A rare property combination of a residential home, an existing going concern commercial facility and further development opportunity of vacant land is now on the market for sale with expressions of interest. Located in the sought after suburb of Terrigal on the Central Coast of NSW, this property covers 20,320 sqm and represents a landmark opportunity to either sub-divide, redevelop or retain as is with strong rental yields in place. The property comprises a single allotment and is located on the western side of Serpentine Road with 112 road frontage and existing turning bays into the property.
The property is situated amongst popular and well-patronised amenities and services including Terrigal Star of the Sea Catholic School and Church and in close proximity various preschools, Churches, Veterinary and retail shops together with Erina Heights Public School and Central Coast Grammar School all nearbty. The property is easily accessible to various other local schools and shops, major shopping centres, public transport, Erina CBD and Terrigal CBD.
The property boasts 2.3Ha* of prime acreage land complete with a four (4) bedroom home, double garage, large machinery shed & an Aquatic Centre.
The Aquatic Business has been in operation for over twenty seven (27)* years, having a loyal client base & a reputation in the local community for delivering quality aquatic services.
With improvements located on the front half of the property, opportunities abound with what could be done with the balance of land at the rear. This property is sure to be of interest to the astute investor or owner occupier looking for income!
For further information or a copy of the IM, please call Garth Hunter (0414 339 118) from R&H Terrigal or Brad Rogers (0459 921 122) or Ben Purdue (0450 719 600) from R&H Commercial Central Coast.
|R&H Suburb Summary||Houses|
|Number of sales||173|
|Median Rental Price||$598 p.w.|
|Change in Rental Rate (5yr)||15 %|
|R&H Suburb Summary||Units|
|Number of sales||134|
|Median Rental Price||$550 p.w.|
|Change in Rental Rate (5yr)||17 %|
155 Serpentine Road, Terrigal,
New South Wales, 2260