Tag Archive | "LJH commercial Central Coast"

Central Coast Commercial Development Done Well

Tags: Central coast commercial property, LJH commercial Central Coast, One Pioneer, realestate commercial realestate, Stevens Group, stevensgroup, Tuggerah Business park, Ty Blanch

When economic times are tough, it’s usually a sign that Central Coast commercial development will suffer. Well that’s not always the case, as shown by the STEVENS GROUPS’s Development at One Pioneer, Tuggerah Business Park.
This commercial development was successful because of the flexible approach taken by the developer and the investors to accommodate the specific tenant needs in each case. The development consists of 8 commercial units which have been fitted out to best suit the needs of the occupier. Some of the units were purchased outright by owner occupiers, one was a specific amalgamation of three units into one in a design and construct format, while others were leased and then onsold to investors.
The character of the commercial development is very much in harmony with the working lifestyle on the Central Coast. The units have an open air feeling with glass opening up to the outside gardens and lawn and letting plenty of natural light into the work areas. There is ample car parking and with one of the units housing a café there is a relaxing ambience about the complex.
One Pioneer was developed as a high quality modern professional office and business complex which presents a professional image to clients. Its location in Tuggerah Business Park dictates its position within the centre of business on the Central Coast and provides easy commuting to and from Sydney and Newcastle. One Pioneer offers innovative businesses cost competitive office space, readily accessible to visitors and staff in a great business setting.
The complex was designed with tenancies from 200 square metres. Each building offering multiple access points for staff and visitors.
There are dedicated car parking spaces adjacent each tenancy for visitors and staff. In addition, dedicated disabled car parking spaces have been allocated in easily accessible positions and 27 visitor parking spaces have been provided on a shared basis.
One Pioneer is a great example of a successful commercial development on the Central Coast and we are proud to be associated with it.

TY BLANCH, Principal, LJH Commercial
Ph: 02 4353 7700
Mob 0421645961
email: tblanch@jlhc.com.au

Positive start to 2010 for Commercial Property on the Coast

Tags: business broker central coast, commercial property central coast, commercial property news, commercial property news central coast, find commercial property central coast, industrial property central coast, LJH commercial Central Coast, search commercial property central coast, Ty Blanch

2010 has really opened with good inquiry and a positive energy in many of the commercial sub-markets on the Central Coast, and indeed around the country.

We are seeing business confidence improve with one of the most accurate indicators being new leases and leasing activity – and certainly there is renewed life across the Retail, Commercial office space and Industrial sub-sectors in all price and size ranges.

Whilst the leasing markets appear to be quiet buoyant across the board, we need to remember that the effects of the global credit squeeze are also forcing would be purchasers into the leasing market in some cases.

There are still sales occurring in different parts of the owner-occupier markets, yet finance is now typically more difficult to organise and can be drawn out as the sales process unfolds. Small to medium industrial units and offices are still moving all over the Central Coast, but not in the volumes we have recorded for years gone by.

We are finding that quality investment stock is still in very high demand, both from local and Sydney investors. Newer buildings with depreciation, strong tenants, and long leases are selling with yields between 8.5% and 9.0%. There are other properties still selling for upto 10% yields with net rents, and enquiry levels in the range up to $1.5M are the highest both from Sydney and local buyers.

Land is perhaps the most difficult commercial property commodity to shift and this is as a result of the difficulties associated with development feasibilities and finance in the current climate.

Still, the outlook for the rest of 2010 and into 2011 is very positive at this stage. The net absorption of stock is constant and this will in time lead to more development in the future.

2010 is definitely looking like it will be an interesting year with plenty of opportunities out there on the Central Coast for good buying and leasing deals.

TY BLANCH, Principal, LJH Commercial
Ph: 02 4353 7700 Mob 0421645961
email: tblanch@jlhc.com.au

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