OFF MARKET

123 Wisemans Ferry Road
Somersby NSW 2250

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 3624m2
Land area: 19990m2
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Property Details for 123 Wisemans Ferry Rd, Somersby

Building Type
Commercial
Floor Size
3624m2
Land Size
19990m2
Local Government
Central Coast
Lot/Plan
2/DP862652

Last Listing description (May 2017)

CBRE is delighted to present this secure, long term investment in the tightly held market of Somersby. 123 Wisemans Ferry Rd presents the chance to combine a large site area and functional improvements with a quality covenant on a long term lease, truly a rare commodity on the current market.
The property will be sold by expressions of interest closing 23rd March 2016.
Key investment considerations for this asset include

- Excellent location providing access to the M1 Motorway
- Recognised distribution point for the rapidly expanding Central Coast and Hunter regions
- Expansive site area of 19,900sqm*
- Functional improvements of 3,624sqm* plus valuable hardstand of 6,080sqm*
- Occupied by a national covenant with a successful history
- Incredible 10 year net lease
- Fixed reviews throughout the lease term
- Current net income $475,000
- Minimal office content
- Low maintenance investment
*Approx
CBRE strongly encourage your interest in this market leading opportunity. Please contact the CBRE agents for further details.

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Property History for 123 Wisemans Ferry Rd, Somersby, NSW 2250

A timeline of how this property has performed in the market
Last Sold
$5,600,000
17 May 2016
  • 17 May 2016
    Sold for $5,600,000
  • 16 Feb 2016
    Listed for Sale Not Disclosed
  • 12 Apr 1996
    Sold for $499,925

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About Somersby 2250

The size of Somersby is approximately 81 square kilometres. It has 12 parks covering nearly 41.4% of total area. The population of Somersby in 2011 was 980 people. By 2016 the population was 1,066 showing a population growth of 8.8% in the area during that time. The predominant age group in Somersby is 50-59 years. Households in Somersby are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Somersby work in a managers occupation. In 2011, 73.8% of the homes in Somersby were owner-occupied compared with 72.3% in 2016.

Somersby has 958 properties. Over the last 5 years, Houses in Somersby have seen a 49.26% increase in median value. As at 31 October 2024:

  • The median value for Houses in Somersby is $2,161,904 while the median value for Units is $1,365,488.
  • Houses have a median rent of $698.
There are currently 8 properties listed for sale, and 15 properties listed for rent in Somersby on OnTheHouse. According to CoreLogic's data, 35 properties were sold in the past 12 months in Somersby.

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