OFF MARKET

14 Vere Place
Somersby NSW 2250

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 37730m2
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Property Details for 14 Vere Pl, Somersby

Building Type
Commercial
Land Size
37730m2
Local Government
Central Coast
Lot/Plan
201/DP1186440

Last Listing description (December 2022)

Under instructions from Shaw Gidley as appointed Liquidator, Colliers is delighted to present 14 Vere Place, Somersby to the market for sale.

The subject properties offer an outstanding Central Coast industrial development and investment opportunity. 14 Vere Place consists of a multi-tenanted industrial complex with three significant tenants.

14 Vere Place, Somersby

- 3.77ha* industrial site with development upside
- Ability to occupy or value-add and re-invest
- Improvements include a total of six buildings on-title
- Current holding income $311,560* pa (plus GST)
- Total building area 3,577 square metres*

Lots 2-4, 192 Wisemans Ferry Road, Somersby - UNDER OFFER

*Approximate
Outlines indicative only

Property History for 14 Vere Pl, Somersby, NSW 2250

A timeline of how this property has performed in the market
Last Sold
$8,000,000
11 Oct 2022
Listed for Rent
$1.34k/w
20 Apr 2023
  • 11 Oct 2022
    Sold for $8,000,000
  • 05 Apr 2022
    Listed for Sale Please contact agent
  • 16 Oct 2019
    Listed for Rent $145,000 / week
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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 956 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 17 properties listed for rent in Somersby on OnTheHouse. According to CoreLogic's data, 34 properties were sold in the past 12 months in Somersby.

Suburb Insights for Somersby 2250

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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.