A boutique residential development on the fringe of the Gosford CBD is expected to be completed in nine months, and 80 per cent of units have already been sold off the plan.
Mr Mike Norman from Ray White Gosford said the main appeal of the Watermark development is the size of the units and the building’s unimpeded access to the Gosford waterfront. “Watermark is completely residential, there is no commercial in it at all. “It includes 21 apartments and three penthouses, all serviced by a lift,” Mr Norman said. “It is in the most attractive part of Gosford, just on the edge of the CBD with level car and pedestrian access to the waterfront via Milkarra Ave,” he said.
The five two-bedroom units within the building all have internal areas greater than 100 square metres, Mr Norman said. He said the 16 threebedroom units, including the penthouses, had internal fl oor areas of up to 154 square metres. “It is defi nitely a lifestyle decision to purchase one of these units. “There are only two investors in the whole building, the rest are owneroccupiers,” he said. Purchasers have been a mix of locals downsizing or relocating and people moving to the Central Coast from other areas. Prices range from $575,000 for a twobedroom unit on the third fl oor up to $995,000 for the most expensive of the three penthouses. The units that are still for sale include two threebedroom units and two out of the three penthouses. The total market value of the property, once all units are sold, will be $15.45 million.
Interview, 5 Oct 2016 Mike Norman, Ray White Gosford Jackie Pearson, journalist