Property Highlights
Fully Leased Freehold Investment
Substantial 759 sqm Site
Development upside

Description
This recently renovated freestanding building in excellent condition and located in the exclusive East Gosford commercial precinct. The Property features two (2) separate tenancies, ample onsite parking for seven (7) cars. There has not been a cent spared with the internal fit out that includes full kitchen with stainless steel appliances, timber floors throughout, internal bathroom facilities, separate disabled amenities, reverse cycle air condition, and glass partitioned offices.

Units 1 and 2 are leased to a design & marketing company – New Four (4) year lease to July 2025.
Unit 3 is leased to a pest control training/licencing company – Three (3) year to 2023.

Tenants pay all outgoings as per the lease agreement.
Net income $114,000 p.a. (plus GST).

Located on a Prominent 759 sqm site in the heart of East Gosford.
Net lettable area 400sqm (approx.) suitable for future strata subdivision (STCA)
Zoned B2 Local Centre with Development potential to 11.5m high (STCA) and Floor to Space ratio 1-1.
Ideal for future development Including Boarding houses; Centre-based childcare facilities; Commercial premises; Community facilities; Educational establishments; Entertainment facilities; Function centres; Information and education facilities; Medical centres; Oyster aquaculture; Passenger transport facilities; Recreation facilities (indoor); Registered clubs; Respite day care centres; Restricted premises; Roads; Service stations; Shop top housing; Tourist and visitor accommodation;

Auction 13 October 2021
Lions Club Community Hall
3/8 Russell Drysdale St, East Gosford