61 Webb StreetEast Gosford NSW 2250
Property Details for 61 Webb St, East Gosford
Last Listing description (September 2023)
Commercial Freehold investment with dual income streams and the opportunity to add value to the existing development.
Anchored by real estate heavy hitters - Realtair, the property has both a commercial and residential income stream from Day 1. Long term lease in place to Realtair offers confidence in your purchase and investment strategy whilst working through the long term goals of the property options.
Keep as is or continue with the passive income or proceed further with the approved plans to develop as a commercial holding and boarding house, it's all in your control.
The rare combination of commercial land, development, income and boarding house all rolled into one.
Complete with a mammoth 15 car parking spaces onsite, this property and building is one of the only commercial properties in the local area that can accommodate the vehicle needs of a medium to large commercial team.
This property represents a unique opportunity as it can be used in multiple ways. The current zoning allows for a multitude of different uses, its current approvals allow for further development residentially or expand its commercial operation the choices are yours.
Set in the heart of East Gosford a short distance from the retail shopping area and Point Frederick, one of the Central Coasts' most sought after residential addresses.
The property is surrounded by a mixture of Commercial and Residential properties located in a cul de sac making it the perfect location minimizing noise from York Street the main road located approximately 50 meters from the property. This position allows for easy access by public transport and vehicles alike, a short walk to local cafes and retail.
Commercial Tenancy Income:
• 5 Year Lease + 5 Year Option
• Commenced 20th March 2020
• $72,577.27 per annum + outgoings + GST
• Annual CPI Increases
Residential Tenancy Income:
• Ongoing Monthly residential tenancy agreement
• $14,560 per annum
For sale for $1.8 million (No GST Applicable)
Inspections are strictly by appointment:
Geoff Tilden 0415 238 846 Raine & Horne Commercial Central Coast
Brad Rogers 0459 921 122 Raine & Horne Commercial Central Coast
Property History for 61 Webb St, East Gosford, NSW 2250
- 21 Sep 2023Sold for $1,650,000
- 18 Aug 2021Listed for Sale CONTACT AGENT
- 04 Aug 2020Listed for Rent $13,035 / year
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About East Gosford 2250
The size of East Gosford is approximately 2 square kilometres. It has 9 parks covering nearly 27.2% of total area. The population of East Gosford in 2011 was 3,906 people. By 2016 the population was 4,259 showing a population growth of 9.0% in the area during that time. The predominant age group in East Gosford is 30-39 years. Households in East Gosford are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Gosford work in a professional occupation. In 2011, 57.3% of the homes in East Gosford were owner-occupied compared with 55.5% in 2016.
East Gosford has 2,711 properties. Over the last 5 years, Houses in East Gosford have seen a 66.28% increase in median value, while Units have seen a 42.08% increase. As at 31 July 2024:
- The median value for Houses in East Gosford is $1,035,179 while the median value for Units is $751,315.
- Houses have a median rent of $643 while Units have a median rent of $550.
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