120 Erina Street,
Gosford, NSW 2250

"Star House" is located next door to Australia Post and opposite the newly developed Imperial Shopping Centre.
This commercial freestanding building contains 14 tenancies in total. There are three retail shops located at the front on street level and two floors of office space above totalling 1,183m2 approximately. Each floor has a shared kitchenette and amenities. There are several long term tenants.
The Central Coast is home to some 335,903 residents and growing. This land mark "Star House" building is well positioned in the rapidly expanding Gosford CBD.

Investment Analysis

* Several long term tenants
* Land size 651m2 approx.
* Nett Lettable area of 1183.00m2 approx.
* Three (3) retail shops with a nett lettable area 300m2 approx.
* Two (2) floors of office space nett lettable area 883m2 approx.
* Good mix of large and smaller office space
* Potential income of $215,763.86pa once fully leased
* Current gross income of $157,763.86pa + GST
* Annual Rental increases
* Freestanding/Torrens title property
* Excellent location within the Gosford CBD
* Key asset in a very tightly held commercial area
* Development potential subject to council approval
* FSR 4.8: Range 4.50-4.99 (according to NSW planning & environment website)
* Height 30m: Range 30.0-34.9m (according to NSW planning & environment website)


Inspection By Appointment: Anthony Scarcella 0422 375 5...
Auction on site: 1 March 2018 at 11am