An outstanding freehold commercial investment on the Central Coast of NSW and homebase to real estate training heavyweight Realtair has been listed by the dynamic duo of Geoff Tilden and Brad Rogers from Raine & Horne Commercial Central Coast.
This exceptional property will sell utilising Realtair’s industry-best destination for real estate online and real-time auctions until final bidding on Saturday, 10 September 2022.
Located at 61 Webb Street East Gosford, the property offers a unique combination of a multimedia village, commercial offices, and residential accommodation with ongoing dual income that includes a blue-chip tenant Realtair. The property is also fully council approved as a multi-stage development.
Realtair, formerly known as Lee Woodward’s The Real Estate Academy, has since 2016 been developing the only true end-to-end property sales platform accessible from any device. The platform gives real estate agents access to data, and appraise, list, and sell properties more efficiently and cost-effectively from any device.
Mr Angus Raine, Executive Charman, Raine & Horne, said, “It is a tremendous honour to be chosen by one of the pre-eminent real estate trainers in Australia, Lee Woodward, to sell this fabulous property.
“I know that by choosing Brad and Geoff as his listing agents, Lee and Realtair are in excellent hands to achieve the best result possible.”
Currently, Realtair is on a 5 Year Lease + 5 Year Option that commenced on 20 March 2020, and the commercial operations are producing an annual income of $72,577.27 per annum + outgoings + GST. Also, yearly CPI increases are built into the lease. An ongoing monthly residential tenancy agreement generates an annual income of $14,560.
According to Mr Tilden, the completed first stage of the complex comprises ground-level commercial space with private offices, open plan workstations and collaboration areas.
“The property is fully airconditioned with quality fixtures and fittings throughout. The design is unique and boasts a cover outside the working area, providing the best working environment possible,” Mr Tilden said.
The building is built in Besa Block, and the concrete construction offers high soundproofing and superior environmental benefits in heating and cooling.
“Internal hardwood finishes also contribute to the overall feel and quality of this modern working environment,” Mr Tilden said.
The upper level is accessed via two staircases externally and one internally, leading to the four residential/ commercial suites.
Currently, three of these suites are used for commercial purposes as video, audio, and live broadcast TV studios, which is the heart of this unique multimedia village.
All suites are fitted with the latest IT equipment and facilities, including ducted individual AC systems. Each apartment has its bathroom and shared laundry on the same level.
“The level of fixtures and fittings are consistent throughout the complex,” Mr Tilden confirmed.
Great place to work and celebrate
Connecting the upper level is an open-plan sky garden that overlooks the ground-level outdoor areas and the internal car parking. Mr Rogers said, “The car parking is linked to the catering area used for events held on the premises.
“The events are held in the custom-designed and built Amphitheatre that can cater for 26 people. This area has been designed for training, education and broadcast and is built to the highest standards and with the latest facilities.
“With 61 Webb Street East Gosford, no stone has been left unturned in providing the perfect working environment.”
Future development potential and use
The rear section of the complex has been designed and built for stage two of the approved development, constructed in lightweight, easily removed buildings.
According to Mr Rogers, the approval allows for developing ten affordable studio apartments with a penthouse suitable for a manager or owner. All plans and approval are available and come with the purchase of the property.
“This property represents a unique opportunity as it can be used in multiple ways,” Mr Rogers added.
“The current zoning allows for a multitude of different uses, its current approvals allow for further development residentially or expand its commercial operation the choices are up to the buyer whether an investor or owner-occupier.
Inspections of this outstanding commercial property are strictly by appointment, and the property will auction online up to 10 am on Saturday, 10 September 2022 via the Realtair website at https://buy.realtair.com/#/
For more information contact Geoff Tilden of Raine & Horne Commercial Central Coast on 0415 238 846 and Brad Rogers on 0459 921 122.