Strategically located midway between the Sydney and Newcastle CBDs and only 5km east of the Pacific Motorway (M1) 280 & 290-300 Mann Street are to be offered for sale individually or in-one-line and present a unique opportunity to acquire a significant landholding on the doorstep of Gosford’s CBD, train station and just a stone’s throw away from the recently upgrade Gosford Hospital and the proposed new university campus.

280 Mann Street comprises a fully leased modern office building with a net income of $572,050pa* across four tenancies. 280 Mann Street also benefits from a DA approval received in 2017 for a 24-storey mixed-use development comprising ground floor retail and 219 residential apartments and includes the adjoining site 290-300 Mann Street as part of the approved scheme.

290-300 Mann Street comprises a retail building with a gross passing income of $60,879pa* across two tenancies. The site also includes a large car park to the south of the building. 290-300 Mann Street also benefits from the same DA approval at 280 Mann Street.

The properties are for sale exclusively through Andrew Palmer, Oliver Ridley, Steven Lerche & Nick Lower of Savills Australia.

According to Andrew Palmer, Associate Director – Retail Investments at Savills Australia, the Gosford City Centre Masterplan will encourage more people to both live and work in Gosford and with a substantial population expansion and the creation of thousands of jobs will confirm the emergence of a truly new city.

Ollie Ridley, Associate - Capital Transactions at Savills Australia said “280 & 290-300 Mann Street is to be one of the largest commercial landholdings to be brought to market in the Central Coast for the past few years.

“This opportunity will be hotly contested by astute investors, owner occupiers and residential developers due to the site’s valuable holding income alongside the DA approval for 219 residential apartments.”

The properties are set to be sold via Expressions of Interest 4pm on Wednesday 14 July.