Sold
The Investors Dream Property: 6,043m2, completely developed, $252,000 annual return
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375-385 Terrigal Drive, Erina NSW 2250

Last Asking Price - $6,000,000

RetailSize: n/a
Block size: 6043 m² approx.
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.

Inspections

No open inspections scheduled.

Send an enquiry

Contact Garth Hunter to learn more about this property, request an inspection or take an online tour.

Key details

Property Type:Retail
Lot:23
Plan Type:DP
Plan:738306
Block Size:6043 *
*These are approximate values based on available information.
DiJones Central Coast

Maps and area information

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Block information
Block size: 6043 (approx)
Legal description: 23/738306
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2022.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
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Property history

You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
Property History
20 May 2022
Sold
DiJones Central Coast
Listed: 01/04/2022
Block size: 6043m²
Transfer type: Full transfer
20 May 2022
Sold
DiJones - Central Coast
Listed: 31/03/2022
Block size: 6043m²
Transfer type: Full transfer

Suburb and property insights

Median sales
Median Sale Price For Erina
$879,000
Average Age
59 years
Population
4,774
Erina's Property Profile
Erina's Occupancy

Contact agents

DiJones Central Coast

DiJones Central Coast

View agency details
Garth HunterDiJones Central Coast
James DateDiJones Central Coast
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Listing ID: 180505143. This listing has been viewed 3 times. It was first displayed on 01/04/2022 and last updated on 20/05/2022.
  • Surrounding suburbs

    • Terrigal, NSW
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