PROPERT Y NEWS
Strong demand for Stevens Group Sawmill Erina development
Sawmill Erina development – corner Avoca Dr and Entrance Road Erina
SALES FIRSTLY IT WAS a sawmill – milling hardwood timber that Undeveloped Somersby industrial lot went to the shipbuilding and sells for $533 per sqm bridge building, construction An owner buyer has bought a 3,490sqm and manufacturing across lot at 9 Somersby Falls Road, Somersby the Coast and into Sydney with the intention of building a diesel and played in the early develrefueling station. opment of the Central Coast. Price paid was $1,860,000 plus GST. When sawmilling stopped The rectangular undeveloped site the 22,000sqm property on has a 112 metre frontage to Somersby the corner of Avoca Drive Falls Road Sawmill Erina industrial units and The Entrance Road at Karen Aubrey from LJ Hooker Erina became a BP service station and with Commercial Central Coast negotiated Mackenzie Stevens, said that Stage 4 and a number of large format sheds at the rear the sale. what it will comprise is under consideration. went through many lives finally ending up as a storage area for caravans. The site that incorporates the corner blocks, industrial area and a number of old PROFESSIONAL & SPECIALIST MEDICAL SUITES residential homes along Avoca Drive is now being developed by the Stevens Group in 4 Stages. Getting approval from Council has taken several years however Stage 1, comprising a BP service station and artisan food and drink centre, and 2 with 56 storage units ranging in size from 36 sqm to 151sqm are nearing completion. Sales agent for the development, Brett Hunter from DiJones Commercial Central 152-154 PACIFIC HIGHWAY TUGGERAH Coast reports that enquiry has been strong Easy Parking, great exposure, well maintained & presented property with well known quality tenants including with “five buyers for every unit” and all but a Trader Vics, BCF & Super Cheap Auto, PRP Radiology, Australian Clinical Labs Pathology, Fullerton Health Medical few fully leased. Centre, Geriatrician; Psychologists, Dentist, Sports & Spinal Physiotherapy, Chiropractor, Cafe & more. These units have sold for an average of Ideal for the Professional, Legal, Financial or Medical Specialist with sizes from 16m2 up to 95m2 suitable to Lease $,4000 sqm. or Purchase. Stage 3, a continuation of State 2 will comprise a self storage complex at ground Features include: level plus three levels above with unit sizes • Flexible lease terms • Competitive rentals • Excellent parking around 9sqm will see construction start in • Air-conditioning, carpets, kitchenette • Balcony access for East Wing suites September this year. The self storage com• Exposure of Complex to Tuggerah Straight plex will be managed by Stevens Group. Stevens Group Development Manager For further details contact Julie Davies on 0402 779 186
FOR LEASE
CENTRAL COAST BUSINESS REVIEW JUNE 2022
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