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 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 Motorway to Sydney & Newcastle , 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 315 sqm* of building on 4,295 sqm* of prime E4 Zoned land, this property is an outstanding development site and valuable because of its secure tenancy with an established business (passing rent whilst getting your DA).

The summation value and the unique attributes of land and development potential present a truly rare opportunity for the astute developer or investor.

The 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 (5) year initial term - 12/10/2020 to 11/10/2025.
Three (3) x five (5) year options.
Established business with all approvals for over 35 years.
Current rent $84,151.25 p.a. Net + GST.
Director's Guarantees on lease.
Also bonus income of $4,373.87 p.a. Gross + GST from leased signage panels.

This property has security of income and tenure (with a unique approval that is difficult to get anywhere for this use).
If you would like more information or to inspect, please call today.

*Approximate