2 Watt StreetGosford NSW 2250
Property Details for 2 Watt St, Gosford
Last Listing description (June 2023)
Located in the heart of Gosford CBD, situated opposite Australia Post and across from the Imperial Shopping Centre, this Freehold building has eight (8) retail shops on street level that are fully leased and above is a well presented office.
There is a total net lettable area of 657m2 and the total land size is 1310m2.
This land mark building is well positioned in the rapidly expanding Gosford CBD and has development potential (STCA) with income while you wait.
Investment Analysis offers many benefits to an astute investor.
- Several long term tenants all with current leases
- Land size 1310m2 approx.
- Nett Lettable area of 657m2 approx.
- Eight (8) retail shops with a nett lettable area 493m2 approx.
- First floor office space nett lettable area 164m2 approx.
- Good mix of retail tenancies.
- Potential income of $191,118.55pa once fully leased
- Current gross income of $166,118.59pa
- Current Nett income $119,844.06pa
- Annual Rental increases
- Freestanding/Torrens title property
- Excellent location within the Gosford CBD
- Key asset in a very tightly held commercial area
- Development potential subject to council approval
- FSR 5.00m: Range 5.00-5.99m (according to NSW planning & environment website)
- Height 36m: Range 35.0-39.9m (according to NSW planning & environment website)
Property History for 2 Watt St, Gosford, NSW 2250
- 25 Nov 2024Sold for $2,600,000
- 20 Feb 2023Listed for Sale Sold
- 10 Aug 2018Sold for $3,000,000
Recent sales nearby
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About Gosford 2250
The size of Gosford is approximately 3.4 square kilometres. There are 18 parks, covering nearly 31.2% of the total area. The population of Gosford in 2016 was 3499 people. By 2021 the population was 4873 showing a population growth of 39.3% in the area during that time. The predominant age group in Gosford is 20-29 years. Households in Gosford are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gosford work in a professional occupation.In 2021, 32.50% of the homes in Gosford were owner-occupied compared with 26.90% in 2016.
Gosford has 5,208 properties. Over the last 5 years, Houses in Gosford have seen a 24.78% increase in median value, while Units have seen a 22.92% increase. As at 30 June 2026:
- The median value for Houses in Gosford is $997,026 while the median value for Units is $638,317.
- Houses have a median rent of $665 while Units have a median rent of $600.
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