SOLD
Sold on 05 Dec 2023 for $615,000

3/255 The Entrance Road
Erina NSW 2250

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 564m2
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Property Details for 3/255 The Entrance Road, Erina

Building Type
Commercial
Land Size
564m2
Local Government
Central Coast
Lot/Plan
3/SP34392

Last Listing description (February 2024)

Introducing a prime investment opportunity that promises a stable return of approximately 6.5% - a standout choice for savvy investors! This remarkable commercial property, located at 3/255 The Entrance Road in Erina, offers an ideal prospect to add a secure and lucrative asset to your portfolio.

Property Details:

Address: 3/255 The Entrance Road, Erina
Price: $620,000 (No GST Applicable)
Total Area: 93 sqm
Key Features:

Tenanted Investment with an Impressive 6.5% Approximate Return
Prized Erina Location with High Visibility
Secure and Reliable Tenant in Place
Property Highlights:
Nestled at a high-profile intersection in the heart of Erina on The Entrance Road, this strata commercial office investment is a rarity in its class. Being part of a small complex of only three units, it currently boasts a long-term tenant who has committed to a new 2 x 2-year lease. The annual rental income from this lease is a robust $39,600 (plus GST and outgoings). This property offers a secure income stream and is poised to generate outstanding returns.

Why Invest Here:

High Exposure: This property enjoys exposure to over 30,000 passing vehicles every day, ensuring your investment remains highly visible.

Turnkey Office Setup: The commercial office space comes equipped with a well-maintained fit-out, saving you time and money on renovations.

Ample Parking: Benefit from dedicated parking at the door, a valuable asset for both tenants and clients.

Stable Tenant: With a current tenant already in place, you can start reaping the rewards of your investment from day one.

Take Action Today:
Don't miss out on this golden opportunity to secure your financial future. The Erina location, stable tenant, and impressive return make this property a sought-after gem for investors. To discover more about this fantastic prospect or to schedule an inspection, contact Anthony at 0422 375 522!

Disclaimer:
All information contained herewith, including but not limited to the general property description, price, and the address, is provided to LJ Hooker Commercial Central Coast by third parties. We have obtained this information from sources we believe to be reliable however, we cannot guarantee its accuracy. The information contained herewith should not be relied upon and you should make your own enquiries and seek advice in respect of this property or any property on this website.

Property History for 3/255 The Entrance Road, Erina, NSW 2250

A timeline of how this property has performed in the market
Last Sold
$615,000
05 Dec 2023
  • 05 Dec 2023
    Sold for $615,000
  • 08 Nov 2023
    Listed for Sale $620,000 No GST Applicable
  • 04 Nov 2022
    Listed for Sale For Sale $740,000 each
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About Erina 2250

The size of Erina is approximately 5.2 square kilometres. It has 8 parks covering nearly 13.6% of total area. The population of Erina in 2011 was 4,633 people. By 2016 the population was 4,781 showing a population growth of 3.2% in the area during that time. The predominant age group in Erina is 80-89 years. Households in Erina are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Erina work in a professional occupation. In 2011, 70% of the homes in Erina were owner-occupied compared with 69.2% in 2016.

Erina has 3,255 properties.

    There are currently 13 properties listed for sale, and 29 properties listed for rent in Erina on OnTheHouse. According to CoreLogic's data, 63 properties were sold in the past 12 months in Erina.

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    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.