OFF MARKET

75 Pile Road
Somersby NSW 2250

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 20209m2
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Property Details for 75 Pile Rd, Somersby

Building Type
Commercial
Land Size
20209m2
Local Government
Central Coast
Lot/Plan
101/DP1280645

Last Listing description (July 2015)

The property is located at Somersby, an established industrial precinct on the Central Coast of NSW, approximately 1 kilometre from the Sydney-Newcastle M1 motorway, 8 kilometres west of Gosford and less than 1 hour's drive to Newcastle or Sydney CBD's.

The facility (constructed 2008) is used to process kerbside waste and recycling materials from the Wyong and Gosford local government areas. The facility comprises two distinct functional areas:

(1) Materials Recycling Facility - housing state-of-the-art sorting machinery, plus associated amenities.

(2) Depot - comprising a workshop and associated offices and amenities, plus external parking for trucks, separate parking for all staff, and ancillary service structures such as the fuel bowser.

The property is fully leased to Remondis Australia (a subsidiary of Global Recycling Giant, the Remondis Group - which in turn is part of the Rethmann Group).

The rent is subject to annual reviews to the greater of 3% or CPI (with an annual 5% cap), with market reviews at exercise of the options.
NEXT RENT REVIEW IN JUNE 2015.

Current Net Annual Income - approx. $1,456,393.

Tenant pays all outgoings.

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Property History for 75 Pile Rd, Somersby, NSW 2250

A timeline of how this property has performed in the market
  • 07 Feb 2013
    Listed for Sale $12,500,000

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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.

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