Two substantial blocks off Sparks Road at Halloran have shifted in the past week, with EBH Environmental snapping one up sizeable block with a view to it becoming a recycling centre.
201 Sparks Road, a site covering six hectares, was sold to EBH for $5.25M.
EBH operates a concrete recycling facility at 60 Donaldson Street, North Wyong and will vacate that site in due course.
That site sits nearby the newly announced Pacific Highway upgrade planned for Tuggerah and Wyong.
EBH has said it will be looking to submit a DA for 201 Sparks Rd for a recycling facility.
The sale marks a record for the area being 46 per cent higher than the last sale of any land in Halloran over five hectares.
Meanwhile, 211 Sparks Road, a 5.4 hectare site, also shifted in the past week for $6.5M.
It has been purchased by Australian Native Landscapes (ANL) that currently owns the site next door.
Both lots were sold by Colliers International, the firm that also sold the 69 lot subdivision at Warner Business Park (owned by Council) to new owners Winarch.
Colliers said 95 per cent of those lots sold within three days.
Ben Curran, Associate Director (Industrial) at Colliers said that with the pandemic giving rise to growth in online retail and more manufacturing moving onshore, industrial property in this area is outperforming other property sectors.
“With the supply shortage of industrial property in Sydney, take-up in this area will allow businesses to thrive on the Central Coast and provide job growth and investment” he said.
Nicola Riches