Central Coast Business Review

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Print Post Approved – PP100001854

Vol 28 October 2019 Published monthly (except January)

The Protective Group Craig Gibbens, James Gibbens & Samantha Swan Construction starts on Medical School and Research Institute Coast builders clean up at Newcastle MBA Excellence Awards

Page 9 Edgar Adams’ Editorial Who are we?

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Cover story

13 Ettalong tenanted investment sold on net yield of 6.33% 13 All sold at 12 Pioneer Ave Tuggerah Business Park

and Research Institute 8 Scape wins with Lake Macquarie Council project

9 100% settlement on Central Coast

15 Mind your Business – Business Health Check 15 Employee Classifications: A difficult task made slightly clearer by the

bucks national trend

Federal Court

10 Concept plans for a state-of-the-art hospital unveiled 10 Michael Cassel appointed to new State Government role 11 Helen Hughes Property appoints Strata Manager 11 Burbank Nursery buys into Erina Heights

Contact

Front cover: Craig Gibbens – Photo: Jeff McGarn

14 Residential Prestige Property Report

8 Coast builders clean up at Newcastle MBA Excellence Awards

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for sale / lease

Business news 7 Construction starts on Medical School

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12 Commercial and Industrial property

4 The Protective Group – Craig Gibbens, James Gibbens and Samantha Swan

Read ersh ip

Regular features 6

Edgar Adams’ Editorial

Who are we?

11 Business briefs 12 Property news 15 Business tips

Hear Edgar Adams’ business comment 8.10am each Monday.

Also follow us on Facebook and Twitter

Central Coast Business Review 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

CENTRAL COAST BUSINESS REVIEW OCTOBER 2019

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COV ER S TORY

The Protective Group – Craig Gibbens, James Gibbens & Samantha Swain By Phaedra Pym THINK OF A steel fence surrounding anything from an airport to a new infrastructure project, bridge, farm or railway line and chances are it was manufactured right here on the Central Coast by the Protective Group. As a leading Australian manufacturer and supplier to the fencing and wire mesh markets in the Asia Pacific region, the Group, which today is led by fourth generation Gibbens family members, has thrived over the past 44 years in an industry fraught with challenges, most notably the constant battle to find innovative ways to compete against cheaper imports. Their success and continual growth are the result of numerous factors, including a strong leadership team, exceptional workplace morale, an unwavering commitment to their customers, diversification, quality Australian made products, end-to-end production and distribution control, and the strategic decision to focus on a niche market that gives them a distinct competitive advantage. As leaders in the high security fencing industry, the Protective Group has set the benchmark high and is now steering the way forward in the development of new Australian standards that will strengthen our nation’s security. This is a story of family succession and business triumph in Australian manufacturing.

While the Protective Group began its journey in 1975, the Gibbens family history in the Australian wire based manufacturing industry dates back much further. Craig Gibbens, who led the first arm of the Protective Group, Protective Fencing, is the grandson of Matthew George Gibbens, who, in 1907, was an apprentice at Australia’s first wire spring making factory and later started a spring manufacturing business at Camperdown.

George (Craig’s father) joined the business and within a few years had begun producing his own machines. He then started his own business to export machines, which began to attract a global market. In 1968, George purchased five acres of land in West Gosford on the back of the state government’s business decentralisation incentive scheme and relocated to his newly built premises the following year. Craig joined the family business in 1974 (his older brother, Greg, was already onboard) and commenced his fitting and machining apprenticeship. A year later, Protective Fencing Pty Ltd was formed with Craig at the helm. He said, “I decided to go into wire mesh production because it was something new and, as the family had been in the wire manufacturing business for more than a generation, I knew we had the knowledge and experience to take it on at a time when demand was high and few were doing it.”

A staunch supporter of the Australian made ethic, Craig formed a strong strategic alliance with BHP as their major supplier in the early years and the company has stayed firm to this value ever since with only a small percentage the wire they use today imported.

Protective Fencing began with one chain link wire making machine, two employees and Craig working the machine, quoting, taking orders, manufacturing the product, delivering the rolls of wire fencing and even

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erecting the fences until he had sufficient work to subcontract out the installation process. Building an easy rapport with customers, Craig quickly identified a need to offer the complete fencing package. So he began manufacturing the posts, gates and other accessories to accompany the wire mesh.

Reputation of Craig’s quality products and service grew rapidly and soon he was asked to supply fencing companies throughout NSW as well as direct to consumers. A key milestone in the evolution of the company occurred in 1991 when Craig purchased Protective Fencing from his father’s holding company and by 1995, the company had grown eight-fold. A staunch supporter of the Australian made ethic, Craig formed a strong strategic alliance with BHP as their major supplier in the early years and the company has stayed firm to this value ever since with only a small percentage of the wire they use today imported.

At a time when many Australian manufacturers were moving their operations overseas, Craig saw no reason to leave the Central Coast. Having outgrown the West Gosford premises by 2001, he purchased land in the Somersby Industrial Estate and in 2006, after numerous construction approval delays and lengthy negotiations with Gosford Council and Energy Australia, Craig and his team of 32 finally moved into their new state-of-the-art 3,500sqm manufacturing facility and headquarters. The move cemented the company’s position as the largest manufacturer of chain wire fencing products in NSW. It also marked a change of direction for the company with a new sole focus on manufacturing and distribution to the broader fencing industry.

As part of their mission to continually add more value to customers they installed a new powder coating plant and extended the product range of industrial and security fencing products. This enabled them to manufacture and deliver orders with a much shorter lead time to meet customer demand, something they knew competitors importing from Asia could not do. In fact to date no one else in their industry manufactures Australian made products with Australian raw materials like the Protective Group. While this has been a challenge for the business, particularly in more recent years with the low Australian dollar, one of the strategies instilled from generations past was to maintain a strong, local supplier relationship and this has given them the edge over others who sought to cut costs by purchasing overseas. Another strong point of difference is the company’s niche target market of installers rather than con-

COV ER S TORY

sumers. The Group’s General Manager Sales, Ben Gregson said, “The installers prefer to source their products from us because we purposely separate ourselves from the consumers. So rather than limiting ourselves to how much our team can install, we are unlimited because every installer can use us as a supplier. They also know we are not going to be competing against them for the installation like other suppliers with installers on staff or subcontractors do.”

Today the Protective Group consists of three separate trading entities – Protective Fencing, Protective Powder Coating and Protective Wire Mesh Industries – delivering an annual turnover of more than $15 million. With Craig now semi-retired, the Group is led by his son, James, who joined the company in 1999 as an apprentice mechanical engineer, and his daughter, Samantha Swain, who came on board last year after several years in construction management.

As fourth generation Gibbens family members, neither James nor Samantha (like their father before them) felt any pressure to join the family business. With their own unique skillsets, each plays a different role in the Group. James leads the production, logistics and warehousing teams while Samantha leads the administrative, accounts management and sales teams. Samantha said, “James has the hands on experience in our business over the last twenty years and I have experience in a number of other companies. So coming together we have a

James Gibbens, Craig Gibbens and Samantha Swan really good balance.” Confirming the complimentary skillsets James and Samantha bring to the company, Ben also spoke highly of the culture within the organization, which has a very high staff retention rate. The Group now employs a staff of over fifty, has a fleet of eight trucks and two additional manufacturing and distribution centers, one in Victoria and the other in Queensland. Knowing that diversification is crucial for success in Australian manufacturing in the 21st century, the Group has also moved beyond fencing into other markets, including wire mesh for the mining sector and government infrastructure projects.

They are constantly working on product development and are currently working with an external team to develop Australia’s first high security standard, an initiative driven by the Protective Group.

Quality and timeliness to market are key to the company’s success. Samantha said, “Craig had great foresight in setting the business up with the number of machines we have to ensure we have the capabilities to meet demand.” Samantha and James also credit their father and the generations before him for instilling strong values and ethics in them and the staff. “When Craig comes in he’s out on the factory floor and everybody here knows him. He taught James and I to muck in and do whatever is needed to get the job done, just as he was taught from generations past. It’s about mutual respect. It takes a team of people to manufacture a product in order to make a sale. Everybody on our team has a valuable role to play in that process,” said Samantha. Craig himself takes great pride knowing the future of the company he built from the ground up is in very capable hands.

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CENTRAL COAST BUSINESS REVIEW OCTOBER 2019

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EDITORIAL

Edgar Adams discusses local issues

Who are we?

THIS IS A question that many people ask about the Central Coast. Are we a region, meaning are we a ‘country’ region, or are we part of Sydney and that means being part of the Greater Sydney Metropolitan Area?

Logically one would think being 70 minutes from the Sydney CBD would be a good qualifier compared with 90 minutes to Penrith.

Well a 2015 Act of Parliament specifically excludes us from the GSMA. The Greater Sydney Commission Act 2015 includes all the Local Government Areas of Sydney including the Blue Mountains, Hawkesbury and Wollondilly. It does not include Wollongong and it does not include the Central Coast.

So we must be a region – I think!

We now have a Deputy Premier from the National Party who is Minister for Regional NSW and that means everywhere except the Greater Sydney area and everywhere else in NSW obviously. But not the Central Coast.

Until the State Election the Central Coast was due to get a cut from the sale of the Snowy Mountains Hydro and that was $400 million for infrastructure investment which we desperately need.

That got the chop the day the Deputy Premier became Minister for Regions. He obviously doesn’t see the Central Coast as a region. Why would he?

So here we are, a Labor Party stronghold with a Liberal State Government made

worse by a Labor/Green Central Coast Council that is practicing toxic party politics and refusing to engage with the State Government.

The Government therefore uses this as an excuse to avoid all issues that normally they would be responsible for.

There was a time when we had a Minister for the Central Coast but that was downgraded to Parliamentary Secretary for the Central Coast and then abolished.

So no one in Government has any responsibility for this part of the world which has a population of 346,000 and forecast to grow to 415,000 by 2036.

Meanwhile we have a State Government that is constantly hand-passing the ball on issues like Warnervale Airport and a university campus in the CBD of Gosford.

The end result of all of this is that business is losing confidence in the Central Coast.

One of the most frustrating aspects of doing business on the Central Coast, if you are dependent on that finite market of about 346,000 people is that you are stuck in the local economy.

So it is logical that we need to support those businesses with the potential to grow and that means when they need to extend their factory or warehouse they are given every encouragement. Likewise with property development. Our building and construction industry employs and trains a lot of people.

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So the question for those businesses stuck in the local economy is how to grow and prosper in a marketplace that is struggling.

The answer is simple. Create an environment for business to grow and employ more people. Forget welfare, this is about people being paid real wages and the more they work the more money they get which flows into the economy.

Encouraging business means creating confidence and it is at the point that government has to set the pace in spite of the games being played by the Central Coast Council Fortunately for the Central Coast the former Minister for Planning Anthony Roberts put in place enough controls to that will see major projects get approved and the current Minister for Planning Rob Stokes has introduced a Local Planning Panel that will consider all Development Approvals over $5 million. That will take effect from early 2020.

Having said that it is time that the Central Coast business community stood up and took action and accepted responsibility for the future. They did that in Western Sydney 20 years ago and look what is happening out there.

Edgar Adams Editor

BUSINESS NEWS

Construction starts on Medical School and Research Institute THE CENTRAL COAST is on its way to becoming a world-class health, research and education precinct, with builder Richard Crookes Construction being announced as the winning tenderer to build the facility and construction commencing in September 2019 on the new $72.5 million facility atop the Gosford Hospital Car Park building.

Federal Member for Robertson Lucy Wicks, who has been the driving force behind the University of Newcastle’s Central Coast Medical School and Research Institute, made the announcement alongside University of Newcastle Senior Deputy Vice-Chancellor Professor Kevin Hall and Chairman of Central Coast Local Area Health, Paul Tonkin, recently appointed Director of the Central Coast Research Institute for Integrated Care and Population Health, Professor Nick Goodwin, CEO of Central Coast Area Health, Andrew Montague and the Hon Taylor Martin MLC representing the NSW Government.

The new facility – jointly funded by the Australian Government, NSW Government and the University of Newcastle – will include a Clinical School to support the education and training of doctors and nurses, and a Research Institute to develop new approaches to integrated care.

Mrs Wicks said that this will help position the Central Coast as a region of choice for education, training and clinical research.

“This is a huge achievement for our region, boosting our local economy, creating more jobs for people on the Central

Prof. Kevin Hall, Prof. Nick Goodwin, Lucy Wicks MP, Paul Tonkin, Taylor Martin MLC and Andrew Montague Coast and giving our students the opportunity to study and live in Gosford,” she said.

“We know that universities can transform local economies like the Central Coast and help drive future job growth and opportunities.

The Institute will drive further investment in health and research and be a key part of the region’s economic growth.

The project is a partnership between the University of Newcastle and the Central Coast Local Health District. The investment recognises their expertise in delivering changes to the health of the community through integrated care approaches.

Professor Hall said the facility was just one of a staged approach by the University to develop the region as a Centre of Excellence in education.

“Students who are training to become the next doctors, nurses and allied health clinicians will learn the most modern tech-

Architect’s image of the Central Coast Medical School and Research Institute niques and well-researched clinical practices, working alongside world leaders in their field,” Prof. Hall said.

“We will explore innovative ways to better coordinate care for key issues such as ageing, obesity, indigenous heath, chronic disease and mental health.

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CENTRAL COAST BUSINESS REVIEW OCTOBER 2019

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NEWS

Scape wins with Lake Macquarie Council project

Scape Constructions Construction Manager Dean Mackey, who delivered the Pasterfield Sports Complex project with Award sponsor Nathan Hamilton from SafeWork NSW. SCAPE CONSTRUCTIONS WON the Civil Engineering and infrastructure - Over $3 million Award for their Pasterfield Sports Complex project for Lake Macquarie Council.

The $14 million sports complex is located in Cameron Park bordering bushland and comprises an area of more than eight hectares. It provides new community spaces and facilities including a major combination sports field, community amenities, building and spectator area, netball courts and multi-court, public amenities, junior playground, senior playground, picnic area and parents retreat, pedestrian and cycleway paths, accessible path network, skate park, an active exercise area and two new carparks.

Founded over 25-years ago Scape Constructions has carried out numerous projects that include civil works and landscaping on behalf of Gosford and Lake Macquarie Councils as well as major companies such as Retire Australia and Lend Lease.

One of their many local projects was the Ettalong Foreshore Redevelopment for the former Gosford Council which earned them a major award from the Australian Landscape Association.

In 2018 they completed Stage 1 of the Avoca Beach South Foreshore Redevelopment for Central Coast Council however missed out on Stage 2 of the project which was awarded to a Western Sydney company.

Coast builders clean up at Newcastle MBA Excellence Awards

NSW MBA President, Martin Patience, Stevens Construction Directors Jason Lewis and Steve Mailey and Nathan Hamilton from SafeWork NSW

Pasterfield Sports Complex

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It was a big night for the Central Coast’s leading builders at the 2019 Newcastle Master Builders Association Excellence in Building Awards held in Newcastle on Friday 13th September.

Erina based builder Stevens Construction walked away with the Commercial Builder of the Year Award with the Judges saying, “the builder’s commitment to excellence is evident throughout the projects reviewed during the judging process.

Stevens Construction is to be commended for their continued pursuit in achieving the high quality finishes and exceptional project management throughout all of their projects.”

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100% settlement on Central Coast bucks national trend PROPERTY DEVELOPER, CENTRAL REAL, has reported 100% settlement success on all three of its Central Coast properties delivered to date this year, highlighting the continuing growth of regional markets compared to metro developments.

The value of Central Coast apartments is tipped to see an 8.8% improvement this year, and another 13.2% in 2020 based on the 2019 Moody’s Analytics forecast with CoreLogic, forecasting regional coastal areas like the Central Coast as the safe bet in a recovering market.

Real Estate agent, John McGrath, says it’s a testament to the growth still happening in regional locations like the Central Coast which have only just started to see its potential in property development and investment.

“With the amount of private and government investment in the revitalization plans of Gosford city, including major infrastructure such as the $350million private hospital, $250million University precinct in Gosford and a state of the art Medical Research Facility all happening concurrently, any investor with sense follows the sound of money being dropped. That’s what happening on the Central Coast. The demand, if anything, is definitely growing for property in this region.”

Local property developer on the Central Coast, Central Real, said their success for its three recent projects delivered to date for 2019 is mostly due to the high-end quality of the product being delivered.

“We have settled every apartment of our three completed projects this year. That’s

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ICON in Kendall Street, Gosford over 120 apartments, many of our valuations have seen an average 10.8% uplift,” Central Real CEO, Richard Ellis, said.

“We haven’t had the fallout like Sydney or Melbourne and nowhere near the level of financial concerns from purchasers when it came time to settle into their new homes, I believe the level of building quality and execution of finishes has a lot to do with it.”

“The value of new apartments is growing on the Central Coast. In fact, we’ve actually brought forward the launch of developments just to meet the demand for buyers in the market.”

Nick West recently moved into his brand-new apartment on Kendall Street in West Gosford and said the valuations on his Central Coast property were more than ideal.

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into the settlement and getting it valued this year however everything was absolutely fine. I don’t think you could ever lose out buying in a place like the coast, with water views like we have and the level of finishes our local developer has put into the building,” Mr West said.

The Central Coast seems a safe bet for investors also, maintaining a steady 4.5% - 5% yield for purchasers who rent their apartments.

Jaimie Woodcock from McGrath Real Estate said the Central Coast still maintains a low vacancy rate around 2% compared to other areas of NSW. “The vacancy rate is low; the returns are good. With credit pressures easing and investors returning to market, purchasers will likely look to safer bets like the Central Coast where growth and investment is happening,” Mr Woodcock said.

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CENTRAL COAST BUSINESS REVIEW OCTOBER 2019

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BUSINESS NEWS

Concept plans for a state-of-the-art hospital unveiled

Architect’s image of the proposed Northside Medical Hospital INITIALLY ANNOUNCED IN early 2019 concept plans for a $350 million Northside Medical Precinct on the corner of Racecourse Road and Faunce Street, West Gosford were unveiled by the developers at a ‘community drop-in session last month.

Since the original plans were announced in February the State Significant Development Application has been made to the Gosford City SEPP’s Design Excellence Panel which proposed and approved a variation to the design which was taken to the community for comment.

Development Manager Marcello Ramirez said, “We are certainly moving away from traditional designs toward something that lifts patients and their families up and makes them feel happier and more optimistic when they have to be in hospital.

Medicine is changing and that is feeding back into the design.”

“This is an exciting project for the entire region.”

The Northside Private Hospital will form the largest part of the proposed medical precinct. The hospital development will include 14 operating theatres, 224 inpatient beds, an intensive care unit, radiology department, pathology centre, pharmacy and a mix of food and retail.

There will also be physiotherapy and rehabilitation clinics, a geriatric unit and a mental health unit.

Once completed it would become the Central Coast’s largest private medical facility.

Located 600m from Gosford Hospital the development is a joint venture between local developers, Northside Group (Gibbens Group and CommercialHQ) and AA Crown Holdings The hospital is expected to be up and running by 2022.

Estimated $50 million per year into the local economy Mr Ramirez said that more than 2200 jobs would be created during construction and once completed, more than 460 permanent jobs will be generated.

CENTRAL COAST BUSINESS REVIEW OCTOBER 2019

“Hospitals are very labour intensive so this medical precinct will be a significant employment boost on the Central Coast,” he said. We estimate it will inject at least $50million a year into the local economy and in the next 30 years will morph into the coast’s most significant private medical precinct,” he said.

North Side Medical to complement new private hospital To be located adjacent to the new private hospital Gibbens Group and CommercialHQ will develop a complementary $30 million facility, North Side Medical Gosford offering suites from 20 sqm to 20,000 sqm with extensive car parking.

Michael Cassel appointed to new State Government role Former CEO of the Hunter Central Coast Development Corporation, Michael Cassel has been appointed Deputy Secretary, Development and Transactions, heading up the NSW Government’s social housing portfolio within the new Department of Planning, Industry and Environment.

As such he becomes Chief Executive of the Land and Housing Corporation.

Which owns and manages 130,000 properties and other assets worth over $35 billion.

As CEO of what was the Hunter Development Corporation, Mr Cassel

led the Government’s Newcastle Revitalisation programme which included construction of the Newcastle Light Rail project.

In 2018 then Minister for Planning the Hon. Anthony Roberts appointed him CEO of the Central Coast Development Corporation which was subsequently amalgamated with the Hunter.

Mr Cassel will oversee the government's $22 billion Communities Plus plan, which aims to increase the stock of social housing by 23,000 in 10 years through contracts with non-government and private sector partners.

Service

BUSINESS BRIEFS

Helen Hughes Property appoints Strata Manager

Burbank Nursery buys into Erina Heights

Andrew Wells Helen Hughes Property has appointed Andrew Wells as New Business and Client Relationship Manager for the company’s Strata Management Division.

Mr Wells was formerly Strata Manager for a leading Sydney strata management company and before that a twenty year career in financial and corporate services.

Ms Hughes said that Mr Wells’ focus will be to help owners and owners’ corporations navigate the day to day requirements of owning a strata titled property. “The foundation to solid strata management is service and reliable support which helps owners to be confident knowing they have made the right choice of manager,” said Mr Wells.

Ms Hughes said, “we are upping the stakes in strata management innovation across the board. We have the most up to date software that enables the owner to view their account in real time remotely 24/7. Andrew’s appointment to this newly created position adds to our commitment of service excellence in strata management.”

Gary and Vickey Taylor Gary and Vickey Taylor, owners of Burbank House & Garden at Kincumber have acquired the former Bushlands Garden Centre on The Entrance Road, Erina Heights.

The long established nursery covers an area of nine hectares with 2,000 sqm under cover.

The Taylor Family are one of the best known horticulturalist families on the Central Coast. Burbank Nurseries was originally established by the late George Taylor in 1946 at Kangy Angy and became famous for their azaleas. Son Cliff, who died in April this year ran the business with wife Judy selling off the tissue culture and propagation to Ramm Botanicals some twenty years ago.

Burbank Nurseries at Kangy Angy continues as a wholesale and retail nursery run by Judy Taylor with assistance from son Gary.

“Acquiring this property at Erina Heights will allow us to carry on the family tradition

and build on the reputation of the Taylor Family,” said Gary Taylor.

The Kincumber nursery will continue to be managed by Graeme McConnell while Philip Taylor (no relation) with 24 years horticultural experience has been appointed Manager at Erina Height.

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PROPERT Y

COMMERCIAL AND INDUSTRIAL PROPERTY FOR SALE/LEASE

FOR SALE

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82m2. Signage opportunities, solar power on the roof, 1 roller door, bathrooms + shower, 3 car parks. Approx. 8 min to the M1 Mwy. FOR SALE - REDUCED PRICE $850,000 + GST

TUGGERAH - SUPERIOR LARGE, LEVEL LOT WITH DA

DA Approved for 20 Serviced Apartments (14 x2 bed, 6 x 1 bed), 20 Residential Units (4 x 3 bed, 12 x 2 bed, 4 x 1 bed), 3 Retail Premises (200 m2), ample parking with 90 car spaces! Zoned B7.

FOR SALE – EXPRESSION OF INTEREST

Approx. 65sqm, suitable for a range of usages, floor-toceiling glass shopfront. Available now.

FOR LEASE $28,000 G/PA + GST

Direct Main Road frontage with 8 car spaces on site.

Excellent long-term tenant with brand new 5 year lease.

Ground floor warehouse/workshop + staff & customer amenities including disabled bathroom & reception area approx. 320m2. Mezzanine kitchen/lunchroom & small office space approx. 20m2 AUCTION 15.10.19 IN ROOMS - 401/1 BRYANT DRIVE TUGGERAH.

TUGGERAH – PROSPERITY

Select your preferred unit from a range of industrial premises. Sizing 144 m2 – 308m2 (Approx.). Some with drive-through access to private yards! Great internal height. Minutes to M1 Sydney - Newcastle Motorway.

FOR SALE – FROM $424,000 + GST

TUGGERAH - AWESOME UNITS ARE BIGGER & BETTER!

High clearance, quality separate offices areas, fantastic exposure, high/wide roller doors, & parking. Sizes 404m2 – 480m2 (Approx.). Great value for the discerning owner occupier or investor, the single, long term vendor has decided to offer theirs for sale at an affordable rate.

FOR SALE FROM $767,600 + GST

Visit our website for additional properties and more information centralcoast.ljhcommercial.com.au

The office fit-out downstairs has a reception + a private board room, upstairs has 2 offices, an open workstation looking out to 60m2 warehouse w/ pallet racking. Units this good never last!

FOR LEASE $450 N/PW + GST

TUGGERAH - FACTORY & W/HOUSE + OFFICE!

Premium high clearance warehouse (Approx. 354m2) accessed by 2 high / wide roller doors at the rear, office & balcony approx. 240m2 with data provided throughout.

FOR LEASE - $90,000 PA NET + GST

WYONG - MASSIVE EXPOSURE!

Showroom, yard areas + workshops in PRIME LOCATION, extensive (2x) direct street frontages, huge glass showroom areas & adjoining offices flow with an elevation that compliments the yard display.

FOR LEASE - $226,000 PA NET + GST

MORISSET - LOCATION, FLEXIBILITY, EXPOSURE!

Bulky goods showroom & warehouse approx. 267m2 (GFA) + 256m2 (open space), 150m2 mezz + 57m2 parking. Close to M1 Mwy with exposure to the Gateway of the commercial & industrial precinct.

FOR LEASE - $64,000 PA NET + GST

Suite 401 / 1 Bryant Drive, Tuggerah NSW 2259 87 Mann Street, Gosford NSW 2250

Phone 4353 7700

Get results!

FOR LEASE

From $130/m2 + Outgoings + GST

3-13 Stockyard Pl West Gosford

Premium Quality Industrial Opportunity • • • •

Iconic Building Premium Main Road Location Directly Opposite 2 Bulky Goods Centres Total area 9,829m2

Brad Rogers 0459 921 122

rhccc.com.au CENTRAL COAST BUSINESS REVIEW OCTOBER 2019

Local Knowledge & National Strength

ADVERTISE YOUR PROPERTY IN CCBR For further information phone 4367 0733 or email info@ccbusinessreview.com.au

PROPERT Y

Ettalong tenanted investment sold on net yield of 6.33%

7/1 FLEET CLOSE

$350 NET PW + GST

This ultra-modern Industrial/Business unit is located in Tuggerah Business Park the Central Coast’s premier business location, within close proximity to the M1 Motorway, Tuggerah Bus & Rail Interchange.

Approx 94sqm floor area plus the added bonus of a DA approval for a mezzanine floor level, constructed of full concrete panel walls with commercial glazed shopfront windows and doors, container size roller doors, and disabled compliant amenities.

GATEWAY CENTRE – 237 MANN STREET, GOSFORD FOR LEASE

If you’re looking for a small office, mid to large office, or a retail space, come and view the opportunities available in the Gateway Centre. We have office space from 66sqm to 1,266sqm (and more) and retail space, including a former café tenancy, from 65sqm up to 674sqm. The building offers lift access, great on-site parking, and has a 5-Star NABERS Energy Rating. Positioned opposite Gosford Train Station, the building offers great proximity and convenience to transport, shopping and all amenities, making it an ideal destination for your business. Call us today for pricing and further details!

FITTED OUT SUITE WITH PARKING SUITE 12/31 DWYER STREET, NORTH GOSFORD FOR SALE/LEASE

Positioned in North Gosford, first floor suite offering 131sqm + 19sqm secure ground floor storage. The suite is in fantastic condition, fitted out with undercover allocated parking and very close to Gosford CBD, Gosford Hospital and public transport. Available now.

A Sydney investor has paid $2.975 million (GST not applicable) for a fully tenanted retail and residential property at 261 Ocean View Road, Ettalong Beach.

The property on the corner Ocean View Drive and Pacific Avenue comprises a lettable area of approximately 797 sqm with six retail

tenancies ranging in size from 35 sqm to 108 sqm plus upstairs Plus Fitness gym of 252 sqm and residential of 156 sqm bringing in a net annual income of $187,641 plus GST. Site area is 525 sqm with zoning B2.

Ben Purdue from Raine & Horne Commercial negotiated the sale.

All sold at 12 Pioneer Avenue Tuggerah Business Park

Contact: Mark Davies 0422 442 858 Daniel Mason 0403 889 530 Chris Watson 0402 430 213 Bill Loxton 0431 101 387 Prices shown with * are inclusive of GST.

4325 0208 83 MANN STREET, GOSFORD 2250 www.chapmanfrazer.com.au

SPECIALIST MEDICAL & PROFESSIONAL SUITES

TUGGERAH 154 Pacific Highway

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.

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

Sales agent Ty Blanch reports that all 32 factory units in the newest development in Tuggerah Business Park have been sold with the last sale to settling in early September.

The development by Newcastle developer Robdeb Pty Ltd was constructed in two stages rather than four stages as planned due to the demand for factory units on the Central Coast with all units sold off-theplan.

Marketing commenced in August 2017 and the last sale was in May 2019.

The high clearance, high quality factory units are constructed of full pre-cast concrete and steel with extra wide driveways, plenty of parking in the complex and excellent access and truck turning circles.

Sizes range from 117 sqm to 237 sqm with prices from $280,800 to $582,500 plus GST. All were sold and settled prior to completion.

For further details please contact Julie Davies on 4355 5111 CENTRAL COAST BUSINESS REVIEW OCTOBER 2019

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RESIDENTIAL PRESTIGE PROPERT Y REPORT

Close to shops, close to the beach Fisherman’s dream at Green Point

The property: 3 Kings Avenue, Terrigal.

This architecturally designed 333 sqm 5-bedroom home with inground pool on a 687 sqm lot is on an elevated position.

Price: $1,205,000 The buyer: A Sydney family

The sale: The property was sold at auction after a 5 week campaign with a mix internet, social media and newspaper advertising.

The agent: Stephen Gittoes and Ingrid Osborn from Gittoes.

The property: 35 Bayside Drive, Green Point. This 5-Bedroom home is on a near level 492 sqm block with waterfront access and uninterrupted northerly views of Brisbane Water.

The price: $1,305,000 The buyer: A Central Coast family The sale: The property was on the market to be auctioned and sold after 23 days.

The agent: Blake Stretton from Gittoes.

FOR SALE

125B Albany Street, Point Frederick Absolute Waterfront & A Brand New Build This architecturally designed home offers beautiful water views.

The well-appointed kitchen forms part of the open plan dining and living area that melds easily with the Alfresco living space. The pebble and glass-beaded swimming pool has internal lighting, there is a water access point with a jetty being potentially permissible (STCA), and it also has a triple car garage. This property is low maintenance with a major emphasis on easy living and lifestyle.

Auction: Saturday 12th October at 12:15pm – Bidder’s Guide $2.5 million Inspect: Saturdays 12:00 – 12:30pm or

By Appointment during the week Agents: Stephen Gittoes & Ingrid Osborn

CENTRAL COAST BUSINESS REVIEW OCTOBER 2019

1301/159 Mann Street, Gosford Bonython Tower Penthouse & Stunning Vie This striking penthouse in Bonython Tower is both luxurious and spacious with commanding views over the town centre and Brisbane Waters. The terrace and balconies offer spaces for relaxing and entertaining with everchanging vistas and provide the apartment with plenty of outdoor space.

The interiors are beautiful with a layering of materials including marble bench tops, timber floors and travertine tiling which create a modern aesthetic. The kitchen is well appointed with quality appliances and is central to the open plan living and dining area. The bedrooms are large with excellent storage and the bathrooms exude class and elegance.

Auction: Saturday 2nd November at 10:15am Inspect: By Appointment Agents: Stephen Gittoes, Ingrid Osborn & Richard Faulkner

BUSINESS TIPS

MIND YOUR BUSINESS Business Health Check

By Troy Marchant, Director, Robson Partners Chartered Accountants

A RECENT ANALYSIS by the Australian Tax Office (ATO) shows that the tax gap across various sectors of Australia’s economy accounts for billions of dollars.

With such a large slice of Australia’s GDP missing, it’s little wonder that the ATO has set up a taskforce to increase audit activity and crackdown on small businesses and individuals who report their taxes incorrectly. Also set to increase is audit insurance as protection against the unexpected fees that can be associated with an audit.

Deliberate misrepresentation of tax information has been coined ‘the black economy’ by the ATO. Greatest areas of concern around the black economy include: • Small businesses – the greatest offender with a shortfall of 6.4 per cent or $8.76 billion.

• Individuals not in business • Superannuation guarantee • PAYG withholding • Tobacco excise • Alcohol excise • GST ATO Deputy Commissioner Deborah Jenkins acknowledged that the majority of small businesses are doing what they can to comply: “We’ve found that some small businesses are making mistakes with their tax, but these are often unintentional errors which are easily fixed. Our objective is to support these honest small businesses to better understand their obligations and to help them get it right the first time.”

And then, she says, there’s the other sort: “Hiding income, exaggerating expenses and

operating outside the system are all considered to be black economy behaviours.

Businesses doing the wrong thing are about to attract our full attention,” Ms Jenkins said.

An audit can be a major unwanted surprise for any business or individual. It often entails many hours of work by the business owner or individual, their accountant, legal representatives and/or bookkeeping support. This incurs large fees, not to mention the cost of the interruption itself.

There is an option to insure against the professional fees related to an audit.

It is called Audit Shield. Audit Shield is retrospective, so all previously lodged returns are also included in the coverage. Income Tax, GST and BAS, PAYG Withholding, Fringe Benefits Tax, Land Tax, Stamp Duty, WorkCover and Self Managed Superannuation Funds (SMSFs) are just a few items included in the extensive Audit Shield coverage. Audit Shield Insurance is tax deductible. Contact us if you’d like to know more or would like to join our policy: www.robson.com.au

Employee Classifications: A difficult task made slightly clearer by the Federal Court

By Warwick Ryan, Partner, Hicksons Lawyers Being your own boss has never been simpler, except for the risk of being sued or prosecuted for employment law breaches, having to repay never-ending debts, struggling to obtain clients and working 24 hours a day for minimum wage. Clearly, owning your own business is not a walk in the park; however, at least a recent court decision has eased the burden on employers by providing guidance on how employees should be classified under employment awards.

The Federal Court of Australia clarified this process in the recent decision of Australian Education Union v Yooralla [2019] FCA 1511.

Facts of this case The Australian Education Union (AEU) commenced this application on behalf of one of its members, Ms Legg, who AEU contended was underpaid by Yooralla. Whilst the case concerned underpayment, the primary question for the court was whether Legg was a Level 3 employee under the Social, Community, Home Care and Disability Services Industry Award 2010 or a Grade 2 employee under the Attendant Carer – Victoria Award 2004.

What did the Court decide?

The Court decided the correct way to classify employees is to ‘ascertain the major and substantial employment’ of the relevant employee. To do this the Court will assess the employee’s responsibilities against the responsibilities in the relevant industrial instrument (e.g. enterprise agreement, modern award etc.).

After assessing Legg’s responsibilities against the specific language in the awards, the Court decided Legg was a level 2 employee under the Social, Community,

Home Care and Disability Services Industry Award 2010.

How does this decision and the ‘major and substantial employment’ test apply to your business?

While the above decision might sound like gibberish and does not help your business increase revenue or cut costs, it is important to take note of this decision, so you do not wrongly classify, and underpay, your employees. The Federal Court is yet to release its final judgment, but it is expected Yooralla will need to pay Legg both unpaid wages and a substantial penalty (up to a maximum of $63,000 for the company and $12,600 for individuals involved in the underpayment).

Due to the severe penalties for underpaying staff, it is important to reevaluate your workplace in light of this decision. If you are unsure of your employees’ classification under the Act, we would advise you to seek legal advice to avoid the financial and reputational risk which accompanies being caught for underpaying employees.

CENTRAL COAST BUSINESS REVIEW OCTOBER 2019

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YOUR COASTAL LIFESTYLE AWAITS

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Peninsula apartments offer generous living areas with floor to ceiling glass, extending to spacious balconies or private courtyards perfect for entertaining.

The gourmet kitchens are graced with the finest appointments including Caesarstone benchtops and Miele appliances Enjoy your beautifully landscaped oasis and tranquil garden surroundings located only a stone’s throw from Brisbane Water.

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1300 944 138