West Gosford, NSW

First mortgage funding in the sum of $2,300,000.00 is required to assist with refinancing the current debt. The borrower will be contributing prepaid interest and associated loan costs from their own resources.

The subject property comprises a large clear-span warehouse with a mezzanine area, having a total land area of 2,290sqm and a building area of 1,636sqm. The property is currently leased to a long-term tenant, a trampoline recreation business trading as “Flip Out”, which recently extended its lease for a further five years commencing in November 2023.

The property offers the following accommodation:

• Large recreational area
• Food preparation
• Office
• Amenities and Storage
• Seating areas

The property is zoned “B6: Enterprise Corridor” by virtue of the SEPP (Precincts-Regional) 2021. The director of the Borrowing Company has purchased an adjacent site intending to further develop the two sites in the future.

The subject property is in an established industrial area of West Gosford, located approximately 50 radial kilometres north of the Sydney CBD. The property has good access to surrounding arterial roads and is approximately 100m north of the Central Coast Highway.

Other notable landmarks within proximity are:

• Gosford Station 1.5 kilometres
• Gosford Hospital 2 kilometres
• Imperial Centre Gosford 2 kilometres