A 13,053 sqm improved industrial opportunity located in the booming Central Coast has come to market under instructions from the appointed administrators. 
RWC (SC) Managing Director Samuel Hadgelias and Sales Agent Baxter van Heyst have been appointed to manage the sale of 6 & 8 Somerbsy Falls Road on behalf of Olvera Advisors. 
While no price guide can be given due to the nature of the sale, surrounding transactions would suggest the site could well achieve north of $8 million. The agents are awaiting market feedback. 

The site comprises two contiguous lots that are offered to the market  in-one-line or separately. Number 10 features a site area of 9,034sqm with substantial improvements and hardstand land while number 6 includes a site area of 4,000 sqm of gravel hardstand land. 

We are expecting strong interest in the offering,” Mr Hadgelias said “Industrial real estate is one of the top performing assets across the country. Limited supply is keeping vacancies low across the country while capital returns remain positive, making this asset class a solid head against inflation.” 

Ray White head of research Vanessa Rader said industrial continued to be the asset class most sought after to invest in after robust activity during the pandemic period. 

“Sydney’s limited and expensive developable land supply, together with rising rents, has seen many occupiers and investors look to areas  outside metropolitan areas,” she said. 

“This trend also follows our strong population gains particularly in emerging markets such as the Central Coast and Newcastle given their growing workforce and burgeoning new business starts.” 

Mr van Heyst said he was expecting a broad range of interest. 

“Significant industrial properties with development/value add potential, like this one, are attracting interest from a diverse array of buyers, including international investors and local entrepreneurs seeking ownership of their operational space,” he said. 

6 & 10 Somersby Falls Road, Somersby are offered for sale via Expressions of Interest campaign closing at 3:00pm (AEST) on Tuesday, 17th October 2023.

To request a copy of the Information Memorandum please contact one of the marketing agents RWC’s (SC) Managing Director Samuel Hadgelias and Sales Agent Baxter van Heyst via the contact details below.