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5 Watt Street 10,064 SF Office Building Gosford, NSW 2250 $3,847,679 CAD ($382.31 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Modern office space with lift access and modern finishes.
- Within approximately 213 meters of Gosford Train Station, providing direct rail connectivity to Sydney and Newcastle.
- Situated in the heart of Gosford CBD, offering immediate access to the city’s primary commercial and retail precinct.
- Close proximity to major arterial routes, including the Pacific Highway and Central Coast Highway, supporting regional and metropolitan access.
Executive Summary
This two-story freehold office building offers a rare investment opportunity in the heart of Gosford’s rapidly evolving CBD. Positioned on a Torrens title parcel, the property is fully leased to a national education provider, Indie Education, under a secure 3 + 3 + 3 + 3-year lease structure, delivering a strong income stream of $229,985 per annum plus outgoings and GST.
The building spans approximately 935 square meters of quality office accommodation and includes secure basement parking for seven vehicles, lift access to all levels, and recently refurbished interiors. Modern amenities such as near-new male, female, and accessible bathrooms, air conditioning, and a 9B compliance approval for educational use enhance its long-term appeal.
The building spans approximately 935 square meters of quality office accommodation and includes secure basement parking for seven vehicles, lift access to all levels, and recently refurbished interiors. Modern amenities such as near-new male, female, and accessible bathrooms, air conditioning, and a 9B compliance approval for educational use enhance its long-term appeal.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,064 SF
Building Class
C
Price
$3,847,679 CAD
Price Per SF
$382.31 CAD
Cap Rate
5.75%
NOI
$221,227 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,032 SF
Building FAR
1.00
Lot Size
0.23 AC
Parking
7 Spaces (0.7 Spaces per 1,000 SF Leased)
Amenities
- Natural Light
- Air Conditioning
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5 Watt Street
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