Property sales and leases

Strong demand for Stevens Group Sawmill Erina development

Sawmill Erina development – corner Avoca Dr and Entrance Road Erina

FIRSTLY IT WAS a sawmill – milling hardwood timber that went to the shipbuilding and bridge building, construction and manufacturing across the Coast and into Sydney and played in the early development of the Central Coast.

When sawmilling stopped the 22,000sqm property on the corner of Avoca Drive and The Entrance Road at Erina became a BP service station and with a number of large format sheds at the rear went through many lives finally ending up as a storage area for caravans.

The site that incorporates the corner FOR LEASE blocks, industrial area and a number of old residential homes along Avoca Drive is now PROFESSIONAL & SPECIALIST MEDICAL SUITES 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 Coast reports that enquiry has been strong 152-154 PACIFIC HIGHWAY TUGGERAH with “five buyers for every unit” and all but a Easy Parking, great exposure, well maintained & presented property with well known quality tenants including few fully leased. Trader Vics, BCF & Super Cheap Auto, PRP Radiology, Australian Clinical Labs Pathology, Fullerton Health Medical

These units have sold for an average of Centre, Geriatrician; Psychologists, Dentist, Sports & Spinal Physiotherapy, Chiropractor, Cafe & more. $,4000 sqm. Ideal for the Professional, Legal, Financial or Medical Specialist with sizes from 16m2 up to 95m2 suitable to Lease

Stage 3, a continuation of State 2 will or Purchase. 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 September this year. The self storage com- • Balcony access for East Wing suites plex will be managed by Stevens Group. • Exposure of Complex to Tuggerah Straight Stevens Group Development Manager For further details contact Julie Davies on 0402 779 186

SALES

Undeveloped Somersby industrial lot sells for $533 per sqm An owner buyer has bought a 3,490sqm lot at 9 Somersby Falls Road, Somersby with the intention of building a diesel refueling station. Price paid was $1,860,000 plus GST. The rectangular undeveloped site has a 112 metre frontage to Somersby Sawmill Erina industrial units Falls Road Karen Aubrey from LJ Hooker Mackenzie Stevens, said that Stage 4 and Commercial Central Coast negotiated what it will comprise is under consideration. the sale.

$370 per sqm for vacant Tuggerah industrial block An owner buyer has paid $1.5 million plus GST for a 4,047 level block at 131 Mooramba Avenue, Tuggerah

The site is zoned IN2 light industrial and is located off Lake Road near the Central Coast Regional Sports complex.

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

Owner occupier buys Erina commercial unit

An owner occupier has paid $670,000 plus GST for Unit 13 a 157sqm commercial office space at 40 Karalta Road, Erina.

The property comprises 7 offices, separate reception area, meeting room and 3 car spaces. In addition it features a large balcony to the rear of the building and large front windows.

Anthony Scarcella from LJ Hooker Commercial Central Coast negotiated the lease

Sydney investor buys Kincumber industrial unit A Sydney investor has paid $670,000 (GST not applicable) for Unit 9, 6 Kerta Road, Kincumber and plans to occupy the property himself in due course.

The 145sqm unit with 3 car spaces plus an additional 50sqm adjoining land currently leased with container storage

Anthony Scarcella from LJ Hooker Commercial Central Coast negotiated the lease.

LEASINGS

Strength and conditioning coach leases at Berkeley Vale Gee Recovery, a sports and recovery rehabilitation specialist has leased a 225 sqm space comprising two industrial units at 7 Tumbi Creek Road, Berkeley Vale.

Terms of lease are 1 year with 1 year option at a rental of $52,000 per annum plus Outgoings and GST.

Brad Rogers from Raine & Horne Commercial Central Coast negotiated the lease.

Manufacturer consolidates to new factory at Berkeley Vale

Inovaair, manufacturers of air purifiers, will consolidate their manufacturing activities in the Tuggerah area with the leasing of a 3,000sqm freestanding factory building at 10 Corella Close, Berkeley Vale. Recently completed, Building B is part of industrial complex comprising 3 freestanding industrial buildings

Terms of lease are 5 years with a 5 year option. Rental was undisclosed.

Brad Rogers from Raine & Horne Commercial Central Coast negotiated the lease.

The Blind Crew expands leases in Aston Road, Erina

Window covering specialists, The Blind Crew are expanding their business to include shutter, awnings and automation and have leased a 420sqm industrial unit at 12 Aston Road, Erina. (formerly occupied by Mobility to You).

Terms of lease for Unit 2 are 7 years with 5 year option at a rental of $52,000 per annum including Outgoings plus GST.

Brad Rogers from Raine & Horne Commercial Central Coast negotiated the lease.

Bendigo Bank leases at Platinum for regional office Bendigo Bank has leased suite 2.24 a 50sqm office suite in the West Wing at Platinum Erina for their NSW and ACT Regional Office.

Terms of lease are 2 years with 2 year option at a rental of $25,000 per annum plus Outgoings (estimated at $8,000 per annum) plus GST.

The lease was negotiated by Steve Skipper from S J Skipper & Associates Pty Ltd.

Community First Bank leases at Platinum Erina Community First Bank has relocated from premises at Erina Fair leasing Suite 1.03a, a ground floor shopfront space in the East Wing at Fountain Plaza Erina.

Terms of lease for the 69sqm space are 5 years with 5 year option at a rental of $40,000 per annum plus Outgoings and GST

The lease was negotiated by Nicole Barr from Commercialhq

Stratco leases at Somersby Manufacturers of sheds, garages, patios and carports, Stratco, have leased a 1,978sqm warehouse at 6 Chivers Road, Somersby to service the Central Coast market complementing their Newcastle and Sydney locations.

Warehouse 1 is part of a complex of 4 stand along warehouses

Terms of lease are 4 years with 3 year option at an undisclosed rental (

Brad Rogers from Raine & Horne Commercial Central Coast negotiated the lease.

Unity Bank

Extending support for small and medium sized businesses

SME RECOVERY LOAN SCHEME EXTENDED

Unity Bank welcomes the Government’s extension of the existing SME Recovery Loan Scheme to support small and medium-sized businesses in their recovery. We are one of only a handful of lenders on the Central Coast who have been approved to assist the local community in injecting capital back into their business under the SME Recovery Loan Scheme. We are pleased to continue our ongoing participation and currently accepting applications for assessment.

How can Unity Bank assist under this scheme?

Eligible SMEs can apply for:

n Unsecured loans up to $200,000 n Secured loans up to $5,000,000 (refer to acceptable commercial securities within the Treasury link below) n Variable rates n Principal & Interest n Term of up to 10 years n An interest accruing repayment holiday of up to 12 months n A further interest accruing repayment holiday of up to 12 months (maximum 24 months in total) n Credit eligibility criteria, terms and conditions, fees and charges apply

Eligibility and full Government details can be found here: https://treasury.gov.au/coronavirus/sme-recovery-loan-scheme

For further scheme details, loan criteria or to discuss a scenario, please contact Darren Hooper to discuss your specific needs. Darren Hooper – General Manager Central Coast p: 4350 5256 | m: 0418 618 530 e: dhooper@unitybank.com.au | w: unitybank.com.au

Unity Bank, your SMERLS provider on the Central Coast.