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14/1 Bounty Close
Tuggerah NSW 2259

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Bathrooms: -
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Floor area: 342m2
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INVEST WITH ONE EYE ON PASSING INCOME, AND ONE EYE ON CAPITAL GROWTH!

On behalf of our valued landlord client we are pleased to bring this excellent income producing property to the market.
Take advantage of this outstanding opportunity to secure your future commercial office space investment property located at the entrance to the popular Tuggerah Business Park, with signage and main road to over 40,000 passing cars on average per day providing high exposure, 24/7.
Consisting of approximately 342 m2 of high quality office space, this large, professional, and versatile suite has an established business tenant with a fresh 2 year lease plus option. Including a boardroom, 6 partitioned offices/ extra meeting rooms, breakout kitchen area, air conditioning and plenty of onsite parking, the employment training group that has taken the lease has negotiated a very affordable rental rate which means there is plenty of potential for income growth well into the future.
There is also a bonus 49m2 (included) film / podcast studio with a separate entry. Use this or lease out for an additional income stream.
The current owner is also willing to sell for a very fair price to ensure the new owner benefits from a great return. Separate approx. 90m2 (included) office area with additional separate access so you can further subsidise your asset or allow your tenant to split the executive team off, whilst future proofing your business property asset for growth.
Tuggerah is arguably one of the most sought-after commercial areas of the Central Coast. Westfield Tuggerah is minutes away, as is the revamped Tuggerah Railway Station. This property is also close to the renovated Home Co. Super Centre and is positioned perfectly at the centre point of the region and halfway between Sydney & Newcastle, making it perfect for both local and national businesses, their staff and clients.
Initial Term: 2 years
Option Term: 1 year
Commences: 1/1/2024
Rent: $80,000 NET pa + GSt
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Property Details for 14/1 Bounty Cl, Tuggerah

Building Type
Commercial
Floor Size
342m2

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About Tuggerah 2259

The size of Tuggerah is approximately 9.7 square kilometres. It has 14 parks covering nearly 23.3% of total area. The population of Tuggerah in 2011 was 1,017 people. By 2016 the population was 929 showing a population decline of 8.7% in the area during that time. The predominant age group in Tuggerah is 20-29 years. Households in Tuggerah are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tuggerah work in a professional occupation. In 2011, 61.9% of the homes in Tuggerah were owner-occupied compared with 60.3% in 2016.

Tuggerah has 1,836 properties. Over the last 5 years, Houses in Tuggerah have seen a 58.18% increase in median value, while Units have seen a 38.69% increase. As at 31 October 2024:

  • The median value for Houses in Tuggerah is $828,543 while the median value for Units is $675,897.
  • Houses have a median rent of $580 while Units have a median rent of $7,218.
There are currently 15 properties listed for sale, and 41 properties listed for rent in Tuggerah on OnTheHouse. According to CoreLogic's data, 51 properties were sold in the past 12 months in Tuggerah.

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Ty Blanch
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Brett Dowling
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LJ Hooker Commercial Central Coast
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