade office building with a 5 Star NABERS rating. Other tenants including the NSW Department of Education and Wesley Mission.

The tenant is a national NDIS provider expanding across NSW. Terms of lease are 20 months with 3 year option at rental of $47,250 per annum plus Outgoing and GST.

Ty Blanch and Rob Bose from JJ Hooker Commercial Central Coast negotiated the lease

Arcade shop at The Entrance leased An eye-lash studio owner has leased a 30 sqm shop in an arcade at 68-72 The Entrance Road, The Entrance.

Terms of lease are 1 year with two 1 year options at a rental of $9,500 per annum plus Outgoing and GST.

Andrew Dunn from DiJones Commercial negotiated the lease.

Central Coast

6, 7 & 8/6 Botham Close, Charmhaven

• Outstanding Highway Location offering maximum exposure • Opposite Bunnings – 1,133m2 total approx. area • Huge mezzanine spanning 492m2 approx. • Dual 4m x 4m approx. roller doors with clear, easy access

Brad Rogers 0459 921 122 brad@cc.rhc.com.au Andre Bianchini 0403 287 793 andre@cc.rhc.com.au Commercial Central Coast 02 4302 2999 rhc.com.au/centralcoast