The former Legacy Village site opposite Gosford Waterfront and the Olympic Swimming Pool has taken pride of place beside Masons Pde a.k.a. Central Coast Hwy for decades.
CBRE is calling for expressions of interest by May 31 for 100% freehold interest in Part 51-57 Masons Pde, Point Frederick.
Known as Lot 2, the property offers investors and developers a large-scale redevelopment opportunity (STCA) with a favorable leaseback in place.
CBRE said: “It is a rare opportunity to acquire a substantial freehold B4 Mixed Use land holding positioned opposite the idyllic
“Brisbane water in proximity to Gosford CBD. The property is located within walking distance to public transport, shops, and restaurants, positioned nearby the waterfront precinct with views on offer spanning across Brisbane Water.”
The property is zoned B4 Mixed Use and will allow for a variety of uses including commercial, retail and residential.
“Brisbane Water (NSW) Legacy Club has committed to a sale and leaseback over the property for 24 months, thereby providing developers the opportunity to leverage off the income while obtaining relevant development approvals.”
A new high-rise village is being constructed for Legacy residents. The current village was built in 1964.
