Cnr Henry Parry Drive & York Street,
East Gosford, NSW 2250

This unique property has been in one family ownership for 90 years and is now being offered to the market in finalising the family estate.

Currently occupied by seven (7) tenants who are all willing to stay on site, with the potential of increasing the annual net income.

Absolute 53 metre frontage to Central Coast Hwy (York Street) and 57 metre frontage to Henry Parry Drive, East Gosford, this property is perfect for future development with an existing holding income or an ideal passive investment for a conservative purchaser.

Land Size: 1587.6 m2

Zoning: B2 Local Centre under GCC

FSR: 1:1

Height Limit: 11.5 metres

Under the current seven (7) tenancies the income being generated amounts to approx $91,000 pa, which is below market expectations with the future potential of an uplift in the income to improve the net return.

The sale of this property has been a long time coming, is a tremendous asset and is definitely worth the wait.

Auction : Thursday 19th May 2016 @ 2pm, East Gosford Progress Hall

Contact : Brad Rogers 0422 375 522 or Steve Skipper 0418 257 144