2 &/2A Watt Street Gosford NSW 2250

Nestled in the bustling heart of Gosford CBD, this landmark freehold building presents a unique opportunity for investors and developers. Boasting a strategic location opposite Australia Post and adjacent to the Imperial Shopping Centre, the property features eight retail shops on the ground floor and a modern office suite above. The adjoining vacant land is currently leased for short term parking.

Property Highlights:

- Total Land Size: 1310 sqm*
- Net Lettable Area: 657 sqm*
- Retail Space: Eight shops with a combined net lettable area of 493 sqm*
- Office Space: First-floor office with a net lettable area of 164 sqm*
- Adjoining vacant land leased as carpark.
- Holding income generated from retails shops. Office space and car parking
- Lease Stability: Secured by several long-term tenants with current leases
- Annual Rent Escalation: Ensuring growth in investment returns
- Ownership: Freestanding property with Torrens title
- Location: Prime position within Gosford CBD, a rapidly developing commercial hub
- Development Prospects: Subject to council approval (STCA), with a Floor Space Ratio (FSR, 5:1) and a building height limit of 36m as per NSW planning & environment guidelines

This property is a key asset in a tightly held commercial area, offering both immediate income and the potential for future development. (subject to council approval)

Seize this chance to own a piece of Gosford's commercial future. For more information and to arrange a viewing, please contact Anthony Scarcella on 0422 375 522.

*Approximately