SOLD

375-385 Terrigal Drive, Erina, NSW 2250


The Investors Dream Property: 6,043m2, completely developed, $252,000 annual return

Property Details:
• 6,043m2 land size, E3/C3 Zoned
• Café internal: 110m2
• Retail internal: 295m2
• Courtyard covered 45m2
• Courtyard uncovered 300m2
• Total internal: 405m2
• Total external: 345m2
• 47 customer car spaces, 3 spaces in carport and 2 spaces in house garage as well as abundant street parking in Chetwynd Road.
• A stunning owner / manager's residence with 3 bed, 2 bath, 2 car garage and charming private courtyard.
• Three delightful semidetached townhouse/tourist units, overlooking Worthing Creek and adjacent bushland. Two of the townhouses are 3 bed, 1 bath and the 3rd is 2 bed, 1 bath; each having 1 car space in the triple carport.
• The real masterpiece of the property is the spectacular retail and café space. Boasting soaring rooflines, 11ft ceilings, beautifully established gardens with mature trees, and a peacefully secluded courtyard; it truly is an inspiring location.
• Laminated glass on all windows and doors, enhancing thermal insulation and soundproofing.
• Bore water and automatic irrigation of gardens.
• 12.5 kw solar system on the commercial building comprising of 50 panels.
• The property is fully fenced and gated.

This once-in-a-lifetime investment opportunity is perched on the corner of the beautiful Erina Valley, and opposite Erina Fair - the Central Coast's largest shopping centre. With its European inspired gardens, and architecturally designed buildings, this stunning property boasts unrivalled business exposure with multiple income streams. This remarkable location truly has the best of both worlds, offering a tranquil beauty and peaceful ambience the moment you arrive.

Whether your vision is to be an investor or an owner occupier, this property will pay dividends for years to come. As an investor, you could rent out each individual dwelling and retail space. As an owner occupier, you have the unique opportunity to live and work on-site, while expanding your business through the retail space, and renting out the remaining dwellings.

This remarkable location on Terrigal Drive - directly opposite Erina Fair - will provide your business with fantastic roadside exposure to over 35,000 vehicles every day.

Possible Future Improvements: (STCA)
• Available for subdivision into separate strata sites, and then resale
• Addition of a pool to the townhouses for the holiday accommodation townhouses

Zoning:
• The property zoning is C3 Environmental Management. DA approval was granted for the manager's residence, 3 townhouse/tourist units, Christian bookshop and café. Under this DA/ zoning, further uses could be, but not limited to the following: restaurant, holiday accommodation, functions, and conferences, vet hospital etc.

For more information on this outstanding opportunity or for a copy of the information memorandum, please contact Garth Hunter 0414 339 118 or James Date 0499 002 467.

Property Info

Municipality
Erina

AUCTION

Friday, 20 May 2022
02:00 pm
ENQUIRE ABOUT THIS COMMERCIAL PROPERTY