5/5 Enterprise Drive Berkeley Vale NSW 2261

On behalf of our valued client, Knight Frank Central Coast are pleased to offer this unique development site with an exceptional location and amazing passing income for sale.

The location is absolutely superb with close proximity to the new major intersection at Enterprise Drive and Wyong Rd in Berkeley Vale. Close to the M1 Sydney to Newcastle Motorway, Tuggerah and Ourimbah railway stations, Westfield Tuggerah and Tuggerah Business Park and in close proximity to Chittaway Bay Shopping Centre and the Laundy Hotel at Chittaway.

Consisting of approximately 315sqm* of building on approximately 4,295sqm* of prime E4 Zoned land, this property is valuable because of it's secure tenancy as an established business, plus the summation value and the unique attributes of land and development potential.

The brothel business has special value as an established use on the site for over 35 years with full approvals. Key benefits of the lease include:

Five year initial term
Three (3) x Five (5) year Options
Established business with all approvals for over 35 years
Current rent $84,151.25 per annum NET + GST
Director's Guarantees on lease.
Also bonus income of $4,373.87 (gross/pa + GST) from leased signage panels

This property has security of income and tenure with a valuable approval for this use.

If you would like more information or to inspect, please call today.

*Approximate