Narara retail sells prior to auction

A

Freehold Investment

property at 16 Deane Street, Narara has been picked up by a Sydney investor prior to auction for $1.75 million (GST not applicable).

The property which was last traded in 2006 comprises two retail shops on a 1,779sqm lot with onsite parking within walking distance from Narara Railway Station.

Total annual gross income is $115,000 plus GST providing the buyer with an initial return on investment of 6.6% per annum.

West Gosford industrial sells in 6 days.

Shop 1 is leased to Australian Liquor Marketers until April 2026 with a further 3 year option with annual CPI increases.

Shop 2 is leased to Ezy Group Convenience Pty Ltd until August 2027 with a further 5 year option with annual CPI increases.

Zoned R2 Low Density Residential for property services a large residential area as well as a strong commuter customer base.

Mark Davies from Raine & Horne Commercial Central Coast negotiated the sale.

GKR Karate Australia which operates a chain of karate clubs throughout Australia and overseas, has leased a 339sqm industrial unit at 10 O’Hart Close, Charmhaven.

Terms of lease are 5 years with 5 year option at a rental of $50,000 per annum plus Outgoings and GST.

Mark Davies from Raine & Horne Commercial Central Coast negotiated the lease.

Software developer leases at Platinum Erina

A freehold industrial property with 413sqm factory on a 689sqm lot at 31 Young Street, West Gosford has sold to a local investor for $1.2 million (GST not applicable).

The property was sold with vacant possession. And is zoned B6 – Enterprise Corridor and features a maximum building height of 18 metres STCA.

The high clearance factory includes ground and mezzanine level offices, amenities ,LED lighting and high speed NBN broadband connection.

The property last traded in 2010 for $357,000 (Source: RPData)

Commenting on the sale Ben Purdue from LJ Hooker Commercial Terrigal said that the property had only been on he market for six days. “We are getting a huge number of enquiries for properties such as this,” he said.

A Sydney developer has paid $5.85 million plus GST for 3 Burnet Road, Warnervale, one of the last large developable industrial sites on the Centra Coast.

The 1.12 ha level and cleared lot with all services was last traded in 2022 for $2.42 million (Source RPData).

Mark Davies from Raine & Horne Commercial Central Coast negotiated the sale

Arts and Crafts centre opens at Toukley

An Arts & Crafts Centre has leased a 60sqm retail shop at 225B Main Road, Toukley

Terms of lease are 1 year with 1 year option at a rental of $17,000 per annum plus Outgoings and GST.

Mark Davies from Raine & Horne Commercial Central Coast negotiated the lease.

Software developer, ClockOn Australia has leased Suite 3.34 in the Platinum Building, 4 Ilya Avenue, Erina.

Terms of lease for the 213.5sqm suite are 5 years with 3 x3 year options at rental of $85,400 per annum plus Outgoings and GST with increases greater of CPI & 3%, capped at 5%.

The 3rd Floor suite comprises fully fitted out open office area with 10 work stations, 3 spacious executive offices, meeting room, 2 meeting pods, kitchen and dining area plus 5 dedicated parking spaces.

The lease was negotiated by Nicole Barr from Commercialhq.