The property is located at Somersby, an established industrial precinct on the Central Coast of NSW, approximately 1 kilometre from the Sydney-Newcastle M1 motorway, 8 kilometres west of Gosford and less than 1 hour's drive to Newcastle or Sydney CBD's.
The facility (constructed 2008) is used to process kerbside waste and recycling materials from the Wyong and Gosford local government areas. The facility comprises two distinct functional areas:
(2) Depot - comprising a workshop and associated offices and amenities, plus external parking for trucks, separate parking for all staff, and ancillary service structures such as the fuel bowser.
The property is fully leased to Remondis Australia (a subsidiary of Global Recycling Giant, the Remondis Group - which in turn is part of the Rethmann Group).
The rent is subject to annual reviews to the greater of 3% or CPI (with an annual 5% cap), with market reviews at exercise of the options.
NEXT RENT REVIEW IN JUNE 2015.
Current Net Annual Income - approx. $1,456,393.
Tenant pays all outgoings.
The size of Somersby is approximately 81.0 square kilometres. It has 12 parks covering nearly 41.4% of total area. The population of Somersby in 2016 was 1066 people. By 2021 the population was 1087 showing a population growth of 2.0% in the area during that time. The predominant age group in Somersby is 50-59 years. Households in Somersby are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Somersby work in a managers occupation.In 2021, 67.10% of the homes in Somersby were owner-occupied compared with 72.30% in 2016.
Somersby has 977 properties. Over the last 5 years, Houses in Somersby have seen a 25.17% increase in median value. As at 31 January 2026:
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