CCBR May 2017

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Print Post Approved – PP100001854

Vol 26 May 2017 Published monthly (except January)

BILL LOW Headmaster Central Coast Grammar School

Planning Minister gets real on Growth Strategy Coast business numbers fall A new concept in house building No dredging a threat to business

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20,00 0 Cover story 4 Bill Low, Headmaster, Central Coast Grammar School - Education the key to a vibrant economy 7 Coordinator General appointed to oversee Growth Plan 8

Coast business numbers declining

9

A new concept in house building

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15 Denny gives a lesson in residential development 16 Commercial Industrial properties for sale / lease 17 Construction underway on Atlantis Ettalong Beach 18 Property sales and leasings 19 Record price for coastal retreat

Front cover: Bill Low – Photo: Jeff McGarn

20 Musings of a Business Advisor

10 Frogys demolition to start soon

20 Are you using your financial data to minimise tax?

10 AMS Furniture acquires powder coating business

21 Worker unfairly dismissed despite ‘crude’ Facebook post

Hear Edgar Adams’ business comment 8.10am each Monday.

11 Central Real moves into construction

22 Funny Business

11 Gosford-based Central Telecoms are growing fast thanks to NBN

Central Coast Business Review

Regular features

12 Robertson & Robertson moves to the next generation

6 Edgar Adams’ Editorial

12 Working Commercial appoints inhouse Interior Designer

12 Business Briefs

12 New owner for King Street Computers

19 Prestige property

13 McGrath Stock Feeds sold

20 Business tips

13 Kennedy Barnden adds partner

22 Funny business

14 No dredging a threat to business

23 Business Services Directory

Contact

Planning Minister gets real on Growth Strategy

14 Property news

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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 Fax 02 4367 0744 Email info@ccbusinessreview.com.au Web www.ccbusinessreview.com.au

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CENTRAL COAST BUSINESS REVIEW MAY 2017

3

4

COV ER S TORY

Bill Low, Headmaster Central Coast Grammar School Education – the key to a vibrant economy By Phaedra Pym ESTABLISHED IN FEBRUARY 1985 with a staff of 19 and a student cohort of 165, Central Coast Grammar School (CCGS) has come a long way in its 32 years. Today CCGS is a leading independent school with a staff of 150, a student population of 1,250, and an active parent community. One of the unique attributes of CCGS, in comparison to Sydney independent schools, is the fact that almost all students are local.

Together with their families they live within the community, including an increasing number of families who are moving to the Central Coast from Sydney and abroad, with CCGS cited as a major drawcard. This has obvious benefits for the economy of the region, which is on the cusp of substantial growth and development. Indeed the school is a critical institution for the Central Coast because, if it isn’t performing at an optimal level, people will think twice about investing in and relocating businesses and their livelihoods to the region.

With teacher quality, governance and management the primary drivers behind the success of any great school and strong leadership the key to all those drivers, CCGS has clearly benefited from having the right foundation from the start. A product of the public school system and a housing commission upbringing, Mr Bill Low’s appointment to CCGS in 2009 heralded his first foray into the independent sector. Moving to the Central Coast with his wife and two daughters in the early 1990s, Low arrived at a time when the region was fighting for its identity and academic achievement levels were depressed. This story shares Mr Low’s career journey and explains why there is an undeniable connection between edu-

cation and a thriving, vibrant community challenge and moved his family to the and economy.

Central Coast to take on the role of Director Born and raised in South Australia, Low’s of Schools for the region. In this role, Low first teaching appointment was at Port embarked on a project to renew the secAugusta Primary School before being transondary education system in the region with ferred to Port Augusta High School, where the initial support of the Carr government. he taught English and Social Science. It was “My role was essentially aimed at improving at this school that he outcomes for the stucame to the attention of dents – everything from “I always had a really the state’s Inspector of attendance to academic strong view that Schools, who took the performance and teachpeople weren’t going to young teacher under his er quality. However relocate new businesses wing and guided him there was resistance towards the completion due to a perception to the Central Coast of his university degree. that kids on the Central unless there was some Following his graduCoast were more intergood stock and that ation, Low taught at ested in surfing and one of the biggest university before acceptfootball than schoolcontributors, if not the ing a position as a conwork,” said Low. The idea biggest contributor to sultant with the South was to adopt a secondthe social and economic Australian education ary education structure development of the department. It wasn’t that catered to an central coast would long before Low was adolescent’s emotional, always be education. headhunted back into social, academic and the public school system intellectual needs and You just don’t have a and by the age of 33, he treat senior students vibrant region without was Principal of a large (years 10, 11 and 12) like vibrant schools, without multi-campus school young adults. However a vibrant university.” in Adelaide. Four years the initiative failed to later, Low was invited to gain traction beyond apply for the Inspector of Schools position, two schools - Tuggerah Lakes Secondary but turned it down, as he felt it was time to College and Brisbane Waters Secondary spread his wings.

College – as it required government investLow moved his family to New South ment to take it to the next level, which Wales where his first role was one of 80 wasn’t immediately forthcoming, leading government appointed positions responsito a deepening of the scepticism already ble for overseeing a small group of schools felt by many teachers at the time. The other (at 38 he was the youngest Cluster Director challenge, according to Low, was the fact by almost 20 years). Three years into that that the Central Coast was fighting for its role, Low became hungry for a greater identify. “Essential Government Services were administered from somewhere else.

The Central Coast was like a plaything of both sides of government,” he said. Low was subsequently promoted to NSW Director of Primary Education, responsible for all preschools and primary schools (public and independent) in the state. During this time, he also fulfilled a secondment role to the Director General on succession planning for leadership positions in the education sector in an attempt to change the archaic rule of promotion based on seniority over merit.

Low’s appointment to the position of Headmaster at CCGS occurred after his name had been “thrown in the ring” and he cautiously agreed to meet with Chairman It's hard enough making money, let alone ensuring it stays in Your years of hard work building your business need to re of the Board at the time, John Taylor, who the right column. If your productivity is buzzing but those elusive profits too. Is your business peddling like crazy but challe managedfinding to convince him Are to submit profits are lagging, you need a fresh set of eyes across your financials. new ground? you openan to ideas that can free Are you ready for a strategy that builds security for your future? cash-flow and empower your bottom line? expression of interest.

“I was reluctant Then you’re ready for Harwood Chartered Accountants Then you’re ready Harwood Chartered Accountants for two reasons, ” said thefor self-confessed a refreshing approach to building your profits. a refreshing approach to building your profits. “champion of public education”. “Firstly, I didn’t think I would be a good fit as I had

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CENTRAL COAST BUSINESS REVIEW MAY 2017

GAIN

COV ER S TORY

no experience in the independent school sector, and secondly I enjoyed what I was doing.” When asked why he changed his mind, Low was philosophical in his response, “I always had a really strong view that people weren’t going to relocate new businesses to the Central Coast unless there was some good stock and that one of the biggest contributors, if not the biggest contributor to the social and economic development of the Central Coast, would always be education. You just don’t have a vibrant region without vibrant schools and a vibrant university.” Because Low was actively involved in a number of regional committees, his circle of friends primarily consisted of influential local business people, who all shared his vision.

Since his appointment Low has led the implementation of many improvements to the school, including academic performance, numerous major capital works projects and a significant investment into enhancing and promoting the school’s brand. However Low is most proud of the school’s community focus. “There’s something special when a child attends school where they live with their parents who are actively engaged in the community, both within and beyond the school. That’s what we have here at CCGS and that’s a massive asset now and into the future as the community on the Central Coast evolves.”

Today CCGS loses virtually no students to Sydney schools and is attracting an increas-

Central Coast Grammar School Headmaster Bill Low in the School’s Performing Arts Centre auditorium ing number of students from Sydney, other local schools and abroad. Like any business, Low said they are always tracking performance. With excellent academic performance and very strong enrolment demand he was optimistic about the school’s future.

However he was adamant that “you can’t afford to become complacent in business” and after congratulating his staff each year on a job well done, he encourages them to keep aiming higher. As for the future, the Board is currently undergoing a Master Planning process to plan for the next 10 to

15 years. The Board has completed a structured workshop during which they heard input from various experts, including experts on demographic trends on the Central Coast. Once the Master Plan is further developed the Board will give parents and staff the opportunity to be involved in the consultation process. “My view is if you don’t grow the business, you’re putting the business at risk. But as the Central Coast grows we must also maintain the community spirit that is so unique to our school. It’s a matter of finding the right balance,” said Low.

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info@patongahotel.com CENTRAL COAST BUSINESS REVIEW MAY 2017

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EDITORIAL

Edgar Adams discusses local issues

Planning Minister gets real on Growth Strategy THE APPOINTMENT A few months ago by the Minister for Planning Anthony Roberts of a Co-ordinator General to oversee the implementation of the Central Coast Regional Growth Strategy is good news and is an indicator that this Minister for Planning does mean business.

This is the first time in history that any government has appointed anyone to ensure that a growth plan (not that there have been very many!) would be implemented. In the past all have been political statements aimed at getting the government of the day out of hot water.

So we welcome Lee Shearer APM to her role as Central Coast Coordinator General.

She comes with an impeccable record of public service not the least as a former NSW Assistant Police Commissioner and has worked at a high level in government since her retirement from the Police Force.

Getting this Growth Strategy implemented will be a hard task and CCBR was not that confident that the Government would see it through.

Finding a place for an extra 75,500 people to live here on the Coast by 2036 will require real political commitment.

comparisons and that is exactly what we have done.

Let’s understand that the real creator of jobs is business, not government, and in the years from 2012 to 2016 the number of businesses on the Coast has declined.

We have a growing population but less businesses where it counts. The one big positive is in the Construction Industry and here the number of businesses has grown by 162 in this period. You don’t have to be Einstein to understand that it was a big change in thinking at Gosford Council in 2012 that saw investors and developers being welcomed to see why that sector is growing. Similarly positive changes took place at Wyong Council but that was a few years earlier under CEO Michael Whittaker.

The result? We are seeing residential construction projects sprouting out of the ground all over the Coast.

There has also been growth in the Health Care and Social Assistance Industry but guess where they get their income – the Government!

To be a successful economy we do need to promote our region as business friendly. We still have a long way to go in this respect.

Talk is one thing but going out and In February the ABS published the latest finding businesses that would be better Business Numbers Census and while it was off financially by operating on the Central very time consuming we have extracted the Coast and then encouraging them to move number of Central Coast registered businesses. here is another. We don’t do it.

One thing is to look at the numbers but One 2caveat.

Central10:24 Coast a picture emerges when you startad_small_update.pdf making Murrays_Erina-tamworth 2/17/15 AMCouncil has

Expressions of Interest out for the development of Warnervale Airport. This Airport has the capacity to bring a number of solid businesses to the Coast. That is a big positive and the community needs to get behind whoever makes it.

Finally, whose responsibility is it to keep the waterways of this state in a safe navigable condition? (see Page 14) The silting of the entrance to Brisbane Water and the Ettalong Channel has long been a controversial issue that can no longer be ignored.

We need to recognised that Brisbane Water and places like Kincumber Creek was the birthplace of Australia’s shipbuilding industry from 1829 to 1953 and the boats built there were all deep keelers.

That means, historically, that coastal steamers using it to get as far as Gosford and it was always a commercial as well as recreational waterway.

This is an issue that has to be addressed and the State Government and the new Central Coast Council cannot dodge any longer. It is now having a direct effect on our economy.

Edgar Adams Editor

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CENTRAL COAST BUSINESS REVIEW MAY 2017

GENERAL NEWS

Coordinator General appointed to oversee Growth Plan

Lee Shearer APM MINISTER FOR PLANNING and Housing, Anthony Roberts last month announced the appointment of a coordinator general to oversee the revitalisation and growth of the NSW Central Coast.

Mr Roberts said Lee Shearer APM, former NSW Police Force assistant commissioner and most recently, the chief compliance officer for the state’s resource regulator, would take up the position of Central Coast Coordinator General.

The newly-created role will be responsible for driving the delivery of the Central Coast Regional Plan aimed at unlocking employment opportunities for locals, fast track housing supply and improving infrastructure in the area.

“The Central Coast is an area that is predicted to grow by more than 75,000 people in the next 20 years and we are committed to help the region grow economically, meaning more jobs, housing and infrastructure,” Mr Roberts said.

“The new role will help deliver the needs of the community, which will include iden-

tifying economic opportunities, accelerating housing and removing any roadblocks to implementing the regional plan.

“We’re going to do this properly, with the right resources and ensuring all of our state agencies and Central Coast representatives are at the table to pull this plan together and make it happen.

“Ms Shearer is the perfect choice for this role. Her energy, extensive experience in government and local knowledge makes me confident that the Central Coast community has the right person leading this program of revitalisation.”

Ms Shearer will oversee a whole-ofgovernment working group – which includes the Central Coast Council – and a new Community Consultative Committee whose members are integral to the growth of the region.

The group’s focus will be coordinating NSW Government input into an infrastructure and employment plan, and a housing acceleration plan.

“We want to breathe new life into the centres of Gosford, Wyong and Tuggerah and there are plans for a vibrant new town centre in Warnervale”.

“While supporting the growth of the area, we need to look after the beautiful environment.

“The coordinator general will also ensure the protection of the region’s coastal areas and bush land and the wonderful lifestyle the locals, and visitors, enjoy.”

Mr Roberts said this appointment showed how serious the NSW Government was about promoting the Central Coast and turning it into an economic and tourist powerhouse.

Parliamentary Secretary for Planning and the Central Coast, Scot MacDonald, said:

“I am looking forward to working with Ms Shearer. A strong feeling in the Coast community is the region was ignored under the previous Labor government and decisions have been unnecessarily delayed because of poor leadership and co-ordination. This role is a great opportunity to help prepare the Central Coast for the population growth and economic opportunities as identified in our Regional Plan.”

Following the announcement The Peninsula Chamber of Commerce President, Matthew Wales welcomed the appointment “The new Coordinator General position is a very positive and important step forward for the Central Coast at a time when planning, infrastructure, employment and housing need to be facilitated and championed at the highest level”, he said.

“Our business community has been pushing hard to ensure that the Central Coast region receives the best possible resources and tools to facilitate some of the key infrastructure issues including the redevelopment of the Gosford foreshore accelerating housing growth”.

“The creation of the Coordinators General’s role is timely with the merger of the old Gosford and Wyong Council’s and the upcoming Local Government Elections”, he said.

“This is an important transition period for the region and it makes sense that a Coordinator General be appointed to ensure that the big agenda is pushed along in the interests of the entire Central Coast.

Lee Shearer comes with a wealth of knowledge and experience in senior management and her appointment is seen pivotal in removing roadblocks to progress during this critical transition period,” he said.

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CENTRAL COAST BUSINESS REVIEW MAY 2017

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BUSINESS NEWS

Coast business numbers declining THE AUSTRALIAN BUREAU of Statistics released their latest Counts of Australian Businesses, including Entries and Exits for the period June 2012 to June 2016 which shows the number of businesses in Australia at 30 June 2016.

The data is extensive and covers every Statistical Area in Australia by Industry Division.

CCBR undertook the task of extracting the Central Coast data from the very extensive ABS data set so as to provide a snapshot of the number of actively trading businesses in the region.

This data is available in two forms: By turnover and by employing numbers.

What we have found is that since 2011 the number of businesses in the region, by employing numbers, has actually declined from 22,047 in 2011 to 21,885 in 2016.

Micro businesses on the rise Of interest is the number of non-employing businesses has increased by 648 and the number employing 1-4 employees has also increased by 1,277.

This however needs to be viewed against the background of Business Turnover (see table). 37.8% of all businesses report a turnover of less than $100,000.

Medium and large businesses decline The biggest losers however are those in the 5-19 employing group – down 329 and 20-199 employing group down 296. It is these businesses that are expected to grow and generate employment and their numbers are declining.

The number of businesses in June 2016 by numbers employed are: Businesses

No.

%age

Non-employing

11,889

54.3%

1-4 employees

7,510

34.4%

5-19 employees

2,179

9.9%

20-199 employees

445

2.0%

200+ employees

12

0.05%

Source: ABS and .id – the population experts Comparing the two tables shows the disconnect between business employee numbers and business turnover so need to be evaluated with care.

The three industry categories that are worth more investigation are: Manufacturing Construction, and Accommodation & Food Services Manufacturing Between 2012 and 2016 the number of registered businesses declined from 995 to 897. This reflects the lower number of peoCENTRAL COAST BUSINESS REVIEW MAY 2017

Number of Central Coast businesses by Industry Division by Turnover at June 2016 was: Businesses by Industry Division by Turnover Size Ranges, June 2016

$0 to $49,999

$50,000 to $99,999

$100,000 to $199,999

$200,000 to $499,999

$500,000 to $1.99m

$2m plus

Total

185

75

75

94

63

8

526

19

3

11

9

12

6

51

130

131

156

190

162

121

875

12

6

9

24

24

6

90

Construction

593

896

1,367

1,276

699

208

4,979

Wholesale Trade

122

73

100

165

160

106

695

Retail Trade

211

122

203

278

386

195

1,422

68

84

165

290

268

94

949

281

187

208

215

101

37

995

87

30

47

27

25

0

215

Financial & Insurance Services

872

294

233

175

122

38

1,713

Rental, Hiring & Real Estate Service

645

423

436

335

257

75

2,185

Professional, Scientific & Tech.

645

515

534

571

314

67

2,642

Administrative & Support Services

164

208

209

185

122

45

948

Public Administration and Safety

15

15

12

27

21

9

114

Education & Training

98

69

90

68

49

9

362

200

186

261

386

376

46

1,438

87

63

73

66

27

6

357

140

201

278

300

162

18

1,080

53

89

34

42

25

0

249

4,627

3,670

4,501

4,723

3,375

1,094

21,885

21.1%

16.7%

20.6%

21.6%

15.4%

5.0%

100.0%

Agriculture, Forestry & Fishing Mining Manufacturing Electricity, Gas, Water, Waste

Accommodation & Food Service Transport & Warehousing Information, Media & Telecommunications

Health Care & Social Assistance Arts & Recreation Services Other Services Unknown TOTAL

Source: ABS and .id – the population experts ple employed in the industry from 9,698 to 9,526 in this period.

Construction Between 2012 and 2016 the number of registered construction businesses increased from 4,856 to 5,018.

While these numbers appear high it should be noted that anecdotally most trades people working in the industry are employed on a subcontract basis and therefore must operate as a business.

Even so these numbers reinforce the positive effect that the former Gosford and Wyong councils have had in recent years in approving residential development applications.

The number of people employed in this industry has remained static at 11,343 in 2011 compared with 11,375 in 2016.

Accommodation and Food Services To a large extent this sector reflects the importance of the region’s tourism industry.

The number of registered businesses in 2012 were 831 and this has risen over the past four years to 961 which is a positive result.

The number of people employed has risen to 10,565 from 10,143 in 2012.

Commenting on these statistics Scott Henshaw, Director, Forsythes Human Resources based at Tuggerah said, “The Central Coast has long been recognised as a region made up of predominantly MicroBusiness. The steady increase of these sorts of businesses is not a surprise. The stagnation and lack of growth in the medium to larger business sector is of more concern.

Over the past 5 years we have witnessed several large and iconic businesses leave the Central Coast or downsize their operation. While there are some examples of like businesses taking their place, it has not been enough to fill the void.

As evident in this data, the Central Coast labour market is ever changing and increasingly complex. One thing that these statistics do not measure is market sentiment and business intent. While many businesses speak of challenges, with a degree of pessimism, as many are optimistic about the future and have in place significant plans for expansion and growth.”

M A N U FAC T U R I N G N E W S

A new concept in house building BUILTSMART MODULAR, AN innovative builder from Lisarow is taking manufactured housing to a new level with the introduction of architecturally designed modular buildings that could help solve Australia’s affordable housing problem and a looming housing crisis.

Builtsmart was established four years ago when a local businessman saw statistics coming out of the USA showing that manufactured housing represented 10 to 15 percent of their total housing market compared with only 2 to 3 percent in Australia and saw an opportunity to re-invigorate the traditional pre-fab relocatable home with a new concept of architecturally designed product built from sustainable materials.

The concept is a bespoke designed modular buildings that can be transported and installed in any situation including the new age manufactured housing estates that are now emerging.

Similarly as traditional bricks and mortar retirement villages are increasingly out of reach for many in the population new thinking is looking at ways to create affordable retirement living.

Initially Builtsmart secured a contract to supply, design and build 50 retirement homes for the new Macquarie Lakeside Village at Chain Valley Bay being developed by the ASX listed Ingenia Communities Group. Then, showing the flexibility of the modular building concept Builtsmart was one of the first to develop the modular sales display concept for large apartment complexes in Sydney including the redevelopment of Wollooware Bay for the Cronulla Sharks in South Sydney. This display unit was custom designed to replicate the level of luxury and finish of the apartments when completed and was an award winner with the Urban Design Institute of Australia. It was so successful that several other leading developers engaged Builtsmart to produce display centres for their city based projects.

All are built on site at Lisarow and then split and trucked to their destination.

For Builtsmart the concept takes building to a new level as each product is custom built under cover in their factory in Lisarow.

Costs are therefore controlled as is quality and of course there are no delays due to weather. It also allows for new systems and technologies to tie into the manufacturing process thereby containing costs.

Builtsmart Modular is headed up by General Manager, Adam Farrow, a licensed builder who is also responsible for sales and marketing. Making up the executive team are structural engineer Phil Pike and his wife Lara Pike who has a building science degree and is an experienced project and operations manager. They are supported

A Builtsmart modular home at Ingenia Lifestyle village Chain Valley Bay by about forty full time employees and an additional 25 tradespeople such as plumbers and electricians. A buy local policy ensures that the Central Coast economy benefits significantly from this company’s output. Local professionals such as architects, designers and engineers are also actively engaged wherever possible.

Recently the company was awarded a $6 million contract to supply the Northern Territory Government with affordable housing and the first modules will come off the production line in July and be trucked to Alice Springs. The company has also forged a strategic alliance with the world’s largest resort manager and will shortly commence work on a $20 million facility on the mid north coast of NSW. As contracts such as the above, and more in the pipeline, come into effect the company expects to increase its employment to around 100 FTE people in the next year.

Builtsmart Modular Project Manager, Lara Pike, General Manager, Adam Farrow and Operations Manager, Phil Pike But that’s not all. Builtsmart sees significant export opportunities in the Pacific Rim countries as governments seek to provide affordable accommodation for their population.

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9

10

BUSINESS NEWS

Frogys demolition to start soon PROPERTY DEVELOPER JIAN WANG has announced that demolition of the buildings on his Waterside development site is about to start.

Mr Wang was in Gosford in late April to sign the contract that will see the old Frogys building in Mann Street and the former Junior’s Leagues Club on the corner of Georgiana Terrace and Baker Street come down.

The former County Council building in Mann Street will not be demolished at this stage owing to a heritage order on the façade.

In addition, the open area fronting Baker Street will be cleaned up and debris removed.

The entire site will then be secured to prevent access and make it vandal proof.

Mr Wang’s company Hong Kong Macau Australian Pty Ltd acquired the site in early 2015 and engaged local architects CKDS Architecture to design a 3-tower development which was subsequently approved by the Joint Regional Planning Panel in December 2015.

To be built in stages the development will comprise two towers of 30 levels and a third of 16 levels.

CKDS Architecture’s Paul Jones and Caine King (r and l) with Jun Wang and Jian Wang (centre)

AMS Furniture acquires powder coating business Lisarow based mid-size manufacturer of office furniture, AMS Furniture, has acquired the powder coating business of Elite Powder Coating Pty Ltd to bolster its own internal processes and increase its production capabilities.

Established in 2008 Elite Powder Coating is one of the few commercial powder coating businesses on the Central Coast.

Commenting on the acquisition AMS Furniture Managing Director, Nathan Kennard, said, “we saw an opportunity to add to our production capabilities and also retain local jobs. AMS remains 100% committed to providing Central Coast

jobs, and is passionate about being a responsible, quality employer of choice for skilled staff on the Coast.”

“In addition we see a huge ‘gap’ in the market on the Central Coast for reliable, good quality powder coating and painting, and a need for professional, disciplined service in the industry generally.

As the only industrial coatings provider in the immediate Gosford area, the current Lisarow location is ideally situated to serve many service-based businesses on the coast.”

Rob Hyslop, who has been with AMS for many years, has been appointed

Production Manager and has introduced a number of improvements in streamlining production processes since taking over the business in February 2017.

Mr Kennard said that the medium term strategy is to increase capacity on the powder line, and also to focus heavily on the painting side of the business, where cabinetry, joinery and other industrial services are provided through the wet-spray setup.

AMS Furniture is an evolution of a family business which started in 1969, and has been owned and managed since 2003 by Nathan Kennard and his family.

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BUSINESS NEWS

Gosford-based Central Telecoms are growing fast thanks to NBN SINCE LAUNCHING IN late 2016 Gosfordbased NBN and phone system specialist, Central Telecoms has been busy helping Central Coast businesses migrate from the old Telstra analogue network to new NBN digital world.

Co-Founder and Managing Director Graeme Johnston, a Central Coast resident, said that while other telecoms companies focus on customers in Sydney Central Telecoms is passionate about helping regional businesses navigate through the complicated NBN minefield.

“We aim to be an efficient and ethical telecoms company that makes things happen when others can’t,” said Mr Johnston.

“We are happy to meet and give local busi-

nesses a free 2 week, no obligation NBN trial,” he said.

Mr Johnston quoted an example of where they were able to help the Central Coast Mariners. Due to the incompetence of one of the largest telecoms companies in Australia, the Mariners were without phone lines for six weeks when they moved to their new Mariners Centre of Excellence – it took Central Telecoms just two business days to get them back up and running.

Mr Johnston said that after years of working with one of the largest telecoms companies in the world, we decided that the level of ethics, customer support and localised knowledge was severely lacking.

“No longer should you have to call “1300

Central Telecoms Co-Founder Graeme Johnston Manilla” for a simple billing, service or technical related query. We provide telecommunication services to regional Australian businesses to ensure a swift, simple and transparent transition to the NBN.”

Central Real moves into construction Gosford Property developer Central Real Pty Ltd, the property development arm of businessman Tony Denny, has announced the appointment of two Construction Managers, Sean O’Hara and Dayne Davis.

They join a Development Team headed up by CEO Richard Ellis, Sales and Marketing Manager Michelle Tucker, Development Manager Andrew McSwan, Project Managers Warren Symons and Aidan Kirk and Development Assistant Allanah Gale.

Mr O’Hara has been working in the construction industry for almost thirty years and has extensive national and international experience in a wide variety of projects.

Dayne Davis also has a wide experience in the construction industry. He

was Construction Manager on The Shard project, one of the tallest skyscrapers in Europe.

Commenting on the latest appointments Mr Ellis said that the team has grown rapidly and now has a staff of nine people across Back Row: Sean O’Hara, Andrew McSwan, Ashley Copp, Aiden Kirk, Dayne Davis the disciplines of Front Row: Michelle Tucker, Richard Ellis, Allanah Gale real estate, sales and marketing, developBob Hamilton, Co -Founder of Mirvac ment and project management and and Australian Property Hall of Fame construction. inductee, and Paul Ellis PCE Consulting In addition the team draws on the and former chairman and head of the experience of an extensive network of property division of law firm Mallesons. industry experts that include no less than

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CENTRAL COAST BUSINESS REVIEW MAY 2017

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BUSINESS BRIEFS

Robertson & Robertson moves to the next generation

John Robertson handing the scholarship papers to James Brown Robertson & Robertson was established by John Robertson in 1973 and now employs over 20 valuers who provide an extensive range of specialist valuation services throughout NSW. The company has recently announced a number of changes and initiatives as it moves to the next generation.

To ensure the future of the valuation profession, Robertson & Robertson has

announced the commencement of a University Scholarship scheme for Central Coast school leavers who plan to make a career in valuation. The Scholarship provides a contribution towards university fees and offers part-time employment with Robertson & Robertson whilst studying.

James Brown, a former student of St. Edward’s College, East Gosford, is the first school leaver to receive the Scholarship.

Announcing the inaugural award, John Robertson, said: “We have always attempted to nurture talented young people wishing to pursue valuation as a career. This Scholarship is an initiative designed to encourage local school leavers to join our profession and our company.”

Mr Robertson has also announced his retirement as Chairman of Robertson & Robertson, though he remains a Director.

His eldest son, Scott Robertson, has been appointed as Chairman to lead the company into the future.

Working Commercial appoints In-house Interior Designer

4332 0177

Jenny Darbin

Jenny Darbin has recently joined the team at Working Commercial as their in-house interior designer and project manager.

Ms Darbin is a multi-award winning interior designer and has worked in the building industry on the Central Coast for 20 years.

She had her own successful interior design business for the past 17 years, working in both the residential and commercial sectors.

Her experience spans the aged care, medical and corporate office fitout sectors.

She was approached by Mitchell Walsh, owner of Working Commercial to join their team as in-house interior designer and project manager.

Working Commercial services offer from initial design concepts right through to full project management, fitout and purchase of office furniture for your office, or medical practice fitouts.

King Street Computers has been sold Established for over forty years King Street Computers has been acquired by Central Coast residents Matthew and Vanessa Betland.

Specialising in the club and hotel industry, King Street Computers is a subscription based business offering software modules to its client members for payroll, general ledger, poker machine analysis, asset register, ticketing, liquor stock and club membership etc.

Established by Michael O’Neill who died suddenly last year the business had been operated by his stepson Grant Fitzgerald, who had worked in the business for the past ten years, pending the sale of the business.

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CENTRAL COAST BUSINESS REVIEW MAY 2017

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BUSINESS BRIEFS

The business was listed with Graham McMullen from Argyle Estates Business Brokers on the recommendation of the Estate’s accountants and solicitors.

Mr McMullen said that the business could be located anywhere in the world as all the support staff are home based and can simply dial into a client’s computer.

Kennedy Barnden add partner

McGrath Stock feed at Tuggerah has been sold.

Kennedy Barnden partners, Martyn Kennedy, Tammy Barnden and Peter Cross Established forty years ago by Merv McGrath and his wife Toinette McGrath Stockfeeds has been sold.

Located in Lake Road Tuggerah on an acre of land with 700 sqm building the business specialises stock feed and animal products.

With a multi-million turnover that continues to grow Graham McMullen from Argyle Estates Business Brokers who negotiated the sale said that he had been swamped with enquiries and the ultimate buyer Harris Prasad was the person the McGraths’s wanted to sell their business to.

A 20 year lease on the premises was negotiated with Mr Harris, with a first right of refusal to purchase the property in the future.

Erina Heights based Chartered Accountants Kennedy Barnden have announced the admission of Peter Cross to the firm.

Mr Cross joined the firm in 2006 as a trainee subsequently graduating from University of Newcastle with a Bachelor of Management degree in 2008.

He moved to Canberra in 2009 working at The Treasury. However, disillusioned with politics and the public service, he returned to the Central Coast and rejoined his old firm.

In 2011 he was admitted as a Member of the Institute of Chartered Accountants. He was appointed Senior Manager in 2014 the same year he gained his Masters of Applied Taxation.

Tammy Barnden said Mr Cross will assist in strengthening the firm’s capability as a full service advisory firm.

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14

BUSINESS NEWS

No dredging a threat to business

Etalong channel and entrance to Brisbane Water THE PENINSULA CHAMBER of Commerce has criticised all levels of government for the lack of action on the dredging of the Ettalong Beach channel which now has the potential to impact on local businesses.

“The lack of action by both the NSW State Government and the Central Coast Council over the dredging of the channel now has the potential to seriously threaten local businesses particularly those in the tourism sector”, said Chamber President Matthew Wales.

“With Palm Beach Ferries threatening to shut down services due to grounding of vessels, you have to wonder why it is taking so long for Council and the Government to sit round the table and sort out a long term plan,” he said.

“The Chamber understands that Council is formulating a dredging budget and have completed a series of studies, but the business community needs to understand the available budget allocations and timing for any future dredging”.

“Our concern is that dredging could be up to 12 months away which is of little help to Palm Beach Ferries and local businesses who will be impacted if the link to the Northern Beaches gets swallowed up by sand”.

“The Chamber is calling on the NSW State Government and the Council to hold a meeting with key stakeholders so that all who are impacted by the dredging issue can discuss the options in an open forum”, said Matthew Wales.

“At the moment, there is so much conflicting information that it is hard to see a

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clear way forward. No one can afford for the Ettalong Channel to get any worse. That includes Palm Beach Ferries, recreational boat users, commercial fishermen and the business community”, said Mr Wales.

Commenting on the condition of the Channel. Koolewong Marina owner Les Binkin said, “After investing heavily to build Koolewong Marina, any restrictions to navigation for vessels entering or leaving Brisbane Water is of great concern to the future of our investment.”

When he and his business partner Symantha bought the now Koolewong Marina site three years ago the channel wasn’t in bad shape.

Now the marina is built and open for business it is of great concern if it is potentially restricted from the outside world. “Brisbane Water is a relatively small waterway and relies heavily on outer area vessels being able to come and explore the waterway, but also local vessels must be able to leave safely to navigate other coastal waterways around the Coast,” he said Koolewong Marina’s approval with NSW State Government is for vessels of a size that could ground if the channel is not maintained to minimum depths. This would lead to lower visitations to the marina and could even prevent local residents from purchasing boats. This then has a knock on effect to the Marina’s onsite restaurant, boat broker and many other subsidiary marine businesses throughout the Gosford, Woy Woy and Central Coast areas including other signature tourism venues.

“There should be some obligation from Crown Lands and Central Coast Council to reinvest our rent and taxes they receive from businesses like Koolewong Marina back into the channel that drives our income to pay their rent,” said Mr Binkin.

PROPERT Y NEWS

Denny gives a lesson in residential development

Living and dining area at Scenic, 801 Donnison Street, Gosford West HE MAY HAVE made his fortune selling cars in Eastern Europe but Gosford Classic Car Museum owner turned property developer is showing the old hands in the property market that well located quality residential developments can command a premium price.

Since returning to Australia and the Central Coast three years ago Tony Denny has enthusiastically moved into the property market buying up development sites in top locations, getting a strong team behind him and proceeding to build – all under the name Central Real.

Right now Central Real have five developments either underway or about to be launched and where their marketing campaigns have started they are achieving knock out prices.

First to come to market was VUE at 18 Kendall Street, Gosford which comprises 54 units and came to market in September 2016.

Within a few months all had sold at prices from $380,000 to $889,000. Local builder JBP Constructions were appointed builders and completion is planned for May 2018.

Construction has also started on MARINA with 29 units in Lynne Avenue, Point Frederick near the Gosford Sailing Club.

Nearly all units in this development have sold at prices from $590,000 to $1.55 million.

Completion date for this project is late 2018.

SCENIC a development in Donnison Street, West Gosford taking in all of Brisbane Water, with 33 units was put on the market in late 2016. Within days the 350sqm penthouse sold to a Sydney couple for $1.6 million – a record for Gosford. All 33 units have sold at prices starting from $399,000 for a 1 bedroom apartment with study.

Construction is about to start on this project.

Other projects at various stages of development include: ICON at 4–8 Kendall Street, Gosford a 58 unit development that will overlook Brisbane Water. Marketing will commence at the end of May. ELYSIUM, on the former Country Comfort Motel site at Terrigal, will go to market within the next month and construction is planned to commence late 2017. This Image Marina, Lynne Street, Point Frederick development will comprise 64 units in six individual buildings with pool Frederick. Plans are in Council for a 101 and gardens. apartment complex in three buildings. 142Michelle Tucker Sales Manager for Central 144 Albany Street, Point Frederick. Plans are Real said that there has been unprecedentalso in Council for a 45 unit development. ed interest in this development.

Asked what is behind the successful marketing of these projects Ms Tucker said, “It is all about providing a quality product to our buyers along with an attractive lifestyle. We spend many months in design phase ensurwhere it’s needed most ing our apartments provide liveable spaces and we have been able to offer some of the best water views Gosford has ever seen. Our marketing campaigns are well planned and comprehensive, offering attractive incentives to sectors of the market such as first home buyers and downsizers. Central Real have a long term vision to develop quality real estate on the Central Coast therefore obtaining and maintaining buyer confidence is of the utmost importance to us.

Please donate now Meanwhile, Central Real has three more developments in the pipeline: 6-10 St. George Street, West Gosford. This 1 3 S A LV O S site has development approval for 60 apartS A LV O S . O R G . A U ments. Cnr Albany and Duke Streets, Point CENTRAL COAST BUSINESS REVIEW MAY 2017

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PROPERT Y

COMMERCIAL AND INDUSTRIAL PROPERTY FOR SALE/LEASE

KINCUMBER - INDUSTRIAL WITH OFFICE SET UP

Features; 142m2 (approx) factory that has been converted to office space. 2 Large show rooms/ meeting rooms & 2 separate offices. New reverse cycle air-con system. Renovated bathroom with toilet & shower. Well-presented kitchenette. Parking for 3 cars. Security gated premises.

FOR LEASE $34,000G/pa + GST

WELL PRESENTED PROFESSIONAL ROOMS!

Come & set up a practice here. 5 consulting rooms + reception. This space is located on a busy main road & has a shared waiting room with a dentist. There is off street parking & its ready to move straight in to now!

FOR LEASE $33,000Npa + GST

WYONG - THE ONLY IN1 INDUSTRIAL BLOCK FOR SALE

Located in North Wyong Industrial Estate. Level 1/2 acre IN1 Industrial block. Substantially improved with all weather compacted surface. Perimeter chain wire fence. The only industrial block currently for sale in this area so don’t hesitate!

FOR SALE $495,000

AMAZING LARGE, PRIVATE ERINA OFFICE!

This quality, unique ‘shop - top’ office has a private entrance & is set above an industrial complex right in the heart of Erina. Purchase or lease at a fraction of the price of comparable space - approx 156m2 total area, consisting of 112m2 of internal area including full kitchen plus approx 44m2 of open & covered balcony areas.

FOR SALE $449,000 / FOR LEASE $35,000Npa + GST

TUGGERAH - PRIME LOCATION QUALITY RETAIL OR OFFICE WITH PARKING!

This large, quality retail or commercial office property is formatted with approx 464m2 of NLA including 337m2 ( approx ) on the ground plus 127m2 ( approx ) of high clearance mezzanine office/retail space and private amenities.

CALL & INSPECT NOW! FOR LEASE $84,000N/pa + GST

WEST GOSFORD COMMERCIAL KITCHEN!

This fully operational commercial kitchen is located within a warehouse of approx. 160m2 includes office approx 30m2 plus storage mezzanine approx. 20m2. Coldroom, freezer, 2 x food preparation areas. Bottled gas & 3 phase power with outlets in both preparation areas.

FOR LEASE $525N/pw + GST

502 SCENIC DRIVE, DOYALSON FOR SALE BY EXPRESSIONS OF INTEREST

THE COMMERCIAL AND INDUSTRIAL SALES, LEASING AND PROPERTY MANAGEMENT SPECIALISTS.

Rare opportunity to secure a prime position within the tightly held Doyalson Industrial Estate! Located on Scenic Drive only 450m (approx) from Pacific Highway. The property features a 486m2 (approx.) freestanding industrial building on a 6,035m2 parcel of IN1 General Industrial zoned land. Passing income from a lease over a small portion of the site. Great opportunity for an investor, an occupier or ripe for redevelopment. Enquire now to express your interest and secure this outstanding property!

Operating in Gosford CBD since 1984, Citicoast Realty has a long history of delivering sound advice and reliable, friendly and efficient service.

RETAIL SHOP IN CRESTHAVEN SHOPPING CENTRE FOR LEASE

Shopping Centre consists of IGA Supermarket, BWS, Fruit & Veg, Baker, Chemist and Pizza Hut. Ideal location for medical practice. 190m² retail shop available now.

Ph 4324 1322

SUITE 1.1/91-99 MANN ST, GOSFORD FOR LEASE: ALL OFFERS CONSIDERED!

to discuss your property requirements

352m2 quality first floor office on prominent corner in Gosford CBD. Limited space available in high profile building - current tenants include NIB, Ability Options, Solicitors and Retire Invest. Secure car parking at rear of building, lift access, disabled toilet, air conditioned, carpeted, NBN ready. All Offers Considered! Call now!

87 Mann Street, Gosford NSW 2250

www.citicoastrealty.com.au

UNIT 13/15-17 ACE CRESCENT, TUGGERAH FOR LEASE $19,500 + OUTGOINGS + GST

Great Unit 164m² including 31m² mezzanine office, regular shape, high internal clearance and roller shutter, amenities, shower, kitchenette and three allocated on-site car spaces. Available now.

Get results!

PROFESSIONAL FIRST FLOOR OFFICE – ERINA FOR LEASE $57,000 NET + GST

200m², well presented and fitted out with 8 partitioned offices, open plan space, boardroom, and kitchenette and storage area, commercial grade carpet and ducted air conditioning throughout.

Solar power connected, car parking and prominent signage opportunities available.

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Prices shown with * are inclusive of GST.

For further information phone 4367 0733 or email info@ccbusinessreview.com.au

4325 0208

WEST GOSFORD - FOR LEASE

Industrial zoned unit (IN1) approx 220m2 high clearance warehouse + 42m2 of a/c reception area & amenities. Upstairs boardroom, office & drawing room, approx 42m2. 3 allocated parking spaces plus exclusive parking area in front of roller door.

FOR LEASE $585 pw + Outgoings + GST

83 MANN STREET, GOSFORD 2250 www.chapmanfrazer.com.au

LISAROW - FREESTANDING INDUSTRIAL PROPERTY WITH CONCRETE YARD

Approx 2029m2 of industrial land. 612m2 of high clearance industrial space. 2 container height roller shutters & admin area. 103m2 of undercover loading bay. 3 phase power & ventilation, amenities, kitchen, security fenced & gated site with concrete hardstand.

Truck access, ample onsite & street parking.

FOR LEASE $60,000N/pa + GST

VACANT LAND WARNERVALE

Large level block ready to build on. 5,483m2. One of the last industrial blocks left once its sold there won’t be another! Great location virtually on the freeway off ramp. Motivated owners willing to meet the market - Don’t Hesitate!

MAKE AN OFFER!

QUALITY OFFICE & WAREHOUSE - TUGGERAH!

With great street exposure, this property is an amazing opportunity for a range of businesses.

4,478m2 (approx) of high clearance warehousing, 383m2 (approx) of two level executive office space & 117m2 (approx) of mezzanine space. Zoned B7 (Business Park) with plenty of on-site parking.

FOR LEASE $535,000N/pa + GST

FLEXIBLEAREAS&GROSSLYDISCOUNTEDRENTALRATES

Opportunity of a lifetime to secure a quality industrial property with excellent access & parking in the IN1 zone. The available building areas consist of approx.

3,000 - 4,650m2 of warehouse/factory area, up to 300m2 office, set on approx. 2.08Ha of land.

FOR LEASE FROM $200,000N/pa + GST

FOR SALE/LEASE

39 Advantage Avenue, Morisset

2/1 Reliance Drive, Tuggerah

$2.95 Million/ $257,040 per annum + outgoings + GST • • • •

Freehold industrial opportunity in tightly held area 8.7% return Office and caretakers residence 2 x warehouses totalling 2,160m² plus 10 tonne travelling crane & clear span design

Brad Rogers

CENTRAL COAST BUSINESS REVIEW MAY 2017

FOR SALE/LEASE

0459 921 122

$1.2 million + GST/ $105,000 per annum + GST • • • •

Large foyer with ground and 1st floor offices Kitchen, amenities and boardroom High clearance warehouse Located close to Wyong Rd, Tuggerah Straight, Enterprise Drive and the M1

Brad Rogers

0459 921 122

PROPERT Y NEWS

Construction underway on Atlantis Ettalong Beach Investor buys Umina Beach retail on 4.8% yield

Image of Atlantis at Ettalong Beach now under constuction CONSTRUCTION HAS STARTED on first major property development at Ettalong Beach since the Ettalong Memorial Club and Mantra Hotel development in 2005.

Atlantis is being constructed on a 2,352 sqm site opposite the Ettalong Club and Mantra Hotel on the corner of Memorial Avenue and The Esplanade overlooking the entrance to Brisbane Water.

Acquired by Sydney developer Mars Property Group in September 2015 for $7 million the seven level development will comprise 59 luxury apartments plus ground floor restaurant and seven retail shops with basement car parking. The project has been designed by Sydney architects CDA Architects and is being built by Sydney builder Deicorp Pty Ltd. The project is planned for completion in mid-2018. Ettalong Beach real estate agent Helen Hughes, who is Marketing Agent for

Atlantis, reports that sales of apartments are progressing ahead of expectations.

Eighteen residential apartments remain to be sold while seven retail spaces are yet to be leased.

Ms Hughes said that all seven 1-bedroom apartments had sold at prices from $500,000 to $650,000. Of the 44 2-bedroom apartments 30 have sold at prices from $600,000 to $895,000 while only twenty of 24 3-bedroom apartments have sold at prices from $825,000 to $900,000.

The developer, Mars Property Group and builder Deicorp Pty Ltd will retain the two penthouse apartments for their own use.

Commenting on the development Peninsula Chamber of Commerce President, Matthew Wales, said “The Atlantis development will be a signature development on what is arguably one of the best beachfront commercial sites on the Central Coast.”

An investor has paid $1.2 million (GST not applicable) for a retail investment at 310 West Street, Umina Beach providing an initial yield of 4.8%.

The property on a 310 sqm site with 10 metre frontage is currently leased to a newsagent with lease expiring in September 2019 and no option period.

The property was last traded in 2004 for $825,000 (Source: RPData).

The sale was negotiated by Andrew Dunn from Raine & Horne Commercial Erina in conjunction with Tom Tregent from Raine & Horne Umina Beach.

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Ideally located on the Pacific Highway within the established Tuggerah Straight Commercial Centre, these Specialist Medical & Professional Suites are perfectly situated.

Neighbours include Healthscope Medical Centre, PRP Radiology, Pathology, Sports & Spinal Physiotherapy, Chiropractor, Dentist, Psycologists & more.

With a variety of suites available and plenty of parking, opportunities include both ground floor and level 1 suites.

Tuggerah Medical & Professional Rooms range from 13m2 to 24m2 and start from as little as $1,250 per month +GST. Level 1 accessed via lift or stairs hosts suites from 59m2 with the East Wing Professional Suites ranging from 73m2 to 103m2 there is a size to suit a variety of Professionals including Medical, Financial, Legal etc...

Other tenants include BCF, Super Cheap Auto and Romi’s Café and make this an ideal location with plenty of parking.

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Features include • Flexible lease terms • Very Competitive rentals • Excellent parking • Air-conditioning • Carpets, kitchenette • Balcony access for most suites

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CENTRAL COAST BUSINESS REVIEW MAY 2017

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PROPERT Y NEWS

Local investor buys North Doyalson development site

LEASINGS

Thai restaurant leases Umina Beach shop

Qantas leases Gosford space for contact centre

A local investor has paid $750,000 plus GST for a 3.8 hectare development site at 245 Pacific Highway, Doyalson North.

The property is zoned RU6 Transition.

It was previously traded in 2005 for $565,000 (RPData).

Mark Davies from McGrath Central Coast negotiated the sale.

Qantas has leased a 545 sqm office space on Level 2 (top floor) at 19-21 Watt Street, Gosford for use as a contact centre.

Terms of lease are 5 years with no option at a rental of $222 per sqm per annum plus outgoings.

Geoff Tilden from Raine & Horne Gosford negotiated the lease.

Thai Season Restaurant has lease a 80sqm restaurant at 346 West Street, Umina Beach.

Terms of lease are 3 years with 3 year option at $29,455 per annum including Outgoings plus GST. The lease was negotiated by Madeline Stephenson from Stephenson’s Real Estate Umina Beach.

Sydney investor buys Berkeley Vale property A Sydney investor has paid $650,000 (GST not Applicable) for a retail shop with first floor flat at 156 Lakedge Avenue, Berkeley Vale.

The property is currently leased as a coffee shop at an annual rental of $20,790 plus GST and Outgoings on a 3 x 3 year lease commending November 2015. The property also comprises a vacant upstairs residence which Chris Watson from Chapman & Frazer Real Estate negotiated the sale

Magnamail leases in Gosford CBD One of Australia’s best known mail order brands, Magnamail, has leased Suite 5 of 227 sqm on Level 1, 153 Mann Street, Gosford.

Terms of lease are 3 years with 3 year option at a rental of $30,645 per annum including Outgoings plus GST. Dan Mason from Chapman & Frazer Real Estate negotiated the lease.

Occupational therapist leases at Erina A physiotherapist has leased Suite 7 on the ground floor at 40 Karalta Road, Erina.

Terms of lease for the 104 sqm space is 14 months with no option at a rental of $24,000 per annum including Outgoings plus GST. Dan Mason from Chapman & Frazer Real Estate negotiated the lease.

Cycle shop relocates at Umina Beach

Investor buys Gosford office suite A local investor has purchased Lot 26 a commercial office space comprising 3 suites on Level 3 at 153 Mann Street, Gosford paying $505,000 (GST not Applicable).

One tenant part way through a 3-year lease, the second tenant is on an expired lease and the third suite is vacant.

Dan Mason from Chapman & Frazer Real Estate negotiated the sale.

Printer buys North Wyong industrial site A local printer has paid $470,000 plus GST for Lot 503 Naples Place, North Wyong a 3,031 sqm level industrial block with plans for future expansion.

Zoning is B6 Enterprise Corridor Mark Davies from McGrath Central Coast negotiated the sale

GOSFORD

RAW DEVELOPMENT SITE

64 BEANE STREET, GOSFORD NSW

Peninsula Cycle Centre has relocated and leased Shop 1, 350 West Street, Umina Beach, a 76 sqm retail space.

Terms of lease are 3 years with 3 year option at a rental of $26,072 per annum including Outgoings plus GST. The lease was negotiated by Madeline Stephenson from Stephenson’s Real Estate Umina Beach.

• Large site area 4,743 sqm* • Potential for multi unit development (up to GFA 7,115 sqm)** • Superb location 700 m walk to Gosford Station (10 min) and 800 m to Gosford CBD • Zoned R1 - Gosford LEP - Clause 8.3** • 300 m to North Gosford Private Hospital • Near to schools, shops & Wyoming Commercial Centre *Approx. **Subject to Council Approval

EOI CLOSES 3PM THURSDAY 18TH MAY 2017 (unless sold prior) Exclusive Co-Agents Brian Crawford Godfrey Franz 0430 354 050 0425 293 999 Stephen Wan 0414 263 366

CENTRAL COAST BUSINESS REVIEW MAY 2017

RESIDENTIAL PRESTIGE PROPERT Y REPORT

Record price for coastal retreat

Seaside home for sea changing family

The property: 26 North Avoca Parade, North Avoca. This 4-bedroom beachfront home with adjoining 2-bedroom street front flat is on a 620 sqm level site in one of the most prestigious locations on the Central Coast.

The beachfront residence features 2 upstairs bedrooms both with ensuite and 2-bedroms downstairs with a third ensuite and extra bathroom. Space expanding rolling glass doors run the length of the upstairs living area.

The price: $4.6 million the highest price paid for a Central Coast beach location.

According to RP Data the property last traded in 2015 for $4.25 million.

The property: This 4-bedroom contemporary home has a commanding view of the Pearl Beach Hinterland from several large balcony and covered outdoor entertainment areas while being a short walk to the beach.

The price: $1.275 million The buyer: A Sydney family looking forward to making a sea change.

The sale: The property was on the market for 9 days and sold by private treaty. It was marketed using PRD Ettalong’s Prestige Property Marketing Strategy The agent: Stuart Gan from PRDnationwide Ettalong Beach

The buyer: A Sydney businessman.

The sale: The property was on the market for 45 days and saw a large number of enquiries and inspections.

The agent: Shaun and Kristy Hudson-Smith from Ray White Terrigal.

FOR SALE

Spectacular 5 Bedroom North Facing Waterfront Apartment!

BLACKWALL 2/500 Orange Grove Road This 5 Bedroom 2 bathroom waterfront apartment has stunning water views and can be separated into two bedroom downstairs and three bedroom upstairs both self contained.

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CENTRAL COAST BUSINESS REVIEW MAY 2017

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BUSINESS TIPS

Are you using your financial data to minimise tax?

By Troy Marchant, Director, Robson Partners Chartered Accountants

HOW OFTEN DO you look at your profit and loss? Do you know what the ‘bottom line’ is and are you tracking it at this time of year to forecast your tax liabilities and at the same time, implementing legal strategies to minimise your exposure?

At this time of year, it is imperative that you forecast your 30th June 2017 financial result and discover what this means from a tax perspective.

If you are using XERO, to keep up to date, this should be a relatively easy exercise.

Which brings me to my next question: are you making enough money?

If you’re not making the money you would’ve hoped, you need to take corrective action quickly. This will involve looking at strategies that drive key actions which ultimately result in better financial performance.

If you’re not looking at your numbers weekly, by the time your accountant or bookkeeper has delivered the news it may be too late.

So it’s important to have a weekly financial management pack that keeps you on track. Think about it: every major business has a finance team which delivers the financial result weekly and at worst, monthly.

Your accountant can help set it up, but ultimately it’s about discipline and you, as a business owner, taking the time to review the business numbers: and I am not just talking about the bank balance.

That’s the first thing you can get from a Profit and Loss Statement, but it’s by no means the only thing.

Here are some other insights you can gain by regular financial review: • Are your sales levels acceptable?

• Is your gross profit percentage in line with industry averages or the ATO benchmarks?

• Are your wages as a percentage of sales in line with industry averages or the ATO benchmarks?

• Are any other large expenses as a percentage of sales too high?

• Are you spending too much?

• Does something seem odd?

• Are you getting enough from your marketing spend?

• Are your finance costs too high? Do they need a review?

• Are there any assets that can be written off?

• Do you need to make investments in technology and process?

• Is it time for a rent review?

• Is your business helping you achieve your financial goals?

• Is your pricing right?

• Are you missing out on cross-selling opportunities?

• Do you all your staff “do the business” the same way?

• Is it possible that fraud exists in your business?

• Are you carrying too much stock?

XERO can provide much of this data in a couple of clicks Again, it might be helpful to have a chat with your accountant and tell them what information you would love to be able to extract from your XERO software.

So here’s my advice: ask your accountant “How should I be using my Profit and Loss before the end of the financial year to save on tax?”

If you’re not proactive, there’s a fair chance you’ll be paying too much tax.

Musings of a Business Advisor

By Dr Brian Freeman, Business Advisor The Business CentreHunter and Central Coast TWO COMMON FAILINGS I have seen in businesses are “Operational blindness” and “Complacency”. These can be mutually exclusive to a business or are acting together.

Operational blindness is, in my experience, very common. This can apply to some or all facets of a business’s operations.

Businesses need systems to operate and to develop a presence in the market.

Unless these systems are challenged by the owner or CEO on a regular basis there is the risk that more current and more efficient systems are overlooked.

CENTRAL COAST BUSINESS REVIEW MAY 2017

With the advent of e-commerce competition will challenge most businesses and may well reduce the all-important profit margins. Where price competition is strong the only avenue of protecting, margins is by minimising costs, especially fixed overheads. Thus, the management systems become critical. Business owners who believe that their systems work just fine, or who are unable to see how things could be done differently could be said to have operational blindness.

Often this is the lack of knowledge of what alternate systems are on offer, or do not know how to be self-analytical re their business operations systems.

Therefore, the engagement of a proactive accountant can pay dividends or the engagement with a knowledgeable business advisor.

Typical examples include accounting systems, overstaffing to check paperwork that could all be done on-line, invoicing systems, office procedures and office staff work descriptions. Cross training is a good way to reduce staff overload.

Whatever your system- take the time to have it reviewed. It will most likely save a lot of recurring fixed costs Complacency is more than often with a business that has a long history in the community. Classic examples include The Encyclopedia Britannica and Kodakboth of which believed that their business model was infallible. Likewise – even the small community service provider that everyone knows cannot afford to be complacent. To do so will inevitably result in unforeseen competition or a change in technology that will render them obsolete or cause them to downsize and eventually fail.

A successful business will allocate time and resources to regularly challenge their business model, their target market, their systems and their place in the business community. We are in the age of digital disruption and most businesses need to regularly monitor their operational systems in the context of how they approach their market and how they deliver their goods and services to their target market.

BUSINESS TIPS

ADVICE Worker unfairly dismissed despite “crude” Facebook post MPLOYERS

ur arge can anage rce, r trade reduce s comp

By Warwick Ryan, Partner, SWAAB Attorneys

ck Ryan com.au THE RECENT CASE in the Fair Work

Commission of Colby Somogyi v LED

s Technologies Pty Ltd is a useful reminder of um Building, the steps an employer must take to avoid a RINA NSW 2250

finding of unfair dismissal.

So often in cases before the Commission, there is no doubt that an employee has behaved badly. However, owing to the fact that the employer has not followed correct procedures in dealing with the behaviour, the Commission finds against the employer and orders that they pay compensation and (in some cases) that the employee be reinstated in their former role.

In Colby Somogyi v LED Technologies Pty Ltd, travelling salesperson Mr Somogyi was dismissed for putting a post on Facebook during work hours which suggested that a woman at his mother’s workplace had provided sexual favours to her boss to win promotion (“how much of the boss’s c**k did you suck?”).

This post was seen by a number of employees in Mr Somogyi’s own workplace who brought it to their Managing Director’s attention. The MD promptly fired Mr Somogyi by telephone call.

In finding that Mr Somogyi had been unfairly dismissed (and awarding him $6,000 compensation) the Fair Work Commission noted that there was no evidence that Mr Somogyi had been provided with a copy of the company’s social media policy (which outlawed social media posts during work hours).

It also placed great weight on the fact that Mr Somogyi had not been given any real opportunity to address the findings against him before a decision to dismiss had been taken (the telephone call where

he was dismissed lasted only about a minute).

The case illustrates a couple of important points: Firstly, whilst workplace policies are very important, they are worth very little if they are gathering dust on a bookshelf or hidden away in the depths of your intranet. Employees should be regularly reminded of the contents of policies and the employer should keep records that they have been read and understood and (in appropriate circumstances) training should be given in relation to them.

Had the employer in this case been able to show that Mr Somogyi was aware of its policy on social media not being used during work hours, the result might have been different.

Secondly – and this point arises again and again – it is essential that before a decision is taken to dismiss an employee they are given an opportunity to address the allegations against them. Without evidence of giving an employee a “fair hearing”, a finding of an unfair dismissal is very likely to follow.

EDGAR ADAMS

the voice of business on the central coast

Advertising is an investment in your business.

It’s our business to help you with your business.

Call Edgar Adams 4367 0733 | edgaradams@ccbusinessreview.com.au | www.ccbusinessreview.com.au CENTRAL COAST BUSINESS REVIEW MAY 2017

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FUNNY BUSINESS

EARLY ONE MORNING, a mother went in to wake up her son. “Wake up, son. It’s time to go to school!”

“But why, Mother? I don’t want to go.”

“Give me two reasons why you don’t want to go.”

“Well, the kids hate me for one, and the teachers hate me, too!”

“Oh, that’s no reason not to go to school.

Come on now and get ready.”

“Give me two reasons why I should go to school.”

“Well, for one, you’re 52 years old. And for another, you’re the Principal!”

Married couples, both 60 years old, were celebrating their 35th anniversary. During their party, a fairy appeared to congratulate them and grant them each one wish. The wife wanted to travel around the world. The fairy waved her wand and poof -- the wife had tickets in her hand for a world cruise.

Next, the fairy asked the husband what he wanted. He said, “I wish I had a wife 30 years younger than me.” So the fairy picked up her wand and poof -- the husband was 90.

“Do you believe in life after death?” the boss asked one of his employees. “Yes, sir,” the clerk replied.

“That’s good,” the boss said. “After you left early yesterday to go to your grandmother’s funeral, she stopped in to see you.”

A policeman brought four boys before a judge. “They were causing an awful lot of commotion at the zoo, your Honor,” he said.

“Boys,” said the judge sternly, “I never like to hear reports of juvenile delinquency. Now I want each of you to tell me your name and what you were doing wrong.”

“My name is George,” said the first boy, “and I threw peanuts into the elephant pen.”

@OrganiseInt

info@organise.net.au

CENTRAL COAST BUSINESS REVIEW MAY 2017

“My name is Pete,” said the second boy, “and I threw peanuts into the elephant pen.”

“My name is Mike,” said the third boy, “and I threw peanuts into the elephant pen.”

“My name is Peanuts,” said the fourth boy.

The manager of a large office asked a new employee to come into his office. “What is your name?,” was the first thing the manager asked. “John,” the new guy replied. The manager scowled. “Look, I don’t know what kind of a namby-pamby place you worked at before, but I don’t call anyone by their first name! It breeds familiarity and that leads to a breakdown in authority,” he said.

“I refer to my employees by their last name only - Smith, Jones, Baker - that’s all.

Now that we got that straight, what is your

last name?”. The new guy sighed and said, “Darling. My name is John Darling.” The manager said, “Okay, John, the next thing I want to tell you...”

Q. When does a job get finished in Government?

A. When it can no longer be postponed.

Quote of the month “The future depends on what we do in the present. “

Mahatma Gandhi

Partner 4325 9862

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