404/200 The Entrance Road Erina NSW 2250
Property Details for 404/200 The Entrance Road, Erina
Last Listing description (June 2024)
Located in the well renowned Element building in the heart of Erina, this office space offers a fantastic opportunity for investors to secure a quality commercial office suite with a presence in a prime location. Northern aspect offers a pleasant outlook from the balcony, whilst remaining on the doorstep of all of the local amenities that the Erina CBD has available. Arguably Erina's premier building, this property is well worth the effort to inspect and get a true understanding of this quality building.
Strata area of 25sqm within the Element Building, as well as having access to meeting rooms, break out areas large open kitchen / function area for occupants of Level 4. Well structured investment with an existing 3 year lease to MH Financial that commenced in October last year, so there is almost 2 1/2 years remaining on the lease.
Current rent is $22,000 per annum + outgoings + GST, with annual increases being the greater of 4% or CPI, the return on your investment will show constant growth through the term of the lease.
Available for sale with a return of greater than 6.5% annually, the price guide for this property is For Sale - $333,000 No GST Applicable, making it an affordable option for those looking to invest in commercial for the first time or add another property to their existing portfolio.
Inspections are strictly by appointment. For further information please contact
Brad Rogers
0459 921 122
RWC Central Coast
Property History for 404/200 The Entrance Road, Erina, NSW 2250
- 28 Jun 2024Sold for $335,000
- 26 Jun 2024Listed for Sale For Sale - $333,000 No GST Applicable
- 23 Jun 2016Sold for $273,375
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0About 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 3,266 properties. Over the last 5 years, Houses in Erina have seen a 59.83% increase in median value, while Units have seen a 24.54% increase. As at 30 November 2024:
- The median value for Houses in Erina is $1,296,191 while the median value for Units is $629,369.
- Houses have a median rent of $700 while Units have a median rent of $500.
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