286-292 West Street
Umina Beach, NSW 2257

This commercial property is a rare and valuable freehold asset located in the heart of Umina Beach's main street, a vibrant coastal suburb on the Central Coast of New South Wales. The property features two road frontages, providing excellent exposure and accessibility. It comprises seven retail shops on the ground floor and four commercial office suites on the first floor, making it a versatile investment opportunity with a mix of retail and office tenants.

Umina Beach is approximately 80 kilometers north of Sydney and 10 kilometers south of Gosford, offering a relaxed yet cosmopolitan lifestyle that has attracted a growing population of around 17,000 residents. The suburb is well-serviced with amenities including schools, shopping centers, medical facilities, and public transport, enhancing its appeal as a convenient and desirable location.

Key investment highlights of this property include its irreplaceable location directly opposite a major Bunnings Warehouse, proximity to major supermarkets such as Woolworths, Coles, and Aldi, and a prominent corner main street position with a substantial land size of 1347 square meters. The property has a frontage of 18.3 meters to West Street and 45.7 meters to South Street, along with rear lane access, providing excellent logistical advantages.

The combined estimated gross rental return is approximately $602,267.70 plus GST, with potential for expansion and increased rental income. There is scope to increase the lettable area by adding another level to one of the shops, subject to council approval. This presents an opportunity for owner-operators and savvy investors to acquire a prime piece of real estate in a highly sought-after location with strong long-term capital growth prospects.

Umina Beach is also a popular tourist destination and sea-change location, offering access to stunning natural beauty and a variety of outdoor recreational activities. The area is experiencing high growth, and the property holds significant development potential, making it an attractive proposition for investors looking to capitalize on the region's upward trajectory.

• Freehold property with two road frontages
• Seven retail shops and four office suites
• Large land size of 1347 sqm with rear access
• Prominent corner location in the town center
• Close to major supermarkets and amenities
• Estimated gross rental return over $600,000 plus GST
• Potential to add another level to increase lettable area
• Strong potential for rental growth and capital appreciation
• Located in a popular coastal and tourist area
• Development opportunities in a high growth region

This property represents a unique opportunity to invest in a well-established commercial asset with a strong tenant mix and excellent location. Its versatility, size, and potential for expansion make it suitable for a range of investment strategies, including long-term holding, redevelopment, or owner occupation. The combination of stable income and growth prospects ensures this asset will appeal to a broad spectrum of investors seeking to benefit from the thriving Central Coast market.