SOLD
Sold on 06 Mar 2024 for $1,040,000

4/257-259 The Entrance Road
Erina NSW 2250

Bedrooms: -
Bathrooms: -
Car spaces: 4
Land area: 250m2
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Property Details for 4/257-259 The Entrance Road, Erina

Building Type
Commercial
Land Size
250m2
Local Government
Central Coast
Lot/Plan
4/SP79956

Last Listing description (November 2023)

Tenanted Investment with Fixed Increases!!

Description:

Very Professional fitted out office space with an abundance of natural light, modern amenities and located in a busy location, positioned on the corner of two (2) main roads with 4 basement car parking spaces.

Property Highlights:
- Solid Tenant - Northrop Engineers established since 1976 with over 500+ people across NSW, ACT, QLD & VIC
- 3 year lease term with a 3 year + 3 year option terms
- Current Lease expires 28 February 2026
- Tenants pay 100% of outgoings, as per Lease
- Rental Amount per annum $85,670.00 plus GST
- Annual Increases - Greater of 3% increase or CPI
- Impressive office fit out with near new Air Conditioning
- Three (3) month Bank Guarantee in place

Express your interest TODAY & call NOW!!


Disclaimer:
All information contained herewith, including but not limited to the general property description, price, and the address, is provided to Ray Pitstock Real Estate 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.

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Property History for 4/257-259 The Entrance Road, Erina, NSW 2250

A timeline of how this property has performed in the market
Last Sold
$1,040,000
06 Mar 2024
  • 06 Mar 2024
    Sold for $1,040,000
  • 21 Nov 2023
    Listed for Sale Offers Over $1.030m
  • 24 Jul 2023
    Listed for Sale P. O. A
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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 3,254 properties.

    There are currently 10 properties listed for sale, and 29 properties listed for rent in Erina on OnTheHouse. According to CoreLogic's data, 64 properties were sold in the past 12 months in Erina.

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