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Cranes galore in Gosford Record crowds at Harvest Festival 4id Solutions a world leader in innovative RFID manufacturing Trees and squirrel gliders more important than housing for CC Council
Page 4 Edgar Adams’ Editorial Former Gosford Council legacy putting Coast on the map
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CON T EN TS
In this issue 4 Edgar Adams’ Editorial Former Gosford Council legacy putting Coast on the map
14 North to build Gosford Regional Library
5 Cranes galore in Gosford
14 Council leases Ourimbah land for Food Manufacturing Hub
6 4id Solutions a world leader in RFID manufacturing
15 Sponsoring Central Coast medical research
7 New ‘lifestyle and leadership’ university to set up in Gosford
16 Important update regarding the decision made 2 June 2023 by FWC re annual wage review
8 Record crowds at Harvest Festival 9 John Stevens inducted as 2023 Hunter Valley Tourism Industry Living Legend 10 More planning resources to focus on delivery of new houses and infrastructure 10 Half interest in Erina Fair on the market 11 Trees and squirrel gliders more important than housing for CC Council 12 Peter Lawley OAM, Yvonne Crestani OAM among King’s Birthday Honours list 12 Co-working group opens Killcare and Gosford co-work spaces
16 Business planning mistakes if you’re in your 50’s
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17 Government to wipe out ‘gig economy’ 18 Lake Mac Council putting Morisset on the map 19 SMSF investor buys in Gosford CBD
Listen to Edgar Adams on Coast FM each Monday 9:45am Also follow us on Linkedin
20 West Gosford unit development sold out off-the-plan
Central Coast Business Review
21 Medical imaging company leases in Fountain Plaza Erina 22 Funny business
Regular features 12 Business briefs
13 Pop-up butcher – an innovative approach to retail
14 Central Coast Council news
13 Colourworks appoints Central Coast Manager – moves to Tuggerah
18 Property news
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16 Business tips 22 Funny business
Central Coast Business Review is a Registered Trade Mark of Adams Business Publications Pty Ltd P.O. Box 3259, Erina, NSW 2250 Phone: (02) 4367 0733 Fax: (02) 4367 0744 Email: info@ccbusinessreview.com.au Typesetting by Graphic by Design ph (02) 4365 6777 Print & Distribution by Bromley Direct ph 0412 439 773 © Adams Business Publications 1994. All rights reserved. Reproductions in any part prohibited. While every effort has been made to ensure all information in this magazine is accurate, no responsibility will be accepted by the publisher, Adams Business Publications. The producer accepts no responsibility for illustrations or photographs supplied by organisations or individuals and/or typographical errors.
Phone 02 4367 0733 Email info@ccbusinessreview.com.au Web www.ccbusinessreview.com.au
CENTRAL COAST BUSINESS REVIEW JULY 2023
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EDITORIAL
Edgar Adams discusses local issues
Former Gosford Council legacy putting Coast on the map IT WAS A very small window, just three years, during the time of the McKinna/Anderson Council that would change Gosford. Prior to that Gosford Council, for over 40 years opposed almost every development proposal that came its way. Today, we are seeing what that Council achieved. With twelve cranes working across the CBD, and a few more to come in the next six months, Gosford and the Central Coast is making news on the national RLB Crane Index®. See Cranes Galore in Gosford on page 5. A measure of the strength of the economy this Index is showing Gosford as a stand-out compared with other regions around Australia. More importantly though Gosford is presently the only location on the whole Central Coast that is moving forward and showing there really is a future for our region. Meanwhile, elsewhere on the Central Coast anyone looking to invest in our future is being treated almost like a leper by our Central Coast Council. It is a sad indictment that in a region where people put such a high value on livability there are so many who struggle to find somewhere to sleep at night. All because our Central Coast Council sees trees and squirrel gliders as more important than housing. In our June issue we reported on the frustrations of developers trying to get a Development Application through Council.
This month we highlight the festering sore that is bringing to market some 650 home sites at East Wadalba and how Council has obstructed this development at every opportunity. See Page 11. Homes (trees) for squirrel gliders and nesting spots for the odd holidaying swift parrot which comes from Tasmania is far more important than the needs of those people in our community. With East Wadalba there are a whole host of issues that goes to the heart of this council’s activism and incompetence. While Council is increasing our rates they refuse to understand that increasing the Rate Base, by approving these sub-divsions would add substantially to their income. The East Wadalba proposal with around 650 lots would add some $1.5 million annually in rate income for Council. And while Central Coast Council does all it can to hold back our economy our next door neighbour, Lake Macquarie Council is powering ahead rolling out the red carpet to new businesses and investors. One case in point is the growth of the Morisset industrial area just 25 kilometres north of Tuggerah. Morisset is soaking up investment like a sponge. Our story on Page 18 says it all. Finally, our congratulations to property developer John Stevens who went to school on the Central Coast and grew up
here and founded one of the most successful property development companies in Australia – Stevens Group. Last month John Stevens was inducted as the 2023 Hunter Valley Tourism Industry Living Legend. One who would rather fly under the radar Mr Stevens’ investment in the Hunter Valley certainly justifies this well earned accolade. Also this month we congratulate two Kings’ Birthday Honours recipients: Peter Lawley AM and Yvonne Crestani OAM, Mr Lawley for his work with Legacy and Mrs Crestani for her fund raising efforts providing nursing scholarships and encouraging young people to join the nursing profession. Finally, as we move into July, CCBR is proud to enter its 34th year of publication. Our first issue was June 1990. Our mission from the outset was to support the Central Coast business community by reporting on local business news as well as taking up issues as they relate to business. Our thanks therefore goes to our advertisers, subscribers and supporters who have ensured our success over all these years. Edgar Adams Editor
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BUSINESS NEWS
Cranes galore in Gosford THE NATIONAL RLB Crane Index® for the 1st Quarter of 2023 was revealed last month with the Central Coast recording a net increase in crane numbers bringing the numbers to 13 including one at Glass Apartments The Entrance and one at 35 Scenic Highway, Terrigal. Meanwhile the crane count by CCBR for Gosford at the end of June across eleven sites was 13. Rumbalara Residences and Vue Mer sites both have two cranes in operation. • Azure, 142-144 Albany Street, Point Frederick 39 residential apartments. Developer: Dasco SPV Lumiere Pty Ltd Builder: DASCO Australia • 1 Shortland Street, Point Frederick 20 residential apartments Developer: Ailla Pty Ltd • Rumbalara Residences, 87-89 John Whiteway Drive, Gosford 188 luxury town houses and apartments over 2.2 hectares6-star masterplanned resort Developer: Alceon Builder: Deicorp • Central Coast Quarter, 32 Mann Street, Gosford 25 level, 136-unit mixed use tower on the Gosford waterfront Developer / Builder: StHilliers • Vue Mer Residences, 122-142 Henry Parry Drive (corner Erina Street), Gosford 177 residential apartments • Sapphire Gosford, 91 Henry Parry Drive, Gosford
Cranes across the Gosford CBD – Photo courtesy of Chosen Photography 97 apartments, 10 levels Developer/Builder: Pacific Projects Group • Castillo, 65 Donnison Street, Gosford 43 Units Builder / Developer: Esteem Property Developers • 18 Hargraves Street (cnr Faunce St West), Gosford 115 units plus child care centre Developer/Builder: Tesmar Pty Ltd • 46 Holden Street, Gosford 48 units Developer/Builder Akkari Constructions Pty Ltd • Gosford RSL Pacific Highway, West Gosford New club premises Developer: Gosford RSL Builder: North
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• Archibald, Cnr Mann and Donnison Street, Gosford 323 residential apartments, 5-star hotel 133 suites, twin 20 storey towers Developer/Builder: ALAND Commenting on activity in Gosford, Raine & Horne Gosford real estate agent, Geoff Tilden said, “The volume of construction now being undertaken in Gosford reflects the awakening of the Central Coast. Despite our past Councils’ best efforts to destroy our future, private enterprise has seen the potential in Gosford and what our lifestyle and location can offer families and investors alike. The developers building these complexes are some of the best in the country delivering quality housing.”
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BUSINESS NEWS
4id Solutions a world leader in innovative RFID manufacturing THE TEAM BEHIND 4id Solutions continue to surpass expectations and excel in their RFID manufacturing expertise. CCBR last met with owner and Managing Director Bruce Hegan in August 2021. The rapid growth over the last two years and his passion for investing in research, development and new technologies to support greater production efficiencies and customer demand puts 4id at the forefront of the RFID converting industry, particularly as a wholesale converter for local industry. Located in Wyong, 4id Solutions specialises in the innovative manufacture of smart labels and tags using radio frequency identification (RFID) contactless technology, shipping smart tags and labels to their clients around the world. Applications are unlimited with supply chain, inventory management, healthcare and logistics companies already reaping the benefits from implementing RFID technology to enhance efficiency, accuracy and visibility. One of the key aspects which sets 4id Solutions apart from its competitors is their unwavering commitment to innovation. From their impressive 1,400 square metre facility, it is evident 4id Solutions stands as a trailblazer in the global field of RFID technology, driving manufacturing efficiencies through their custom designed systems. It’s now a renewed focus on the developing domestic market that Bruce Hegan and his team are turning their attention to and want to make Australian businesses aware of their RFID converting capabilities. 4id’s capabilities are fortified by integrating advanced vision cameras, inline processors, robust reporting and data management systems. Their commitment
CENTRAL COAST BUSINESS REVIEW JULY 2023
Bruce Hegan, Managing Director and Founder 4id Solutions with Rodney Joughin, Production Manager, Trevor Clarke, General Manager to excellence is further strengthened with the implementation of SafeGuard, ensuring unparalleled quality and security at every step. “SafeGuard, the revolutionary platform developed by 4id, is the embodiment of staying securely ahead of the curve in today’s fast-paced world. With its ability to track and record every aspect of RFID products, right from their origin, SafeGuard ensures unparalleled compliance and conformance. Supported by real-time diagnostics and remote app accessibility, this systems-based solution redefines quality control, transforming the way you perceive manufacturing processes,” said Bruce Hegan, Managing Director of 4id. Through these technologies, the company has optimised the RFID production process, resulting in a 40% increase in productivity, advanced quality control, faster
turnaround times and a decrease in landfill waste by 24%. With their international growth and manufacturing expertise, they are now consciously working towards supporting sustainable RFID development in Australia. Mr Hegan and his team are actively collaborating with local stakeholders, industry partners and government bodies to accelerate and promote the adoption of sustainable RFID practices. Most recently, they garnered the encouragement and support from Professor Neil Weste; Dr Nadia Court, Director of the Semiconductor Service Sector Bureau (S3B) and Natalie Heather, Associate Director - Clean Economy and Manufacturing, Investment NSW to evaluate and explore new technologies. An example of this is the introduction to a sustainable semiconductor offering in Europe. In line with their commitment to sustainability, nurturing and maintaining great team culture has been a consistent focus for Mr Hegan. The 4id heartbeat lies within the remarkable team that fuels their success and this is evident from the dedication and commitment his employee’s display. They are proactively supported through leadership development, upskilling and training to meet the changing needs of the business. The team are all excited in their own pathway for growth and opportunity. “We empower our employees through a customised leadership training program, enabling them to embrace ownership of their positions. This symbiotic growth fuels our company’s progress and that of our invaluable team members,” says Mr Hegan. As 4id Solutions sets its sights on supporting sustainable RFID development in Australia, their innovative solutions have the potential to transform the way businesses operate across the country.
BUSINESS NEWS
New ‘lifestyle and leadership’ university to setup in Gosford GOSFORD COULD SOON be home to a new university as demand for Australian qualifications grows both locally and from overseas students. A team of senior university executives lead by CEO, Phillip Cenere (former Associate Vice Chancellor of CQ University), and Chair of the Board of Directors, Professor Emerita Ann Brewer (former Deputy Vice Chancellor of Sydney University), are currently developing a new higher education institute with a vision to become Australia’s lifestyle and leadership university to be based in Gosford. To be known as Chancellor Institute registration is currently being sought with The Tertiary Education Quality and Standards Agency (TEQSA) to offer masters programs in digital entrepreneurship and digital media with plans to also roll out undergraduate and postgraduate degrees in information technology, allied health, aged care, and early childhood education. The company is currently undertaking a capital raise of $4.5 million to launch its initial courses and $10 million to purchase commercial real estate to house its first campus. Designed in consultation with industry leaders from companies such as Canva, Google, Amazon, Toyota and Xero, the Institute’s programs will focus on ‘authentic learning,’ with client-based projects, inhouse coaches and mentors, internships, and strong pastoral care.
Mr Cenere said that this is a time of great upheaval for the higher education sector. “For many years, traditional providers were able to survive on the strength of their rankings and were able to avoid reforming.”. “However, recent disruptions and the COVID pandemic have made it obvious that traditional universities are not adequately utilising cutting-edge teaching methods. They are failing to provide students with the supportive environment they need to flourish, and not meeting employer expectations and ultimately not equipping them for the modern world.” Chancellor Institute will service tomorrow’s fast growth industries and deliver what students and employers are demanding: flexible learning, lifestyle, belonging and connection, and practical education. “Employers want graduates with soft and technical skills,” he said. “Students need authentic programs that will prepare them for real-world challenges. We will offer an experience that traditional institutions can’t or won’t provide. We work with the early adopters, the mavericks, the game changers, the leaders of tomorrow. We’ll train you for jobs that don’t even exist yet.” Why the Central Coast? “Students want experiences and adventure,” said Mr Cenere. “They will happily log in remotely to a campus anywhere in the world, but they can’t attend a beach online.” There are currently only 197 higher education providers in Australia servicing over
Chancellor Institute CEO Phillip Cenere and Chair Prof. Emerita Ann Brewer 1.6 million students, constituting a $34B market size this year. Entry into the market is difficult with barriers in the form of registration and accreditation regulatory hurdles. Of the 197 higher education providers, 149 are private institutes and 48 are universities or university colleges. This is exceptionally low compared to other sectors such as childcares with 13,370 providers and the vocational education sector with over 4,000 registered training organisations (RTOs). With Australia ranking as the third most popular international student destination in the world, demand for Australian degrees is at an all-time high. Chancellor Institute is interested in speaking with local business leaders to explore investment and partnership opportunities. To learn more, contact: ceo@chancellor.education
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BUSINESS NEWS
Record crowds at Harvest Festival THE CENTRAL COAST Harvest Festival, held over the June long weekend saw an estimated 56,000 visit the Mangrove Mountain and Plateau area showcasing the region’s produce and rural activities as well as entertainment and other activities that included farm tours with 32 participants. The Lentini Family opened their Kulnura orchard and juice factory which saw some 30,000 visitors on Sunday. Emily Beatty, Marketing Manager at Eastcoast Beverages said that their traffic control measures were pushed to the limit handling the large number of visitors across their whole operation. “Our main goals when holding Day on the Farm are to provide education to consumers on our vertically integrated business, bring awareness to our brand, and for people of all ages to have a fun day out while supporting our local community. From my perspective, and from the sheer number of visitors on the day, those goals were absolutely achieved,” she said. Westy’s Place at Central Mangrove an irrigation and farm equipment business that also operates a macadamia orchard opened on Saturday and saw around 3,500 visitors. Owner, Karen Nester said that they saw their participation in the Festival as offering a free family day out with macadamia picking as well as showcasing local Rural Fire Service and SES. Angel Sussurri Co-owner, Elizabeth Buckley-Black said that the weekend had been very successful with the restaurant booked out completely over Saturday and Sunday. “Over the weekend we had around 700 visitors. We were very happy,” she said. Somersby Field Station of the NSW Department of Primary Industries (NSW DPI) opened their doors to learn about research
Arial view of the Lentini Family farm and Eastcoast Juices processing facility at Kulnura and community programs of agriculture, biosecurity. Other participants in the Harvest Festival included: Calga – Somersby Glenworth Grazing Food and Wine Festival, Coachwood Nursery, Sustainable Natives native plant nursery, Mangrove Mountain – Peats Ridge The Springs – golf course and restaurant, Mountain Growers Market, Royale Orchids Nursery Westy’s Place Kulnura Eastcoast Beverages and Orchard Grace Springs Farm, grass-fed beef, pork and chickens. Yarramalong – Wyong Creek – Dooralong Angel Sussurri, restaurant and accommodation. Iris Lodge Alpacas, Mollies Farm – farm stay
Commenting on the weekend Central Coast Plateau Chamber of Commerce President Lorraine Wilson said that the numbers that were attracted by the Harvest Festival proved the value of agri-tourism in the area west of the M1. “Until now our area has not previously been seen as a tourist destination. The Harvest Festival supports the original ‘harvest trail’ concept and is a positive step to creating a year-round farmgate experience,” said Mrs Wilson. “Furthermore it allows visitors to learn of and enjoy the wide variety of farm produce that this area has to offer. The harvest trail concept has been flagged a number of times over the past decades, however most farmers do not want to open unless they have something to sell. For instance, we are opening in July and August because the Navels will be ready, but only on weekends when we are available to talk to people,” Mrs Wilson said.
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BUSINESS NEWS
John Stevens inducted 2023 Hunter Valley Tourism Industry Living Legend
Stevens Group Founder and Chairman, John Stevens WELL KNOWN LOCAL property developer John Stevens has been inducted as the 2023 Tourism Industry Living Legend to honour his 35-year commitment to tourism development in the Central Coast, Newcastle and Hunter Valley. The Vintage Development is one of the region’s most significant and ambitious integrated tourism developments, which has delivered significant infrastructure improvements for the Pokolbin area. John’s contribution has included the important Vineyard Vision master-planning which enabled the industry to have a voice for sustainable vineyard and tourism planning. Held in early June the 16th annual Hunter Valley Legends Awards at Rydges Resort Hunter Valley brought together over
380 industry professionals and guests from the Hunter Valley wine and tourism industries. The event serves as a tribute to the region’s rich heritage, honouring the enduring influence of the Hunter Valley and its dedicated winegrowers, winemakers, and tourism operators. Over many years, these visionary individuals and businesses have demonstrated a willingness to innovate and push boundaries, shaping the region for generations to come. Four Living Legends were inducted on the night. A visionary, Mr Stevens saw the opportunities in developing a golf resort in the Hunter Valley at Pokolbin twenty years ago, creating a prestige residential estate around a world-class championship golf course designed by Greg Norman. In that time 482 residential lots have been developed and homes and investment apartments built. In 2006 Mr Stevens announced a joint venture with Don and Nancy Panoz, founders of the Chateau Elan Winery & Resort in Georgia USA, to build Chateau Elan Resort & Spa at The Vintage. Stevens Group project managed the development of the award-winning Hotel, which was named in the 2016 Hall Of Fame for Luxury Accommodation and 2017 Hall of Fame for Business Tourism, NSW Tourism Awards. The Château Élan at The Vintage Hunter Valley, is Australia’s finest luxury golf, spa and conference resort.`
Within The Vintage, Stevens Group have also developed the Grand Mercure Apartments comprising twelve, 4.5 star spacious apartments. Founded by John Stevens in 1982 Stevens Group has grown to become one of the leading private and diversified property development companies in NSW having completed over 250 quality landmark developments throughout the state. In 2021 Stevens Group were the Winners of the UDIAS NSW Awards for Excellence for their Foreshore Lake Macquarie development at Toronto. In 2018 Stevens Group were Winners of the AHA National Awards for Excellence in the Hotel of the Year category for their Headlands Hotel Austinmer Beach development. Also in 2018 the were the Winners of Golf Digest’s Editor’s Choice Award for the Best Golf Resort in Australia – The Vintage Golf Course. Among the many developments they currently have on their books throughout NSW is their Regrowth project at Kurri Kurri, on the former Hydro Aluminium smelter plant site spanning 2,000 hectares. The Regrowth project is a masterplanned, mixed use development with opportunities for a variety of businesses including heavy industrial, general industrial and business park land. The project includes a 132KV high voltage switchyard, high pressure gas main and rail access.
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BUSINESS NEWS
More planning resources to focus on delivery of new houses and infrastructure
NSW Premier, the Hon. Chris Minns MP with the Hon. Paul Scully MP announcing changes to the NSW planning system TOWARDS THE END of last month the NSW Government today took another firm step towards a stronger, more efficient and more streamlined NSW planning system focused on the delivery of more housing, jobs, and infrastructure. Almost 350 staff from the Greater Cities Commission (GCC) and Western Parklands City Authority (WPCA) will be redeployed into the Department of Planning and Environment. The transfer will reduce the overlap and duplication between agencies and redirect valuable but limited resources to bolster planning delivery against the Government’s priorities. The move puts the Department of Planning and Environment (DPE) in a much better position to focus on the job of overhauling the planning process and cutting red tape. The previous Government left us with a planning system that included too many agencies reporting to too many ministers. It was a system that, put simply, wasn’t delivering enough housing for people in NSW. NSW will require approximately 900,000 additional dwellings by 2041. Yet we have a projected housing construction shortfall of 134,000 dwellings over the five years of the National Housing Accord. Planning processing times had blown out from 69 days on average in July 2021 to 116 days in March 2023. The NSW Productivity Commission has noted NSW builds fewer homes compared to other states, and this is a direct cause for why housing in NSW costs more than it does anywhere else in Australia. We need more supply in places people want to live and work, located near to the services people need if we have any chance of meeting our State’s, and particularly Sydney’s, housing demands. CENTRAL COAST BUSINESS REVIEW JULY 2023
The GCC Commissioners will continue to assist with metropolitan planning for the Six Cities Region and provision of advice to the Minister for Planning and Public Spaces. DPE Acting Secretary Kiersten Fishburn will now work with the Commissioners and they will finalise draft housing targets and the six City Plans. This work will embed the new Government’s rebalancing of population and housing growth for all 43 local councils and deliver on our commitments required under the National Housing Accord. The WPCA Board will continue to set the direction for the building of Bradfield City and for economic development and investment attraction to the Western Parklands City. Both GCC and WPCA Chief Executive Officers will now report to the DPE Secretary. The NSW Government has an ambitious agenda to reform planning and boost hous-
ing supply. We have already announced the following changes: • Reforming infrastructure contributions so that roads, schools, health services and open spaces are delivered in a more timely manner to areas of housing growth to address • Providing additional support for the development and assessment of social and affordable housing • Creating changes for market development to increase the amount of housing delivered on private land as well as public land. • Auditing surplus government land that could be used for housing • Expanding the role of Landcom • Improving building quality by establishing the NSW Building Commission • Making renting fairer while providing surety to property owners This is the start of focusing government and its agencies on project delivery. The Government want to get projects moving. More information can be found on the Department of Planning and Environment’s website. Making the announcement, along with the NSW Premier, Minister for Planning and Public Spaces, Paul Scully, said, “There were too many agencies operating in the NSW planning system with similar responsibilities, meaning that accountability for delivery was blurred and confusing. “The system created resourcing gaps in critical areas, while duplicating effort in others, and with the housing challenges we face, it wasn’t fit for purpose.” “We need to pool all our resources to deliver on the new government’s priorities including housing and jobs, and the infrastructure to support them.
Half share in Erina Fair on the market The South Korea National Pension Service has placed its 50% interest in Erina Fair on the market through agents CBRE. The SKNPS acquired the interest in 2013 when the centre was valued at around $800 million, from GPT Group. It is currently valued at around $900 million. Erina Fair is rated in the top 20 Big Guns spanning 114,993 sqm regional shopping centres in Australia with Moving Average Turnover in 2022 of $758.24 million. The remaining 50% is owned by a Lend Lease affiliated property fund with the centre being managed by Lend Lease Retail. It is the largest single level shopping centre in the Southern Hemisphere.
A significant attraction for any buyer will be the opportunity to develop about 25% of the 38-hectare site on Terrigal Drive and the corner of The Entrance Road and Penrose Close. In the course of the last twelve months Erina Fair has been undergoing redevelopment following the closure of the Target store. As a result new national and international retailers have opened within the Centre. They include H&M, rebel, City Beach, EMF Fitness Centre, JD Sports, Glue Store, Peter Jackson men’s wear, Kidstuff, Dangerfield and Lindt chocolates.
BUSINESS NEWS
Trees and squirrel gliders more important than housing for CC Council WHILE AUSTRALIA AND NSW are suffering a critical affordable housing shortage and people are sleeping in their cars at night staff at all levels at Central Coast Council are more interested in trees, squirrel gliders and the swift parrot. But there’s more! This Council simply does not want any development of any kind if it means cutting down a tree or taking out some so-called endangered species of plant. Their focus is totally on green space. Having lost a case in the Land & Environment Court on 6th December on the spurious basis that the squirrel glider was an endangered species this Council continues to obfuscate and delay every residential subdivision that comes its way. Currently a proposal by a group of 50 landowners at East Wadalba to have their land, that is sandwiched between thousands of houses that stretch from Watonobbi to Wyongah is being tied up by Central Coast Council who is using every trick in the book to stop or delay their land being developed. The land in question is part of Wyong Council’s Urban Release Area that was identified for housing in the early 1990s. All but this small section of land that the owners approached Council for rezoning and redevelopment from rural acres has now been developed and Council is collecting substantial rates thereon. It all goes back to 2010 when a group of 50 small farm owners sought to have their land rezoned from rural to residential in accordance with the Wyong Urban Release Area. In 2012 Minister for Planning, Brad Hazzard, was expressing his concern about the lack of housing and was asking land owners of more that 100 hectares suitable for housing to contact the Department. The East Wadalba Landowners Group submitted their details to the Department and as a result Minister Hazzard approved a ‘Gateway Determination” for the rezoning of their land in early 2013. Trouble was Council did not want to deal with so many small landowners. They were forced to set up their own development company and then learned that they would have to finance all the surveys, designs, reports, project costs. The landowners $1 million dollars Council then wanted reports covering; town planning, parks and open spaces, storm water and sewage and waste water, bushfire reports, vegetation plans, slope analysis, conservation, ecology and more costing an addition million dollars. Council then charged the landowners massive fees to check these reports. And then came the council amalgamation
Wadalba Urban Release Locality map that created a new dynamic with the election of Central Coast Council. This resulted in many staff leaving with those that came in being selected on their ecological credentials. These people were, and still are, opposed to all development anywhere in the region. In 2020, under pressure from the Department of Planning Council did approve rezoning of the Wadalba land but made it effective from 31st July 2021 – eight years after it was determined by the State Government. Having reached this point, the land owners next move was the design of water and sewerage infrastructure. Usually a council responsibility this Council claimed they did not have the funds or the staff to undertake the project. The landowners would have to do it themselves. Having got a quote for $500,000 the landowners decided to move ahead with the project themselves, appointing local consultants with a knowledge of the area to
do the design work. And then the Department of Planning came up with $1.4 million for Council to undertake the design work along with other unrelated works. This enabled Council to appoint a Project Manager and support staff who took control of the project and engaged Danish company TERROIR to manage the whole project. TERROIR has since produced a series of plans, none of which are suitable. Meanwhile, the plans approved by Council in 2021 are what the landowners have been working on since 2021 and, they say, should be acted on. Meanwhile CCBR understands that the landowners have recently approached the new State Government through their local member, David Harris and are hopeful that a resolution will quickly be found, particularly as the Premier has made fixing the state’s critical housing problem a top priority.
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BUSINESS BRIEFS
Peter Lawley OAM, Yvonne Crestani OAM among King’s Birthday Honours list
Peter Lawley OAM
Yvonne Crestani OAM
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Peter Lawley OAM, of Gosford has received an OAM for service to veterans and their families. Mr Lawley said receiving the medal was “a huge honour and very humbling”. The son of a WWII veteran who was wounded in battle, he has always had “great empathy” for the families of veterans. “I used to run public hospitals before moving into operating an aged care and retirement village at Lake Macquarie which eventually became part of RSL Care,” he said. Mr Lawley was appointed CEO of Brisbane Water Legacy in 2010. He is also President of Gosford Erina Business Chamber. Yvonne Crestani OAM of East Gosford has been recognised for service to community health due to her work as Founder and Director of The Crestani Foundation since 2012. Mrs Crestani’s husband was chief radiotherapist at St Vincents Hospital when he died of cancer in 2006. “In 2007 I decided I would like to do something as my husband’s legacy and my family supported me with some money to start off the fundraising,” she said. This led to the establishment of The Crestani Foundation, which has provided 52 scholarships to health professionals and students for research and studies into better outcomes for cancer patients.
Co-working group opens Killcare and Gosford co-work spaces
KoWorks co-working space at Killcare SLSC. Co-working group KoWorks has opened their first co-working space in the Killcare Surf Life Saving Club and in early July will open a co-working space in a disused warehouse owned by the Central Coast Leagues Club in Gosford at 97 Donnison Street. Founded by sports advertising entrepreneur, Adam Hyman amid the COVID-19 pandemic, KoWorks’ mission is to support local businesses and communities while promoting new ways of working by revitalising underutilised community spaces to foster connectivity, creativity, and sustainability. Commenting on the Gosford KoWork space, Edward Camilleri, CEO of the Central Coast Leagues Club said, “we are thrilled to see our warehouse transformed into a destination hub for tech and innovation. This is a testament to KoWorks’ commitment to the community and their vision of the future of work.” Craig Sheppard, President of the Killcare Surf Life Saving Club said, “It’s been wonderful to watch how KoWorks’ reimagining of the space within the Club has brough it to life, bringing a great new vibe to a part of the club that was a little tired. Killcare Surf Club and KoWorks have a shared passion for our local community and I can’t imagine a better place for them to engage, create and collaborate.” “With top flight facilities, the best views on the Coast and the sand and surf only metres away, KoWorks at Killcare Surf Club is an exciting development for the Club and Killcare’s knowledge workers and creatives,” he said.
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Pop-up butcher – an innovative approach to retail and has become synonymous with the best quality meat and exceptional customer service. The business was acquired by entrepreneur and businessman, Tony Palmer two years ago who has continued the business values set up by the original owners Rob and Bruce Kay and keeping the staff headed up by Head Butcher Jason Bowden who has been with SQM for over fifteen years. Tony Palmer, owner Saratoga Quality Meats Pop-up shop at Erina Heights The Erina Heights pop-up store stocks the same range of Saratoga Quality Meats at Kincumber is taking beef, lamb, pork and poultry sourced from meat retailing to another level with the openethical producers along with their own ing of a pop-up shop at Erina Heights adjacent range of smallgoods, ham and bacon proto the popular BamVino restaurant and deli. duced in store at Kincumber and stocked The pop-up boutique butcher is an up twice daily. innovative concept whereby SQM’s butcher “We are aiming at the busy professional shop at Kincumber becomes a central procustomer who will be able to order online duction facility thereby alleviating the need and ‘click and collect’ without leaving the to employ additional skilled staff which are car,” Mr Palmer said. difficult to find in the current labour market. Additionally, the Erina Heights SQM Owner Tony Palmer said that Erina pop-up butcher is working in with the very Heights is an ideal location to attract a new popular BamVino Deli giving customers market looking for high quality freshly cut the opportunity to buy their vast array of meats and ready to cook meals. deli products. “SQM was almost 40 years ago 1 28/3/2023 3H founded 180x100 Mar23 Final V2.pdf 4:05 pm
Colourworks appoints Central Coast Manager – moves to Tuggerah
Mark Bressler Colourworks, Newcastle based supplier of integrated hardware, software and process management solutions has announced the appointment of Mark Bresler as Central Coast Manager and will relocate their office at West Gosford to Tuggerah Mr Bressler’s industry experience dates back to 1996, bringing to Colourworks his vast expertise in the technology sector. His specialisations, such as business process management, cost analysis, fleet management, confidential and rules-based printing, will enhance the company’s ability to provide value-added services. His strategic insights into ROI for businesses of all sizes, from small start-ups to large corporates, are a perfect fit for Colourworks’ commitment to high-quality service and customer satisfaction. Customers will benefit from having a single point of contact for most technology services within their businesses.
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CEN T R AL COA S T COUNCIL NE WS
North to build Gosford Library Subsequently, a Stage ITS TAKEN A long time and 2 (selective Tender) of the goes back to 2015 when 2-stage procurement process Gosford Council started lookfor the combined demoliing at suitable sites in Gosford tion and construction of the for a Regional Library. Gosford Regional Library was Finally, in 2019 Central released on 1 February 2023 Coast Council decided to and closed on 17 March 2023. pursue the development of Architect’s image of proposed With only one interested the Gosford Regional Library Gosford Regional Library builder Council, at its March and called tenders for the 28th meeting took the decision to authordesign of the building on the Parkside site ise the CEO to negotiate with the shortin Donnison Street, Gosford. listed proponent (North Construction & In early 2020 they applied for and got $7 Building). million from the Federal Government to help Meanwhile between 2019 and 2023 costs fund the project which would be funded by: for the project have blown out from $27.7 Existing Council Special Rate Variation $11.6m million to $32.7 million. Federal Government Grant $7.0m At its June 27th meeting Council resolved to accept North Construction & Building’s Developer Contributions $9.5m tender with an upper limit of $29,150,000 Proceeds sale of Kibbleplex building* $2.7m noting that final commercial terms and TOTAL $30.8M contract sum are still to be determined, and the upper limit contract sum value is inclu*Proceeds from Kibbleplex sale were $4.1 million sive of costs associated with the design however Council has spent $1.4 million on their concept construction support services consultancy plans for redevelopment of the Gosford Waterfront. contract, and that Council approve an increase of $5,000,000 to the capital budget In February 2021 Council approved its to accommodate the proposed delivery own Development Application and put program of Gosford Regional Library. the project out for tender. However for Commenting on Council’s decision North reasons unexplained no one was interested Managing Director, Matthew Cook, said, “The in the project that included demolition of new Gosford Regional Library is a significant the Parkside building, except local builder project for the local Central Coast commuNorth Building and Construction. nity and one we are very excited to be delivObviously Council expected a fixed price ering, Our Tuggerah-based team and local tender but had not figured on construction trade contractors are keen to get started and costs increasing during the time they took see the project come to fruition.” to make up their minds.
CENTRAL COAST BUSINESS REVIEW JULY 2023
Council leases Ourimbah land for Food Manufacturing Hub At its June 28th meeting Council resolved to lease two lots of council owned land at 2 and 4 Brownlee Street, Ourimbah to Central Coast Industry Connect (CCIC) to enable them to establish a Central Coast Food Manufacturing Innovation Hub. The lease will be for a 30 year period. CCIC is expecting to receive a Federal Government Grant of $17 million to build the new facility which is in close proximity to the Ourimbah Campus of the University of Newcastle. The Hub will be a purpose-built facility designed to foster local business and promote the Central Coast as a nationally significant player in the food processing sector. It will incorporate a fully functioning and equipped pilot facility and skills development centre that drives industry collaboration and innovation and develops the skills of business owners, managers, employees and contractors. The Hub is expected to be operational by 2026 and will be developed in three stages: • The first stage is to establish a skills centre and associated programs. • The second stage is to construct and fit out a suitable building and install a range of pilot facilities. • The third stage is to activate the pilot facilities for product development and contract manufacturing and extend its use to the skills centre.
NEWS
Sponsoring Central Coast medical research AN OPPORTUNITY EXISTS for local businesses to further their commitment to the Central Coast’s medical advancement by collaborating with Crestani Scholarships in sponsoring an innovative program to help people on the Central Coast living with Cancer. Crestani Scholarships Limited is an enterprising charity, established in 2007 by Mrs Yvonne Crestani OAM, to support medical professionals to further their knowledge and skills to give the best possible treatment to cancer patients. Over the years, in response to Crestani Scholarships’ appeals, local businesses and community members have contributed to the funding of high-quality educational opportunities for the Central Coast’s aspiring researchers, and young health workers treating Cancer Patients. Crestani Scholarships is a strong influence in raising funds which deliver thousands of dollars towards the scholarships. Crestani Scholarships has been promoting medical excellence and innovation on the Central Coast for seventeen years and is now expanding the operations to support research. Mrs Crestani said that Crestani Scholarships is proud to support the Central Coast Cancer Centre and the University of Newcastle’s Central Coast Research Institute (CCRI) in the vitally important research and to that end seeks vital additional funding. “There is still so much we the community can do for better outcomes for Cancer Patients, and now we have an opportunity to make improve the quality of life for longterm caring for sick people,” she said.
Central Coast Research Institute Professor Nick Goodwin, Director, Central Coast Research Institute for Integrated Care, said “The purpose of the Central Coast Research Institute, a joint venture of the University of Newcastle and the Central Coast Local Health District, is to improve the health and wellbeing of our Central Coast community through the rapid translation of evidence into practice. The SLAM-B project is a notable example of this, already making a significant difference to the experience of cancer patients with Multiple Myeloma and their families by enabling them to take control of their own care.” “With the support of Crestani Scholarships and their sponsors, we now have the opportunity through research to measure the wider costs and benefits of SLAM-B in the expectation that positive results can be taken up to support cancer patients across the Central Coast and beyond,” he said. Additional programmes Researcher Dr. Jude Weidenhofer with Dr. Michael Bourke explained that investigation of Cancer treatment personalised to each person and their cancer to ensure the best journey to the best outcome: Currently, decisions on how to treat Breast and Prostate cancer patients are made from sampling a patient’s tumour through a painful biopsy and until research identifies a better approach it will remain the accepted approach. This program will research methods of replacing the need for a biopsy with analysis of blood or urine samples thus reducing patient stress and risk of potential side-effects and provide more precise information about how to best treat individual patients.
Yvonne Crestani OAM This is of immense importance for breast and prostate cancers where treatment options range from aggressive Surgery, Radiation Therapy, and Chemotherapy to monitoring to see if the cancer will get worse or if they will be able to live with the tumour for the remainder of their life without detriment. Being able to identify who needs which treatment will ensure all patients experience the best quality of life possible and the best chance of survival. Another potential outcome of this research program is identifying new ways to treat some of the most aggressive forms of Pancreatic cancer in the laboratory and gathering the evidence required to get approval for clinical trials. “We are all involved. Cancer has invaded the health and the lives of our families, friends, and the entire community and anyone of us could be next. We simply must come together to make education and research programs such as these a funding priority,” said Mrs Crestani. Corporate Sponsorship would establish the Central Coast as a forerunner. For more information on how to sponsor contact Yvonne Crestani OAM, CEO, and founder of Crestani Scholarships Limited on 0416 241 110.
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BUSINESS TIPS
Important update regarding the decision made 2 June 2023 by the FWC re the annual wage review
By Warwick Ryan, Partner, Hicksons Lawyers THERE HAS BEEN an important update regarding the decision made 2 June 2023 by the Fair Work Commission regarding the annual wage review. Hicksons understands the significance of this decision for businesses and wants to ensure that employers are well-informed about its implications. Approximately 20.5% of Australian employees are paid in accordance with minimum wage rates in modern awards. The Fair Work Commission has conducted a thorough review and has decided to increase all modern award minimum wage rates by 5.75%, effective from the first full pay period on or after 1 July 2023. The new minimum wage rate is $23.23 per hour or approximately $45,902 per year and is applicable to employees who are not covered by a modern award or enterprise agreement – affecting 0.7% of Australian employees. The Fair Work Commission also increased the minimum wage to 5.75%, however as the minimum wage will now be based on the
C13 rate ($21.97) in the Manufacturing and Associated Industries and Occupations Award 2020, rather than the C14 rate ($21.38) that has previously applied, this actually equals a one-off higher increase totalling 8.6%. The increase will also come into effect on the first full pay period on or after 1 July 2023. This decision is aimed at maintaining a fair and equitable work environment for employees, while considering economic conditions and business sustainability. As a result of this decision, there may be an impact on your business, if you pay your workers less than 5.75% above the award rate. The impact will be even greater for the few employers that have employees who receive the minimum wage and are not covered by a modern award or enterprise agreement (as their increase is 8.6%). It is important to review your current wage structure and ensure compliance with the new minimum wage rates mandated by the Fair Work Commission. Here are a few key points to consider: 1. Minimum Wage Adjustment: The decision may require you to adjust the wages of employees who currently earn at or below the new minimum wage rates and are not covered by a modern award or enterprise agreement. It is crucial to assess your payroll records and identify employees who may be affected by these changes. 2. Budget forecasting: Take the time to review your budget and financial projec-
tions to accommodate any necessary wage adjustments. It is important to ensure that your business remains financially sustainable, while meeting your obligations under the new wage rates. 3. Employment Agreements and Contracts: Review your employment agreements and contracts to ensure that they align with the new minimum wage rates. Any necessary updates or revisions should be made to comply with the Fair Work Commission’s decision. 4. Communication with Employees: Transparent and effective communication with your employees is vital during this transition period. Clearly communicate any changes in wage rates and ensure that your employees understand the reasons behind the adjustments. It may also be good to address any questions or concerns they may have to maintain a positive work environment. Hicksons understands that navigating these changes can be complex, and we are here to support businesses throughout this process. Our team of experts is available to provide guidance, answer any questions you may have, and assist you in implementing the necessary adjustments. Please feel free to reach out to Warwick Ryan, Partner or Sarah Bandyle, Practice Manager, Workplace Relations, Employment & Safety if you require any further information or assistance
Business Planning Mistakes if you’re in your 50’s
By Troy Marchant, Director, Adviceco Chartered Accountants It’s no secret that time flies as you get older – this is because the neural pathways you have created are ‘well worn’ so that time seems to ‘blend’. So as a business owner as you enter your 50s, it’s time to think about your retirement. When do you want to put your feet up? Have you created something you can sell? How much do you need to live on in retirement — bearing
CENTRAL COAST BUSINESS REVIEW JULY 2023
in mind that once you have more time on your hands, you may spend more than you thought you would! A mistake I see all too often is no succession plan or ‘successor’. This is a conversation I highly recommend you have with your accountant. Ie is it time to sell? Who are your potential buyers? Can you identify them? Do you have relationships there, or is it time to start to form them? Are there potential successors in your management team who may be interested in buying your business? Have you dotted the i’s and crossed the t’s so that your business would cruise through due diligence without jeopardizing your sale price? Nothing kills a deal faster than a poorly prepared information memorandum and having to scramble to provide information to a would be buyer – not a good look.
Here’s another question: Do you even want to sell your business? If you’ve created a cash cow, one option is to maintain ownership but put in place a team so that the business runs without you being there (and you just pick up a very handy dividend). Think about your legacy - If you’ve created a successful business and you’ve been able to set yourself up financially, perhaps it’s an appropriate time to think about your legacy. What do you want to leave behind? Can you contribute by giving something back? After all, for many of us there is more to life than work, and if you made it through this far, then you have a genuine opportunity to help others. I guess when I think of the mistakes I have seen, my first piece of learning I can pass on is : get advice. There are many CONTINUED ON PAGE 17
BUSINESS TIPS
Government will wipe out ‘gig economy’
Ken Phillips is Executive Director, Self-Employed Australia
If you’ve ever been to a pub gig, you’ll have taken part in what the Albanese government wants to (effectively) close down. The Albanese agenda became starkly clear in 2022 after Workplace Relations Minister Tony Burke declared the ‘gig economy’ is a cancer. Legislation will be introduced in late 2023. The gig economy is not something new. The Beatles, The Stones, Cold Chisel, AC/ DC … they all did and/or do ‘gigs’ just like countless stand-up comedians, crooner and many others. A gig is pretty simple. There’s a contract for a set price to do something. ‘Come to my pub. Play for three hours and I’ll pay you a thousand bucks,’ says the pub manager. ‘Done,’ says the singer. The singing done and the money paid. End of contract. Somehow, for the Albanese government, this is a ‘cancer’. What’s happened over the last 15 years or so is that this familiar entertainment and other industry ‘gig’ model has taken new
forms. Now gig work is available for rideshare, food delivery, aged and disability care, and odd jobs. What’s happened is that online technology has made gig work more secure. Gig platforms enable anyone wanting to do a job to connect with someone needing a job done. The revolution is that job specifics and price are upfront and agreed by the parties. The platforms make the market work efficiently, transparently, and securely. It’s fantastic. The risk of not being paid is massively reduced. Think of how many times a pub manager has failed to pay the full amount agreed upon, screwing over the worker (singer)? It’s the security of payment and security and clarity of the gig work agreement that’s made this expansion of gig work so seemingly popular. And it’s all happened without government sticking its nose in! Yet this is a cancer? So here comes the Albanese government promising to mess it all up. How do they say they are going to do this? Put simply, Minister Burke is going to create laws that will require gig workers to have holiday pay for example. Sounds good? But how will this work? Take our pub gig as an example. The pub manager will have to pay holiday pay on top of the $1,000 agreed. How is this to be calculated? Let’s say it’s $70. It’s clear what will happen. The pub manager will only agree to $930 for the gig. $70 will have to be held back.
But when does the gig singer get the $70? Does the singer determine when it’s ‘holiday’ time or does the pub manager decide? Sounds like a recipe for scamming! So, will Albanese then set up a massive new government-run department to manage gig workers’ holiday pay? Or will unions set up a fund? Will the singer need to apply to the government or a union for the $70? This is the real cancer. In their determination to proceed with their gig economy agenda, the Albanese/Burke government will introduce cancer into Australia’s commercial contract process.
Business Planning Mistakes if you’re in your 50’s CONTINUED FROM PAGE 16
ways to sell, merge, divest, and retire yourself and your business. There is no such thing as a dumb question. Start the questions early, start the journey early. If you have built a great business, make sure it is sellable – and there are many layers to ensuring you have something to sell One final tip: If you do talk to your accountant about this, make sure you ask about Small Business Concessions (you might have access to some BIG tax savings on sale). As always, feel free to drop me a line troy.m@adviceco.com.au
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PROPERT Y
Lake Mac Council putting Morisset on the map LOCATED JUST OFF the M1 Motorway on Mandalong Road, Morisset and 25 kilometres north of Tuggerah is one of the fastest growing industrial areas in NSW. First developed in 1999 and then known as Gateway Business Park and now covering an area of around 200 hectares Morisset Industrial Estate is testimony to what a progressive Lake Macquarie Council has achieved in 25 years. Light industrial, bulky retail and logistics businesses abound and the place is full of confidence evidenced by increasing property prices as buyers see a bright future. Last month Lake Macquarie Council announced their plans for the future of Morisset which is tipped to become Morisset Industrial Area showing new projects under construction. (l to r) Gimberts Road Industrial home to an extra 12,000-plus Precinct, Life & Home development, Cedar Mill development residents within 20 years and a Commenting on the demand for indusGimberts Road Industrial Precinct regionally significant centre. trial properties in Morisset and elsewhere, A triangular site of 11.9 Ha and located “It’s no secret that Morisset is undergoincluding the Central Coast, Colliers opposite Morisset Business Park, Gimberts ing a lot of change right now, with new Newcastle Associate Director – Industrial, Road Industrial Precinct is being developed residential and commercial developments Ben Curran said, “Morisset has been a by Gunther Civil. bringing new residents, jobs and investstandout performer in the industrial sector Ben Curran from Colliers Newcastle who ment to our city’s south,” he said. since it nearly doubled in size in 2019/20. are the sold selling agents reports that 18 “The regionally significant growth area of Demand has outstripped supply due to lots comprised in the development sold Morisset, which includes the town centre, record low vacancy rates across the wider off-the-plan within a day of coming on the areas south of Morisset Station, north of region and Sydney.” market at prices around $325 per sqm Awaba Street and westward towards the “This, coupled with lagging development M1, could be home to an extra 12,000-plus approval times in the neighbouring Central Morisset industrial area residents by 2041. Coast LGA, has led many businesses to Lake Presently Winarch Capital are extending the “It’s important that we develop a plan to Macquarie as an attractive alternative. original Gateway Business Park area having manage and make the most of this growth “An example of this is the new DHL acquired the Morisset Mega Market site that potential, while protecting and enhancing Distribution Centre at 14 Advantage Ave comprises 7.5 hectares about five years ago. what people already love about Morisset.” which Colliers is currently marketing as an In 2017 Winarch Capital set out two Lake Macquarie Mayor Kay Fraser said. investment opportunity,” he said. develop a substantial land holding around Morisset’s location, transport links and DHL are currently based in Tuggerah. the original Mega Market. The redevelopemerging development made it a crucial However, with a need to expand their busiment of the site, saw a new M1 Mega focus of the city’s growth and prosperity in ness and a lack of confidence in Central Storage and the surrounding land subdiyears to come. Coast Council to approve any DA in a timely vided and sold over the past two years. One of the Hunter’s largest property manner they will move relocate to Morisset Meanwhile Winarch have recently comdevelopers, Winarch Capital are currently on completion of a new facility now under pleted developing Stage 6 at the end of developing two large sites centred on the construction and due for completion at the Accolade and Advantage Avenues. Stage 6 Morisset Industrial Area: end of 2023. is a 8.05Ha site yielding 18 lots with all lots “ This project will create 100+ jobs and selling prior to construction being comLife and Home Morisset provide great economic and service benefit pleted A 25,000 sqm large format retail centre, to the Lake Mac Area,” said Mr Curran. Recent sales give an indication of the anchored by a Bunnings Hardware store. The pro-development support for demand for industrial land in the Lake Morisset from local and state government Macquarie area. Cedar Mill and the private development sector e.g. 15 Kalaf Avenue: 1,501 sqm sold at $745 On the former Morisset Golf Course, a $235 Winarch Capital, has improved business per sqm. million project that will include a new confidence and demand for the area lead30 Accolade Avenue: 1,931 sqm sold at concert venue, cafes and restaurants, touring to growth in land values within the $1,931 per sqm. ist accommodation and Australia’s largest Morisset Business Park by a whopping In May 2 Venture Close of 2,812 sqm sold aquatic play park across a 40 hectare site, 187% over the last 2.5years,” he said. at auction for $612 per sqm to a developer formerly the Morisset Golf Course. CENTRAL COAST BUSINESS REVIEW JULY 2023
PROPERT Y NEWS
SMSF investor buys in Gosford CBD Facilities management business buys in Mariners Building Tuggerah A local facilities management business has purchased Suite 306, 1 Bryant Drive, Tuggerah paying $580,000 (GST not applicable). The 120sqm north facing suite in the Mariners Building has complete office fitout with partitioned offices and open plan working area. Brett Dowling and Ty Blanch from LJ Hooker Commercial Central Coast negotiated the sale.
A local SMSF investor has bought a retail/commercial property in the centre of Gosford at 123 Mann Street paying $1,580,000 (GST not applicable. The 304sqm property built in the early 1960s with rear access to Mortimer Lane comprises multiple long term tenants.
With all leases current Gross income is $100,282 showing a net yield of 5.0% per annum. Anthony Scarcella from LJ Hooker Commercial Central Coast negotiated the sale.
Ty Blanch & Brett Dowling Focus Marketing Area Specialist Tuggerah, Wyong & Berkeley Vale
Investor buys North Wyong industrial unit A local investor has paid $600,000 (GST not applicable) for a 288sqm industrial unit at 3 Donaldson Street, North Wyong. The unit was sold with a 2 year lease in place returning $36,000 gross per annum. The brick and steel unit is part of a 4 unit complex built about 30 years ago. Brett Dowling and Ty Blanch from LJ Hooker Commercial Central Coast negotiated the
Begin with the No. 1 TOP OFFICE INTERNATIONALLY NUMBER OF SALES 2021 – 2022
Central Coast Suite 401/1 Bryant Drive, TUGGERAH NSW 2259
(02) 4353 7700
87 Mann Street, GOSFORD NSW 2250 CENTRAL COAST BUSINESS REVIEW JULY 2023
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PROPERT Y NEWS
West Gosford unit development sold out off-the-plan
Erina based property developers, The Brand Group have completed construction of a 39 unit industrial development at 9 Blackett Street, West Gosford with all units sold of the plan prior to completion. Units in the development, which is zoned B5 Business, backs onto Narara Creek and to the rear of Gosford Racecourse, range in size from 41 sqm SMSF buys Tuggerah commercial
A Self Managed Super Fund has acquired Unit 1, 5 Colony Close, Tuggerah Business Park paying $1.1 million (GST not applicable) for 244 sqm unit. The unit comprises commercial office space with full fit-out, 6 executive offices, board room, reception area, open plan offices, amenities and 6 allocated car spaces. Mark Davies from Raine & Horne Commercial Central Coast negotiated the sale.
Brad Rogers and Michael Hanson from Raine & Horne Commercial Central Coast negotiated the sale.
to 144 sqm and sold at prices from $3,700 per sqm to $4,400 per sqm plus GST. Fifty per cent of buyers were investors and the other fifty per cent owner occupiers that comprise tradies, builders and private buyers for storage. The complex is secured with perimeter fencing and electronic gate. in 2002 for $236,000 and last traded for $550,000 in 2021 (Souce: RPData). Mark Davies from Raine & Horne Commercial Central Coast negotiated the sale. Transport business buys West Gosford unit An owner occupier transport business has purchased a 264 sqm factory unit in a 8unit complex at 13 Dell Road, West Gosford. Price paid for the 264sqm unit was $690,000 (GST not applicable).
Somersby industrial unit sold Unit 7 at 222 Wisemans Ferry Road, Somersby has sold for $795,000) GST not applicable) The 197sqm unit with mezzanine storage area is part of a 29-unit complex built in 2020 when it sold for $440,000 (Source: RPData). Karen Aubrey from LJ Hooker Commercial Central Coast negotiated the sale. West Gosford unit complex sells to Sydney investor
A Sydney investor has purchased a 4-unit strata complex in one line at 1 Gibbens Road, West Gosford, on the corner with Merinee Road. Price paid $2,450,000 (GST not applicable) Built about 26 years ago the units with a total area of 408sqm are comprised on a 1,873 sqm lot. Karen Aubrey from LJ Hooker Commercial Central Coast negotiated the sale.
Central Coast For Sale
For Sale
Owner occupier buys Charmhaven unit
An owner occupier has bought a 189 sqm industrial unit at 3 O’Hart Close, Charmhaven paying $580,000 (GST not applicable). Unit 1 is part of a 0-unit complex built in O’Hart Close about 20 years ago. It first sold CENTRAL COAST BUSINESS REVIEW JULY 2023
A&B/10 Corella Close, Berkeley Vale
6 O’Hart Close, Charmhaven
• For sale separately or in one line • Fully leased industrial, long lease terms • 1 year old industrial buildings • EOI closing 26th of July 2023
• Easy access for larger vehicles • Income from day 1 • General Industrial zoning • Freehold building – No Strata
Brad Rogers 0459 921 122
Mark Davies 0422 442 858
Commercial Central Coast rhc.com.au/centralcoast
PROPERT Y NEWS
Medical imaging company leases at Fountain Plaza Erina
plus Outgoings and GST. Karen Aubrey from L J Hooker Commercial Central Coast negotiated the lease. Legal services business leases at Tuggerah Pactum Services Pty Ltd, a family and commercial dispute resolution business has leased Unit 3, a 133sqm office suite at 14 Pioneer Avenue, Tuggerah Business Park. Terms of lease are 3 years with 3 year option at a rental of $42,500 per annum plus Outgoings and GST. Rob Bose and Ty Blanch from LJ Hooker Commercial Central Coast negotiated the lease.
Life Medical Imaging, an independently owned and operated medical imaging company with branches in Bateau Bay, Killarney Vale and Umina Beach has leased a high profile ground floor suite in Fountain Plaza, Erina. The 234sqm suite is located at the Karalta Road entrance to Fountain Plaza
Pearl Beach restaurant leased
R & R Hospitality Group Pty Ltd has leased the former Pearls on the Beach restaurant and will reopen the property as Amalfi on the Coast. Terms of lease are 5 years with 5 year option at an undisclosed rental. Brad Rogers and Michael Hanson negotiated the lease. Disability employment services leases at San Remo At Work Australia, a disability employment service business, has leased a 98sqm shop space at 47 Liamena Avenue, San Remo. Terms of lease are 2 years with 3 year option at a rental of $24,000 per annum plus Outgoings and GST. Mark Davies from Raine & Horne Commercial Central Coast negotiated the lease.
formerly occupied by Westpac. Commencing 1st August the lease is for a term of 10 years with 2 x 5 year options at a rental of $120,000 per annum plus Outgoings and GST with fixed annual increases of 3%. The lease was negotiated by Nicole Barr from Commercialhq.
Transport company leases at Somersby A J Proud Transport Pty Ltd has leased Unit 6 of 670 sqm at 14 Vere Place, Somersby. Terms of lease are 3 years with 3 year option at a rental of $70,000 per annum
Tobacconist leases in Wyong town centre A tobacconist has leased a 850sqm retail space at 84 Pacific Highway, Wyong. Terms of lease are 3 years with no options at a rental of $26,000 per annum plus Outgoins and GST. Jo Hare from DiJones Commercial Central Coast negotiated the lease. Auto detailer leases in The Sawmill Erina Upper East Auto, an automobile detailer, has leased a 153sqm unit in The Sawmill Erina. Terms of lease are 3 years with no option at a rental of $44,000 per annum plus Outgoings and GST. Jo Hare from DiJones Commercial Central Coast negotiated the lease.
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ADVERTISE YOUR PROPERTY IN CCBR For further information phone 4367 0733 or email info@ccbusinessreview.com.au CENTRAL COAST BUSINESS REVIEW JULY 2023
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FUNNY BUSINESS
NOAH HAD JUST landed the ark. After the animals had disembarked he went back in to look around and there were two snakes in the corner crying. He said what’s going on? I told you to go fourth and multiply. They replied but we’re adders! Teacher: “If you had one dollar and you asked your father for another, how many dollars would you have?” Vincent: “One dollar.” Teacher: “You don’t know your arithmetic.” Vincent: “You don’t know my father.” Two neighbours were talking about work, when one said, “Say, why did the foreman fire you?” The other neighbour replied, “Well, you know how a foreman is always standing around and watching others do the work. My foreman got jealous. People started thinking I was the foreman.” An elderly couple were killed in an accident and found themselves being given a tour of heaven by Saint Peter. “Here is your oceanside condo, over there are the tennis courts, swimming pool, and two golf courses. If you need any refreshments, just stop by any of the many bars located throughout the area.” “Heck, Gloria,” the old man hissed when Saint Peter walked off, “we could have been here ten years ago if you hadn’t heard about all that stupid oat bran, wheat germ, and low-fat diets A child asked his father, “How were people born?”
So his father said, “Adam and Eve made babies, then their babies became adults and made babies, and so on.” The child then went to his mother, asked her the same question and she told him, “We were monkeys then we evolved to become like we are now.” The child ran back to his father and said, “You lied to me!” His father replied, “No, your mum was talking about her side of the family.” A husband got his mother-in-law a cemetery plot for Christmas. It came with a coffin, tomb stone, the works. Next Christmas comes by and the husband gets her nothing. When his mother-in-law asks, “Why didn’t you get me a gift?” the husband says, “You haven’t used the one I got you last year!” A lady was picking through the frozen turkeys at the grocery store, but she couldn’t find one big enough for her family. She asked a stock boy, “Do these turkeys get any bigger?” “No ma’am,” he replied, “they’re dead”. A distraught senior citizen phoned her doctor’s office. “Is it true,” she wanted to know, “that the medication you prescribed has to be taken for the rest of my life?” “Yes, I’m afraid so,” the doctor told her. There was a moment of silence before the senior lady replied, “I’m wondering, then, just how serious is my condition because this prescription is marked ‘NO REFILLS’.
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A man buys a parrot and brings him home. But the parrot starts insulting him and gets really nasty, so the man picks up the parrot and tosses him into the freezer to teach him a lesson. He hears the bird squawking for a few minutes, but all of a sudden the parrot is quiet. The man opens the freezer door, the parrot walks out, looks up at him and says, “I apologize for offending you, and I humbly ask your forgiveness.” The man says, “Well, thank you. I forgive you.” The parrot then says, “If you don’t mind my asking, what did the chicken do?” Three men are talking in a Soviet gulag. One of them asks the two others: “So what did you do?” The first one answers: “Well, I arrived late at the factory, and so they accused me of slowing down the Revolution and the victory of the Proletariat.” The second one answers: “Well, I arrived early at the factory, and so they accused me of wanting to be favoured and promoted over my fellow workers.” Then they turn to the one who asked the question: “How about you, then?” “Well, I arrived at the factory right on time, and so they accused me of having a watch from the West.
Quote of the month “Define your business goals clearly so that others can see them as you do”
George F. Burns
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1 David St, Doyalson, NSW 2262
47 Myoora Rd, Somersby, NSW 2250
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Industrial, showroom, or warehouse distribution From 1,500m² to 12,000m² AVAILABILITY Taking enquiries now
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Sealed hardstand Up to 20,000m² hardstand AVAILABILITY Available now
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110 Somersby Falls Road, Somersby, NSW 2250
119 Wisemans Ferry Rd, Somersby, NSW 2250
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Warehouse and distribution 9,000m² AVAILABILITY Q3 2024
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spaceurban.com.au
1300 300 641
Warehouse and distribution From 100m² to 7,000m² AVAILABILITY Q1 2025
info@spaceurban.com.au
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