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Brook Family The racing experts
Page 8 Work starts on ING Central Coast home Edgar Adams’ Editorial Ravello to lead luxury residential market Gosford off Government’s COVID-19 – Sharpening your team for radar an uncertain future
20-CCBR-0258 CCBR Aug.indd 1 31/7/20 10:09 am FOR LEASE
257 CENTRAL COAST HWY, ERINA FOUNTAIN CORPORATE GOSFORD – 178A Mann St, Gosford 2 ILYA AVE, ERINA
30 sqm Suite 8 – 277 sqm 79.5 sqm Small o ce perfect for up to 4 people. Sits Ground oor / corner suite facing Platinum Open plan o ce, carpet, lighting, AC, garage within an accounting practice. Private and / sits next to Remy and Co pasta var / store room, rear store room, WC and store area, lockage. Boardroom available for use. open plan with secure reception area and kitchenette. Floor to ceiling glass shop front FOR LEASE $20,000 pa including OG + GST meeting room / kitchenette, sta room, FOR LEASE $25,000 pa + OG + GST store, comms room, excellent natural light FOR LEASE $95,000 pa + OG + GST ELEMENT BLD, 200 CENTRAL COAST KARIONG – PARKLANDS COTTAGE, HWY, ERINA 52 THE AVE, KARIONG FOUNTAIN PLAZA 148 CENTRAL COAST HWY, ERINA
Suite 1.01 – 92 sqm 580 sqm Full café t out sitting below a corporate Shop 20 – 228 sqm Full o ce t out for 10 - 20 sta / onsite o ce building in the heart of Erina parking / boardroom / reception / facilities / FOR LEASE $51,000 pa + OG + GST Open plan irregular in shape, nestled sta room between ANZ and NAB with excellent exposure to Central Coast HWY FOR LEASE $120,000 pa + OG + GST ERINA PLAZA 210 CENTRAL COAST FOR LEASE $128,000 pa + OG + GST HWY, ERINA FOR LEASE / FOR SALE PLATINUM BLDG, 4 ILYA AVE, ERINA 40 KARALTA RD, ERINA
SHOP 6 – 77 sqm
A retail shop front with parking at the door. Suite 1.02a – 62 sqm The plaza is a mix of professional and retail services. Common kitchenette and WC with Currently the dining area of Quattro Café Suite 8. A, B, C & D – 536 sqm 2 other tenancies. Fit out includes polished and nicely appointed with beautiful wall Currently tted as a dance studio. 140sqm is concrete oor and blackened, exposed treatment. Floor the ceiling glass façade ceiling. Located on the Central Coast HWY with double entry doors. Excellent location the mezzanine level. Parking at the door right in the heart of Erina. and exposure. FOR LEASE $120,000 pa + OG + GST FOR LEASE $29,000 pa + OG + GST FOR LEASE $37,000 pa + OG + GST FOR SALE $ 1,487,000
PHONE 4365 4566 www.commercialhq.com.au Nicole Gunasinghe 0417 792 740 e: [email protected] Tim Gunasinghe 0402 200 004 e: [email protected]
20-CCBR-0258 CCBR Aug.indd 2 31/7/20 10:09 am CONTENTS 3
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Cover story 13 BOOK REVIEW: From famine to freedom, how a young boy fled 4 Brook Family Chairman Mao’s China to a new life on The racing experts the Central Coast Business news 13 Sydney builder gets contract to build 7 Work starts on ING Central Warnervale School Coast home 13 Club Wyong SSL confirms proceeding 30 sqm Suite 8 – 277 sqm 79.5 sqm 8 Ravello to lead luxury with Mounties Group Small o ce perfect for up to 4 people. Sits Ground oor / corner suite facing Platinum Open plan o ce, carpet, lighting, AC, garage residential market 14 Commercial and industrial properties for sale / lease within an accounting practice. Private and / sits next to Remy and Co pasta var / store room, rear store room, WC and store area, 9 COVID19 and tolls make it tough Front cover: Graeme and Fiona Brook 15 Strong enquiry for Triple Two Estate lockage. Boardroom available for use. open plan with secure reception area and on truckers kitchenette. Floor to ceiling glass shop front Somersby meeting room / kitchenette, sta room, 10 James Heddo returns to Coast FOR LEASE $20,000 pa including OG + GST FOR LEASE $25,000 pa + OG + GST 16 TALK Agency relocates to Wyong 10 Erina barber retires store, comms room, excellent natural light Business Park 10 Accounting firm locates to Tuggerah FOR LEASE $95,000 pa + OG + GST 17 In the shadow of COVID-19 – Hear Edgar Adams’ business Also follow us on Business Park comment 8.10am each Monday. Facebook and Twitter ELEMENT BLD, 200 CENTRAL COAST KARIONG – PARKLANDS COTTAGE, Sharpening your team for an HWY, ERINA 52 THE AVE, KARIONG 11 Mhairi MacLeod awarded Asset uncertain future Finance Broker of the Year FOUNTAIN PLAZA 17 Debtor Management during Central Coast Business Review 148 CENTRAL COAST HWY, ERINA 11 Bouffant – A new bakery café COVID-19 Central Coast Business Review is a Registered Trade Mark for Gosford 18 Re-cap: The national economy and of Adams Business Publications Pty Ltd 12 LSPS Urgency Motion by Deputy JobKeeper P.O. Box 3259, Erina, NSW 2250 Mayor sidelines councillors Phone: (02) 4367 0733 Fax: (02) 4367 0744 Regular features 12 Plans for a Gosford Regional Library Email: [email protected] move forward 6 Edgar Adams’ Editorial Typesetting by Graphic by Design ph (02) 4365 6777 12 Councillors attendance at briefings Gosford off Government’s radar Print & Distribution by Bromley Direct ph 0412 439 773 and CEO updates 10 Business briefs © Adams Business Publications 1994. All rights reserved. 12 Leadership Deficit Syndrome 12 Central Coast Council news Reproductions in any part prohibited. While every effort has been made following storm 15 Property news to ensure all information in this magazine is accurate, no responsibility will be accepted by the publisher, Adams Business Publications. The 13 Councils amalgamation cost 17 Business tips Suite 1.01 – 92 sqm 580 sqm producer accepts no responsibility for illustrations or photographs ratepayers $38.7 million 18 Funny business supplied by organisations or individuals and/or typographical errors. Full café t out sitting below a corporate Shop 20 – 228 sqm Full o ce t out for 10 - 20 sta / onsite o ce building in the heart of Erina parking / boardroom / reception / facilities / FOR LEASE $51,000 pa + OG + GST Open plan irregular in shape, nestled sta room between ANZ and NAB with excellent Contact Phone 02 4367 0733 Fax 02 4367 0744 Email [email protected] Web www.ccbusinessreview.com.au exposure to Central Coast HWY FOR LEASE $120,000 pa + OG + GST ERINA PLAZA 210 CENTRAL COAST FOR LEASE $128,000 pa + OG + GST HWY, ERINA FOR LEASE / FOR SALE PLATINUM BLDG, 4 ILYA AVE, ERINA 40 KARALTA RD, ERINA
SHOP 6 – 77 sqm
A retail shop front with parking at the door. Suite 1.02a – 62 sqm The plaza is a mix of professional and retail services. Common kitchenette and WC with Currently the dining area of Quattro Café Suite 8. A, B, C & D – 536 sqm be better off. 2 other tenancies. Fit out includes polished and nicely appointed with beautiful wall Currently tted as a dance studio. 140sqm is concrete oor and blackened, exposed treatment. Floor the ceiling glass façade www.adviceco.com.au ceiling. Located on the Central Coast HWY with double entry doors. Excellent location the mezzanine level. Parking at the door right in the heart of Erina. and exposure. FOR LEASE $120,000 pa + OG + GST FOR LEASE $29,000 pa + OG + GST FOR LEASE $37,000 pa + OG + GST FOR SALE $ 1,487,000
FORMERLY
PHONE 4365 4566 www.commercialhq.com.au Nicole Gunasinghe 0417 792 740 e: [email protected] Tim Gunasinghe 0402 200 004 e: [email protected]
CENTRAL COAST BUSINESS REVIEW AUGUST 2020
20-CCBR-0258 CCBR Aug.indd 3 31/7/20 10:09 am 4 COVER STORY
Brook Family The Racing Experts By Phaedra Pym
THE BROOK GROUP story is a prime an integral part of the business with her from the US, which came with a hefty price example of what can happen when a busi- book keeping skills. Reg went on to form a tag. After consulting with Fiona, he bought ness takes a calculated leap of faith into the tote company that sold betting tickets at it on the spot. Despite going into debt and future as an early adopter of new technology the racetracks. Over the next fifteen years, not taking wages for several years while when others hesitate. In the late 1990s, the that company became one of the largest in they generated awareness about the new Central Coast multi-generational business Australia, eventually being sold to the TAB. technology and what it could do, it was took a huge financial risk to invest in state- The sale prompted Reg to return his focus the best decision they have ever made. “We of-the-art digital technology that none of to the production of information displays, were one of five photo finish companies their competitors could see the value in until electronic timing and photo finish systems. in Australia at the time, all having roughly it was too late and they were left behind in Having grown up with the business operat- equal market share. The others said digi- the Brook Group’s wake. It was a strategic ing from home, Reg’s son, Graeme always tal would never take off. So we grabbed gamble and an enormous risk that paid divi- knew his future was to join the family it with both hands and ran with it. And dends, and the Brook family hasn’t looked business. His decision to study Computer we’ve never looked back. A few competi- back since. Today, Brook Group is the larg- Science at the University of NSW before tors later tried to jump on the bandwagon est manufacturer and supplier of technical joining the business full time proved to be when they saw it take off but they were equipment to the racing and sporting sec- a significant decision for the future, as his too late. And others that tried to just didn’t tors in Australasia and in a growing number technical expertise and knowledge would have the expertise to deal with the digital of other locations in the world. Their racing create a significant point of difference from technology,” said Graeme. As a result of that client base alone stands at more than 300 their competitors. During his time at uni- calculated risk coupled with superior cus- individual clubs. But, as this story will dem- versity, Graeme worked for the business, tomer service, always listening to what the onstrate, it hasn’t all been smooth sailing operating the photo finish equipment and customer wants and finding an innovative since their big break in the late 1990s. The travelling interstate to do installations. way to deliver it, Brook Group now holds Brooks have learned that when supporting a around 70% market share in Australia. Since multi-billion dollar industry that relies on live making the decision to be early adopters animals, anything can happen. “The others said digital would of digital technology, their turnover has The Brook Group journey began in the never take off. So we grabbed it grown around 20% a year, even during the garage of a home in Donnison Street, with both hands and ran with it. GFC when people actually bet more often, Gosford in 1954, where it would remain for And we’ve never looked back.” according to Graeme. the next 36 years. Founder, Reginald (Reg) In 1999 the Brooks moved out of the Brook, the father and father-in-law of cur- shed and into the premises they currently rent directors, Graeme and Fiona Brook, In 1990, Reg officially retired and occupy at Ourimbah. “The place was too moved to the Central Coast from Brisbane Graeme and Fiona moved the factory to big for our needs at the time but we soon after designing his own black and white a large shed at the back of their property filled it,” said Graeme, adding that with eight film photo finish camera for the racing at Ourimbah. Over the next few years, full time staff, including their son, Callan, industry. The first recipients of his cam- requests to build photo finish equipment and four part time staff today, the premises eras were Gosford Races and Greyhounds and displays for the Australian greyhound, is now on the small side. All displays are and Wyong Races, closely followed by horse and harness racing industries ramped designed and built onsite by their team Tamworth and Wagga Races. All remain up. Business was flourishing when in 1997 of electronic technicians, another point of loyal clients today. During the Wagga instal- Graeme was invited to the Gold Coast to difference to their competitors who import lation, Reg met his wife Joan, who became view the latest digital photo finish camera from China. Staff retention is strong with Fiona saying they have always looked for cultural fit first and foremost. “Being such a close-knit group it’s important that we look for team players because the rest can be Local People - Local Knowledge taught,” she said. Local Service - Global Solutions The Brooks’ diversification stood them in good stead to For all your business weather the storms of the insurance requirements Equine Influenza outbreak in 2007/08 and the Special Commission of Inquiry into the INSURANCE BROKERS Phone: 4355 9999 greyhound racing industry in 2015 when the industry was Fax: 4355 9977 almost brought to its knees. www.abcentralcoast.com.au Unit 4/3 Pioneer Ave. PO Box 3009, Referred to as ‘the racing experts’ by cus- tomers and suppliers alike, the Brooks have Tuggerah NSW 2259 cameras operating at 60 to 70 race meets
AFS License No: 244618 every week throughout Australia and New
CENTRAL COAST BUSINESS REVIEW AUGUST 2020
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Zealand. They have also installed cameras in Singapore, Guam, Vietnam, Beijing, Kuwait and Libya, to name just a few. Most of this has happened as a result of word of mouth referral and the fact that Australian racing and everything related to the industry is considered the global benchmark. Their move into digital photo finish cameras has also allowed them to diversify into other sports – anything with a finish line – and into electronic timing and video screens through a separate arm of the company, Southern Cross Scoreboards. Today, the company sup- plies custom made electronic scoreboards to a wide range of sporting codes. The Brooks’ diversification stood them in good stead to weather the storms of the Fiona and Graeme Brooks (centre) with daughter Bronte-Lee (left) and son Austin (right) Equine Influenza outbreak in 2007/08 and the Special Commission of Inquiry into the their customers to ensure they are looked with their US supplier to track and moni- greyhound racing industry in 2015 when the after no matter when they race. tor the welfare of racing greyhounds. The industry was almost brought to its knees. Sixty-six years in business is quite a mile- system has a strong ethical focus and will Both incidents could have crippled them stone for this unique Central Coast business. also improve many other aspects of the had they not had the foresight to diversify Now with their son, Callan on board full racing industry. It is currently being trialed into other areas. So while racing is the Brook time the Brook’s succession plan is assured. in Victoria with the data being analysed by Group’s core business, diversification has set While there has never been any pressure a research team from UTS, Sydney. Callan them up for a more certain future. Another placed on Graeme and Fiona’s three chil- said, “We’re moving into a more data driven point of difference is their extensive value- dren to take on the family business (their world, especially in sport, so we are looking added services. Their in-house technical son, Austin is pursuing a career in the film into different systems that we can offer our expertise allows them to deliver a full suite industry and their daughter, Bronte-Lee is clients that allow them to enhance the data of integrated products. “We can integrate currently studying overseas), Graeme and they get from their athletes, greyhounds or the video screen with the timing system, the Fiona are thrilled to have Callan on board. horses to make educated decisions in train- photo finish camera and pick up all the tote Like his father, Callan has an IT degree and ing, welfare, stewarding and commercial prices. Anyone can put up a video screen he is utilising his expertise on new inno- aspects. Everyone wants the best technol- but we provide a complete package,” said vation for the company, including a new ogy and we are always trying to enhance Graeme. They also offer 24/7 support for system he is working on in conjunction that in everything we do.”
CENTRAL COAST BUSINESS REVIEW AUGUST 2020
20-CCBR-0258 CCBR Aug.indd 5 31/7/20 10:09 am 6 EDITORIAL Edgar Adams discusses local issues
Gosford off Government’s radar
IN THE DYING days of the Berejiklian the Department of Housing which the gov- Government’s campaign to get elected in BACK TO PRINT We are back to print with this ernment acquired some years ago). March last year the Premier and Treasurer issue of CCBR. We thank those advertisers who At last someone had seen the need for a put out a Media Release: stuck with us during the past 3 months when we university campus in Gosford CBD and this FOUR MORE EMPLOYMENT PRECINCTS were only able to publish in a digital format. fitted neatly into the Premier’s promise for TO DRIVE JOBS, BOOST EDUCATION AND a Central Coast Education and Employment CREATE INNOVATION who was bought in by the Central Coast Precinct in the revitalised Gosford CBD. There was: Co-ordinator General, Lee Shearer, to advise Understanding the economic and social • Sydney Innovation and Technology on the Revitalisation of Gosford CBD recom- value of a university campus in Gosford the Precinct, mended that the Civic Heart be the focus Gosford Erina Business Chamber has made • Liverpool Health and Innovation Precinct, along with City North which included the the UON Gosford Campus a top priority • Nuclear Medicine and Technology Hub, and new Gosford Hospital and University of and is championing it as a major project for • Central Coast Education and Newcastle Medical School and Research the Chamber and for Gosford. Employment Precinct in the revitalised Institute. To get this Campus off the ground UON Gosford CBD. The Government Architect’s plan for the is asking the State Government to give These were in addition to four other Revitalisation of Gosford was well received them the Mitre10 site (the Government precincts that included Western Sydney across the community. acquired it in 1996 paying around $1 mil- Airport Aerospace and Defenced Industries Of course, at that time we had a Minister lion and it is now probably worth around Precinct, Westmead Health and Education for Planning who was very focussed on fix- $5 million) plus $18 million while UON will Precinct, Randwick Health and Education ing a shambolic Gosford CBD and turn it tip in $18 million. Precinct, Williamtown Defence Aerospace into a place we could all be proud of. In the The Feds have committed to $18 million and Aviation Precinct, Parkes Special space of just two years Anthony Roberts as well. Activation Precinct, and Wagga Wagga introduced a number of planning initiatives In last year’s Budget the Government Special Activation Precinct. that focussed on overriding Council and allocated $740 million for the Liverpool As we are well aware the Government getting investment into the CBD. Precinct. There are mega got re-elected and since then 10 Precincts These initiatives have been continued millions being handed have been given the green light and with under Planning and Public Spaces Minister out to these Precincts. mind blowing grants to get them going. Rob Stokes. Fast forward seven- But not the Central Coast Education and Following the Election, in early April teen months from Employment Precinct in the revitalised 2019, the University of Newcastle’s Vice the Election Gosford CBD. Chancellor Professor Alex Zelinsky AO, and the Gosford Since the Election Gosford CBD has fallen announced that the University would Precinct is off the off the Government’s radar. establish a Health, Innovation and Government’s Oh yes, the Hunter Central Coast Entrepreneurship Precinct in the Gosford agenda. Development Corporation is spending CBD and identified the old Mitre10 site on $10 million on Leagues Club Field which is Mann Street close the Railway Station as a Edgar Adams great. However, the Government Architect, preferred site. (This derelict site is owned by Editor
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CENTRAL COAST BUSINESS REVIEW AUGUST 2020
20-CCBR-0258 CCBR Aug.indd 6 31/7/20 10:10 am BUSINESS NEWS 7
Work starts on new ING Central Coast home
ERINA BASED COMMERCIAL builder, Stevens Construction, have started work on a new $26 million office building at Wyong for the Gibbens Group with a Sod Turning Ceremony being held to mark the com- mencement in late July. ING Australia, which currently operates a call centre at Tuggerah Business Park, will relocate to the new building having signed a long-term lease for 3,600sqm of space over three levels including the ground floor and staff parking for 350 vehicles and will accommodate 600 people. The purpose-built building has been designed to the highest environmental standards with a 4 Green Star rating. It will utilise natural light and provide vistas over Wyong Golf Course. A sprawling garden will Image of ING Building Wyong give employees the opportunity to work outside or the space to recharge. health and wellness of employees are pri- The ING building forms part of the oritised. People are most productive when Wyong Business Park at 4 Dulmison Avenue they have a good work life balance and this with a 190m frontage to Pacific Highway is exactly what our new Central Coast home and an overall area of 8.26ha which is about.” Gibbens Group are developing after acquir- “The building will help to increase our ing it about five years ago. agility with new technology that will make Addressing those present, ING Australia’s it easier for teams to work collaboratively, CEO, Uday Sareen said, “We have been even if their colleagues are working in on the Central Coast for almost two dec- another office or at home.” ades and we are one of the region’s big- Significantly, the new office has been ING Australia CEO Uday Sareen and Gibbens Group gest employers. A quarter of our entire configured to enable ING staff working in CEO Matthew Gibbens turning the first sod. Australian workforce is based there. The other departments in their Sydney office to Coast produces passionate, caring and work in the new Wyong office. expand to other areas of our business. It dedicated people that we want to invest in ING Direct Australia Head of Contact means career opportunities for our people to help build our business.” Centres who is based at the Tuggerah Call who live here on the Central Coast without “For any organisation to succeed it needs Centre, said, “this means opportunities. having to go to Sydney.” to provide an environment where the Opportunities for our current workforce to The new building is due to open in 2022.
CENTRAL COAST BUSINESS REVIEW AUGUST 2020
20-CCBR-0258 CCBR Aug.indd 7 31/7/20 10:10 am 8 BUSINESS NEWS
Ravello to lead luxury residential market
CONSTRUCTION OF RAVELLO Residences by Erina builder Stevens Construction for Bonython Property & Investments the development arm of The John Singleton Group is now well under- way with completion set down for 2021. Ravello, a boutique collection of 45 luxury residences at 65 Masons Parade on the Gosford Waterfront designed by East Gosford architects White + Dickson is described as presenting high-end hotel living of extraordinary scale and comfort where every element is simple, beautiful, yet highly crafted. Features include wine cellars, furnished lobby entrance, cobblestone promenade and smart living amongst a long list of inclusions whilst encapsulating spectacular outlooks over the blue of Brisbane Water from almost every room. In launching the campaign John Singleton said, “We wanted to develop something never before seen on the Architect’s Image Ravello Central Coast … residences of absolute beauty.” ers with many coming from coastal / water- Ravello has definitely set a new bench- front areas of Terrigal, Wamberal, Green mark in the area with regard to the level Point and Point Frederick indicating that and quality of finishes being offered, this they are vey much a lifestyle buyer looking has not been seen before on the Central to continue that way of life. Coast. Mr Woodcock said that after initially 2-bedroom apartments are selling from launching Ravello with a valet parking $830,000 and 3-bedroom from $1,180,000. system, the developer responded swiftly Three Penthouses have sold at prices to buyer response and undertook a re- above $2.5 million. design of the parking to allow traditional Commenting on the buyer demographic basement parking which was the preferred Crane goes upon Ravello construction site McGrath Central Coast Managing Director option for the downsizer market. “They also Jaimie Woodcock said, “Downsizers have took this opportunity to increase the size of dominated the buyer group responding the apartments/terraces to further create well to the spacious apartments, large ter- homes suitable for those buyers looking to races and very high end finishes. sell their family home and downsize with- Buyers have been mostly local downsiz- out sacrificing their lifestyle,” he said.
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CENTRAL COAST BUSINESS REVIEW AUGUST 2020
20-CCBR-0258 CCBR Aug.indd 8 31/7/20 10:10 am BUSINESS NEWS 9
COVID and tolls make it tough for truckers
ACROSS THE VARIOUS business sectors in the economy COVID-19 is good for some and bad for others along with those in between but for the trucking sector gener- ally business is down and by as much as 30% on last year. On top of that tolls continue to add to the cost of road transport and with NorthConnex opening up soon heavy vehicles will be barred from using toll free Pennant Hills Road and forced to use the NorthConnex at a cost of $23.73 each way and $7.91 for cars. What is not mentioned is the timing of increases which for heavy vehicle is every 3 months vs annually for cars - and this compounds. For Coastal Transport Services which is based at Warnervale and with a terminal One of Coastal Transport Services fleet of trucks at Wetherill Park in Western Sydney the toll from terminal to terminal will be $60.45. paper. “While business is down on the same Ray Graetz Managing Director and Owner time last year work from the infrastructure and of Coastal Transport Services said that manufacturing sector is consistent,” he said. COVID-19 has been challenging. “Our first Coastal Transport Services operates a consideration was the safety of our driv- fleet of 32 trucks and 91 trailers and around ers and the rest of our team. Our General 30 subcontractors, with a depot at Wetherill Manager, Lisa Lord and her team com- Park servicing Sydney, Canberra, Central municated with our drivers personally to Coast, Newcastle and regional NSW. ensure they understood our customers’ “We have continued to offer the same Coastal Transport Services General Manager, Lisa Lord requirements and each driver and truck were reliable service to our clients during this with Managing Director, Ray Greatz provided with appropriate sanitisers and crisis. While I have been rehabilitating fol- followed a ‘one truck one driver” rule to mini- lowing major surgery the Management tem of toll roads, Mr Graetz said that the mise the chance of transmission of the virus Team led by Lisa Lord has stepped up to heavy vehicle industry is being well and thus ensuring a safe working environment.” the plate to provide efficiency and safety truly slugged as they are seen as a problem. Mr Graetz said that business has been in our operations. Lisa has a strong history “Road transport in Australia is the basis of patchy although, initially there had been a in accountancy and management and has our economy but governments see us as an spike in business supplying essential items shown great commercial instincts together easy taxing source,” he said. including large numbers of loads of toilet with a strong concentration on safety in The road transport industry is highly the workplace. The whole team is to be competitive and there are some opera- congratulated on their performance in very tors who think they can absorb the toll trying conditions”. costs. All they do is make it more difficult Commenting on the opening of for those operators who strive to maintain 20 years NorthConnex and Sydney’s extensive sys- strong safety systems.” supporting our community
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CENTRAL COAST BUSINESS REVIEW AUGUST 2020
20-CCBR-0258 CCBR Aug.indd 9 31/7/20 10:10 am 10 BUSINESS BRIEFS
James Heddo returns to the Coast My main goal will be to secure the Clubs / Accountant, Jarrod Julian, Senior long term future with a significant exten- Accountant and Anthony Fowler, sion of the land lease agreement with Accountant. Central Coast Council. Mr Powell runs the Mayfield office along with business partner Warren Watson.. Accounting firm locates to Tuggerah Business Park Erina barber retires
James Heddo
Former CEO of the Gosford Race Club and currently Executive General Manager – Racing Services at the Australian Turf Club returns to the Central Coast this month as Jarrod Julian, Kieran Powell, Anthony Fowler and CEO of Terrigal Bowling Club. Stephanie Iturria Scott and Aaron Bolton and Steve Monk Mr Heddo has held several senior posi- tions at the Australian Turf Club over the Accounting firm Powell Enterprises has Well known Erina barber Steve Monk has past 5 years and was Acting CEO for 12 relocated their Central Coast office from the retired and sold his T53 Barber Shop busi- months during his tenure. home of Director, Kieran Powell to Unit 8, 1 ness at Fountain Plaza Erina to his two for- During his 8 years at the Gosford Race Bounty Close, Tuggerah Business Park. mer apprentices. Club he transformed the organisation, now Established in 2013 Powell Enterprises Mr Monk opened T53 Barber Shop at known as The Entertainment Grounds, into with an office at Mayfield in Newcastle, has Fountain Plaza some 12 years ago after a premier events location with indoor and outgrown their home office at Wamberal many years at Erina Fair. outdoor facilities for festivals, weddings and and needed additional extra space to With 36 years in the business Mr Monks exhibitions as well as horse racing. accommodate staff. said it was time retire. Mr Heddo takes up his position at Terrigal Prior to establishing Powell Enterprises Mr Monk opened T53 Mens’ Hair in Erina Bowling Club from mid-August. Mr Powell worked for ten years with a top Fair in 1993 and remained there until 2008 The Terrigal Bowling Club has been part tier accounting firm as Practice Manager. having gone through a number of moves of the local Community for over 70 years. Powell Enterprises specialises in business to accommodate Erina Fair’s expansions. In the last 12 months, over $500,000 advice to small and medium enterprises, New owners are brothers Scott and has been spent on upgrades to the venue, taxation compliance and asset acquisition. Aaron Bolton both of whom started as including new bathrooms and air condi- The Powell Enterprises team includes; apprentices eight and six years ago and tioning. Stephanie Iturria, Office Manager remained with Mr Monks.
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CENTRAL COAST BUSINESS REVIEW AUGUST 2020
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Mhairi MacLeod awarded Asset Finance Bouffant – A bakery café for Gosford Broker of the Year
Mhairi MacLeod
Well known finance broker, Mhairi MacLeod, Founder and CEO of Astute Ability Group has been awarded the 2020 National Asset Finance Broker of the Year Award at the zoom Andrew Mansfield inside Bouffant Café in Gosford Australian Broking Awards held last month. This award recognises the broker that Andrew Mansfield and Markus Kung, a Gosford near the Australian Taxation Office. specialises in asset finance and is best ser- Spanish patisserie chef, who operate In the next few months they will open a vicing the asset finance needs of their cli- Ooomph Café at East Gosford and earlier Bouffant shop in Pine Tree Lane, Terrigal ents. Asset finance includes, but is not lim- this year took over The Bakery (soon to be Mr Mansfield opened Ooomph in 26a ited to, business and consumer car finance, renamed Bouffant) at 101a Victoria Street, Adelaide Street, East Gosford in 2005 as an and equipment and leasing finance. East Gosford have opened a new café in organic and gourmet food store which has Additionally, she was a finalist for the Gosford CBD also called Bouffant. been very successful and become very well Industry Thought Leader of the Year award Bouffant is a new brand name which the known. and Social and Community Engagement two plan to roll out in other locations. The Program of the Year. concept of Bouffant is based on the hugely The Australian Broking Awards, hosted popular Spanish bakery, Granier, whose Argyle Estates by The Adviser, recognises the outstanding owner mastered the formula of crafting Business Brokers Argyle Estates contribution of professionals and businesses quality pastries at an affordable price. EST. OVER working within the broking industry across 28 Bouffant specialises in baked delicious Buying or selling 40YEARS categories. From individual brokers to support goods which they tag as “Fluffy Goodness a quality business, contact the experts staff, mentors, aggregators, and mortgage for Everyone”. on the Central Coast industry leaders, the national awards program Bouffant Gosford is located on the lower 024332 6555 is the pinnacle event for recognising talent in level in the heritage listed building on the the Australian broking industry. corner of Georgiana Terrace and Mann Street, [email protected] Graham McMullen – Licensee F.A.I.B.B. 0419326555
Service
CENTRAL COAST BUSINESS REVIEW AUGUST 2020
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LSPS Urgency Motion by Deputy Councillors attendance at Mayor sidelines councillors briefings and CEO updates DEPUTY MAYOR JANE Smith caught We point out that the Draft LSPS had In response to Question with Notice at last Councillors, or at least some councillors, been on Public Exhibition for 28 days Council Meeting here is the number of by surprise at Council’s 29th June 2020 and that council staff had recommend- Briefings and CEO Updates that councillors Extraordinary Meeting with an Urgency ed adoption of this Strategy. have attended. Motion amending the Local Strategic Consolidated Local Environment Plan Individual Councillor attendance at the 78 Planning Strategy, recommended by council and Development Control Plan deferred Briefings and 12 CEO Weekly Updates where staff following a period on public exhibition. Meanwhile the Consolidated LEP attendance was recorded is detailed below: Council has been dragging its feet getting and DCP remains in limbo following the LSPS adopted by the 1st July with coun- a decision by Council to approve its Councillor Party Briefings CEO cillors trying to put if off for 12 months. deferral by Deputy Mayor Jane Smith in Weekly Trouble is the Planning Minister said “NO”. December who said that they needed Updates So it had to go out on Public Exhibition for time for legal advice on council’s ability Of 78 Of 12 28 days until 8th June and that saw hundreds to rezone privately owned land hold- Best IND 17 1 of comments which had to be considered ings. She also wanted an updated table Burke LIB 58 1 and bought into the 286 page document. that compared the proposed changes Gale LIB 42 5 At Council’s 9th June Ordinary Meeting with the former Gosford and Wyong Greenaway IND 64 9 Councillor Smith and Councillor Vincent councils’ plans, which this process was moved a Motion of Urgency “that Council con- consolidating, and a briefing on the Hogan ALP 64 12 sider the Local Strategic Planning Statement environmental and urban edge review. Holstein IND 60 11 as a matter of urgency”, was agreed to. Councillors were unanimous in voting MacGregor ALP 61 9 This Urgency Motion, which comprised for the deferral. Marquart LIB 20 0 some 27 amendments to the Draft LSPS The LEP and DCP were out on public Matthews ALP 48 9 comprised in the Meeting Agenda (which exhibition from late 2018 until March McLachlan IND 58 3 Councillors received 14 days before the 2019 and attracted 756 written submis- meeting so that they had time to inform sions. The consolidation of the former Mehrtens ALP 59 3 themselves of the matters to come before Gosford and Wyong planning instru- Pilon LIB 43 6 council) was not made available to council- ments is the first stage in writing a Smith IND 72 12 lors until about one hour prior to this meet- Central Coast Comprehensive LEP. Sundstrom ALP 70 12 ing. We are aware that Councillor Best voiced Under rules set by the State Vincent ALP 38 9 his concern that no Councillor could have Government when it amalgamated the had sufficient time to study and make an two councils in 2016, the LEP had to be informed decision on the 27 amendments to completed by July 26, 2020. That will Leadership Deficit the Draft LSPS which is 286 pages long. not be happening any time soon. Syndrome following storm The disastrous storm that struck the Central Plans for a Gosford Regional Library move forward Coast on 16th July causing damage to homes on the beach at Wamberal and At its 13th July meeting Council received October 2020 with documentation and threatening many others resulted in an a report detailing progress on the Gosford cost estimates. That Council approve Extraordinary Meeting of Central Coast Regional Design Opportunity. additional budget of up to $550k to fund Council which turned out to be a game of Three options were provided: design development and documentation how to pass the buck. 1. Council voted to continue to develop for Development Application. This option is At no point did anyone - councillors or designs and documentation for Gosford not recommended. staff do anything other than to try and work Regional Library as per Resolution 1274/19 3. That Council undertake designs of both out how to avoid liability. and report back to Council in August 2020 options 1 and 2 and report back to Council When asked whether residents could carry prior to Development Application submis- in September 2020 for a decision on the out their own emergency work Planning sion. preferred option for the Regional Library. Director Scott Cox pointed out that any This will provide the community with That Council approve additional budget remedial or emergency works would require a a Library building that is a minimum of of up to $550k to fund design develop- Development Application which would have 4000m², including multiple meeting spaces, ment and documentation for Development to be referred to the Local Planning Panel. large function space, Council customer Application. This option is not recom- (Earlier this year the Minister for Planning service centre, incubator spaces and maker/ mended. had taken Councils planning powers away creator spaces. In the end Council took note of the from them and replaced them with a Local This approach provides the least risk from a report and requested the CEO to continue Planning Panel) funding and delivery perspective. to develop designs and full documentation After spending most of the meeting This option is recommended. for a standalone library consistent with the time working out a suitable Resolution 2. That Council halt works on design devel- resolution of 9 December 2019. Mayor Lisa Matthews called on the State opment of standalone Library (option Those voting FOR: Mayor Matthews, Government to declare a natural disaster so 1) and proceed to develop designs for Councillors Burke, Gale, Greenaway, Hogan, that Council would have access to funds to Gosford Regional Library that includes an Mehrtens, Smith and Sundstrom repair damaged infrastructure. additional level of administration/ com- Voting AGAINST: Councillors Best, Meanwhile 18 homes have been mercial office space and carparking and MacGregor, McLachlan and Vincent declared unsafe with residents given two report back to Council in September/ ABSTAINING: Councillor Pilon hours to get out.
CENTRAL COAST BUSINESS REVIEW AUGUST 2020
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Councils amalgamation cost Sydney builder gets How a young boy fled ratepayers $38.7 million contract to build Chairman Mao's China to a At Central Coast Council’s July 27 meeting new life on the Central Coast Councillor learned that the amalgama- Warnervale School tion of Gosford and Wyong Councils cost Sydney construction company Richard a total of $48.7 million of which the State Crookes Construction has been awarded Government contributed $10 million. the contract to build a new primary school Council’s Operational Plan 2020-21 which at Warnervale. Council adopted says, among other things, Parliamentary Secretary for the Central that it will take until June 2022 to complete Coast and Member for Terrigal Adam the amalgamation process. Crouch welcomed the contract award mile- A number of the remaining projects and stone. actions that need to be addressed include “This represents the latest step in this the consolidated Local Environment Plan major project which will provide high- and Development Control Plan, rates har- quality educational facilities for families at monisation and the introduction of new IT the northern end of the Central Coast,” Mr systems, prior to being fully consolidated. Crouch said. Council has budgeted $564.3 million for “The facilities will include 20 air-condi- the delivery of essential services and $225 tioned classroom spaces, a library, hall, can- million for capital works across the local teen, OSHC, toilets, a drop-off and pick-up government area. zone, and staff and administration spaces. Dr Andrew Kwong was Mayor Lisa Matthews said the Operational “The school will be built to accommo- born in Zhongshan in Plan responded to these unprecedented date 460 students and can be expanded in the Pearl River Delta, times and ensured Council could deliver the future to fit around 1,000.” China, and educated in essential services within its financial means Mr Crouch said main works construc- China, Hong Kong and without letting go of long-term goals for the tion would generate hundreds of jobs and Australia. Central Coast community. pump millions into the local economy. He is one of the “We have had to make income and “This construction project is valued at Central Coast’s most expenditure adjustments which means approximately $31.9 million and will pro- respected medicos. In that some capital works projects have been vide jobs for 225 Sydney workers. 1979 he moved with his wife Sheree and deferred and others have been prioritised three children and established the Renwick for this financial year. Street Medical Practice in Wyoming where “We also have $33million in additional Club Wyong RSL he continues to practice. capital works projects which are pending confirms amalgamation He has published many short stories external grant funding, or are ‘gated’ pro- and has been the recipient of numer- jects where the funding is released once discussions proceeding ous writing awards and fellowships. His the project meets set criteria to continue,” with Mounties Group upbringing during the Great Leap Forward said Mayor Matthews. was seminal. Those brutal times contrasted CEO Gary Murphy added that Council Club Wyong RSL has confirmed that it is with the affection he received from his fam- would continue to respond to the evolving currently in discussions with Mounties ily and friends, which ultimately shaped his economic and public health situation, and Group regarding a potential amalgamation, determined and hopeful spirit. also actively seek additional revenue opportu- following an expression of interest released Andrew Kwong was only seven when nities through grant funding and other means. in early 2020 to engage merger parties. he witnessed his first execution. The grim “More than ever, our operating environment As a smaller community club operating scene left him sleepless, anxious and is dynamic and constantly changing as we in a competitive market, Club Wyong RSL doubtful about his fervour as a revolution- respond like other businesses to the impacts has been facing increased pressure to con- ary in Mao’s New China. Yet he knew if of the Coronavirus on the local economy and sistently grow and improve its services and he devoted himself to the Party and its household expenditure,” said Mr Murphy. facilities in order to attract members and Chairman he would be saved. That’s what "We are not standing still. We will be retain support within the community. his teacher told him. reviewing Council’s financial performance Chief Executive Officer of Club Wyong Months later, it was his own father on throughout the year and making sound RSL, Angela Sanders said that eight trial. This time the sentence was banish- financial decisions about where we should confirmed expressions of interest were ment to a re-education camp, not death. It focus spending aside from our delivery of received, with the Board choosing to move left the family tainted, despised, and with essential services. For instance, what more forward in discussions with Mounties few means of survival during the terrible we can do to provide economic stimulus Group. years of persecution and famine known for our region, helping local businesses get “Like many other clubs across the state, as the Great Leap Forward. Even after his back on their feet faster,” said Mr Murphy. we strive to keep pace with commu- father returned, things remained desper- The 2020/21 Operational Plan fore- nity expectations and with this comes an ate. Escape seemed the only solution, and casts Council’s operating income as $551 increase in costs and a push to become a it would be twelve-year-old Andrew who million, leaving an estimated budgeted more financially viable operation,” said Mrs undertook the perilous journey first. operating deficit of $13.3 million excluding Sanders. This is the poignant, resonant story of a capital grants and contributions. This differs The Board of Club Wyong RSL and young boy’s awakening - to survival, educa- to the forecasted operating deficit of $32.5 Mounties Group commenced amalgama- tion, fulfilment, and eventually to a new life million in the publicly exhibited plan due tion discussions in March 2020 and are of freedom. to income an expenditure adjustments as a working towards the development of a HarperCollins – Available at all major result of Coronavirus impacts. Memorandum of Understanding. bookstores and as audio and eBook
CENTRAL COAST BUSINESS REVIEW AUGUST 2020
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COMMERCIAL AND INDUSTRIAL PROPERTY FOR SALE/LEASE
FOR SALE PROPERTY OF THE MONTH FOR SALE / LEASE WARNERVALE - INDUSTRIAL DEVELOPMENT TUGGERAH - QUALITY INDOOR AQUATIC CENTRE! Architect design, concrete panel construction, IN1 LISAROW - This excellent facility must be leased or sold & zoned. This premier industrial development is ideally FREEHOLD INDUSTRIAL represents a unique opportunity to secure a very high- situated on the Sparks Road M1 Interchange. quality aquatic centre. 1,140m2 approx. under roof. FOR SALE – FROM $410,000 + GST FOR SALE/LEASE – EXPRESSIONS OF INTEREST WYOMING - PRIME SHOWROOM / OFFICE 2 vacant strata units in 1 line, each unit is approx. FOR LEASE 135m2. Zoned IN1, this has been occupied for many years as a hobby shop (retail use) & is currently located between a VET & GYM. WOY WOY - FREESTANDING WAREHOUSE FOR SALE $612,000 NO GST APPLICABLE Industrial or showroom use (STCA), approx. 500m2 Inc Mezz & hardstand. Refurbished amenities inc toilet, WEST GOSFORD – QUALITY FACTORY BAY shower & kitchen. Double street access, high bay LED High/wide roller door, kitchen, LED lighting, toilet, lighting, Epoxy floors & street frontage. shower, office, air-con, new carpet, natural light, 5 FOR LEASE $45,760 PA NET + GST car parks, area approx. 265m2 Inc storage mezzanine. Perfect for investors or owner occupier. GOSFORD - WAREHOUSE CBD LOCATION! FOR SALE $595,000 + GST (IF APPLICABLE) The freehold lot is 1.055 Ha approx. has huge Factory/showroom approx. 139m2, tilt panel concrete construction, high roller access, great value for size & exposure with 3 street frontages & massive WEST GOSFORD - DEVELOPMENT POTENTIAL location, rear unit. Available mid April. Site approx. 4,000m2, total building area approx. 1,365, concrete hardstand. 2 separate pads with one FOR LEASE $22,000 G/PA + GST zoned IN1. 3 workshops/sheds, office/showroom, undercover work or storage area. plenty of parking, hardstand, direct main RD access. FOR SALE/LEASE - $4.8m + GST/ $293,080 WEST GOSFORD – SHOWROOM/WAREHOUSE Offers an array of outcomes for any serious developer. Glass shopfront, high clearance, approx. 643m2, 2 FOR SALE $5,200,000 + GST (IF APPLICABLE) Net PA + GST roller doors at the rear, small office area, kitchen, zoned IN1, illuminated signboard at the front. Huge FOR SALE / LEASE amount of passing traffic every day! FOR LEASE $85,000 N/PA + GST WEST GOSFORD - FREESTANDING WAREHOUSE TUGGERAH - PREMIUM OFFICES PRICED TO LEASE! WEST GOSFORD - OFFICE/ SHOWROOM Yard space, parking at front & side. Yard at rear. Consisting of approx. 410m2, 12 offices, boardroom, Approx. 430m2 ground floor office with air-con, kitchen, Approx. 1,135m2 Inc office. Loading ramp, 5 roller reception, kitchen & balcony, plus a massive “open bathrooms, open plan foyer, disabled amenities, doors, truck access. Can be divided into 3 units w/ TLC. plan” area and 2 x extra-large offices - it must be basement parking, secure site, remote gate access, Potential rental income $98,500 N/PA + GST inspected to appreciate! zoned B5 & signage available. FOR SALE/LEASE - EXPRESSION OF INTEREST FOR SALE/LEASE – EXPRESSIONS OF INTEREST FOR LEASE $107,500 N/PA + GST
Visit our website for additional properties and more information Suite 401 / 1 Bryant Drive, Tuggerah NSW 2259 Phone 4353 7700 centralcoast.ljhcommercial.com.au 87 Mann Street, Gosford NSW 2250
HUGE EXPOSURE FOR LEASE Suite 3, 36-40 Victoria Street East Gosford
High proole, ground oor, corner position. Located at main intersection on Central FOR SALE $2,095,000 FOR SALE From $150,000 5 Apprentice Dr, Berkeley Vale 4 Dulmison Avenue, Wyong Coast Highway. Customer car park on site. Freehold Industrial complex An outstanding opportunity to secure a new 1x undercover reserved space for tenant. business or storage unit within the tightly with 8 units! held Wyong business district. 122 sqm internal area. • Eight (8) factory units Awning signage area. • Proximity to major Transport options • Located on one of Wyong’s main arterial roads, and a • Modern renovation range of zoning uses. Ducted air conditioning, 3 phase power, • Multiple building upgrades completed • Select from a limited release of 18 brand new units 2 2 2 ceiling, lighting, white walls. • New roof over whole building, with clear span sheeting in ranging in size from 50m , 75m or 100m . each unit Brad Rogers 0459 921 122 Ben Purdue 0450 719 600 Lee Woodward 0414 877 780 | 02 4323 7606 [email protected] rhccc.com.au Local Knowledge & National Strength www.vcmanagement.com.au
CENTRAL COAST BUSINESS REVIEW AUGUST 2020
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COMMERCIAL AND INDUSTRIAL PROPERTY FOR SALE/LEASE Strong enquiry for Triple Two Estate Somersby
7 Palm Tree Road, Wyong From $750k Excl GST This is an outstanding new development of 5 Strata title units with completion only months away, so don’t buy off the plan and wait for years to see something completed, 7 Palm Tree Rd is only a couple of months away from occupation. With so little stock available in this mid-size industrial unit range, it will be hard to find another option of this quality and fantastic inclusions list that includes 5.7Kw Solar System, LED lighting, NBN, 3 phase power with 80 amps per phase, Container height automatic roller doors, the choice of a mezzanine floor, top of the range furnishing, + many more features.
Somersby Industrial Land - 10 Ace Road, Somersby For Sale AGENTS REPORT STRONG enquiry the rear are much larger 892sqm and Positioned in the Somersby Industrial Precinct with a Cul De Sac position this parcel of land offers a total site area for the Triple Two Estate development at 914sqm with an asking price of $1.52 of 4,475sqm (1.1 acres). Zoned IN1 General Industrial. 222 Wisemans Ferry Road, Somersby. million and $1.56 million, both with 6 Offering close easy access to the Sydney/Newcastle M1 Motorway. The parcel is suitable for owner occupiers A staged strata titled complex car spaces. and/or developers. with a total of 28 industrial units on a Karen Aubrey from LJ Hooker Ground Floor/ 91-99 Mann Street, Gosford For Lease 18,800sqm siteTriple Two Estate is being Commercial has sold two units: Premium Grade Office – 996sqm developed by Sydney developer Tony Unit 1 has been sold to local builder Quality, ground floor office space of this size, in this position, do not come available often. The space, Olding who acquired the property at Connex Management & Construction who currently setup as a call centre for nib Health Fund, auction in 2018. paid $480,000 plus GST for 209sqm unit. offers a flexible open plan design with meeting rooms, offices, a training room, abundant open plan workspace, Stage 1 comprises 7 units plus café at A kitchen manufacturer has bought and breakout spaces for staff. The office space is well the front of the complex and 3 units at Unit 5, of 231sqm. Price paid was appointed with LED lighting, ducted air conditioning, and the rear. $520,000. + GST quality amenities including a well fitted kitchen. With on-site parking, disability access, and a prime position, Those at the front range in size from Ms Aubrey said that with the this versatile space ticks a lot of boxes! 167sqm to 209sqm with prices from NorthConnex soon to open more busi- Contact: $395,000 to $490,000. The 3 units at nesses are looking at Somersby. Mark Davies 0422 442 858 Daniel Mason 0403 889 530 Chris Watson 0402 430 213 Sydney pool and spa warehouse buys at The property with no sewer connected Prices shown with * are inclusive of GST. West Gosford is leased as a storage yard for $20,394 per 4325 0208 A Sydney pool and spa warehouse has annum gross. acquired a 973sqm vacant lot at 415 Manns Price paid was $635,000 (GST not applica- 83 MANN STREET, GOSFORD 2250 Road, West Gosford. ble) or $652 per sqm www.chapmanfrazer.com.au Karen Aubrey from LJ Hooker Commercial Central Coast negotiated FOR LEASE the sale. PROFESSIONAL & SPECIALIST MEDICAL SUITES West Gosford site for Sydney business
152-154 PACIFIC HIGHWAY TUGGERAH Easy Parking, great exposure, well maintained & presented property with well known quality tenants including A 1,438sqm vacant corner lot with Trader Vics, BCF & Super Cheap Auto, PRP Radiology, Australian Clinical Labs Pathology, Fullerton Health Medical hardstand and 34sqm sales office at 2 Centre, Geriatrician; Psychologists, Dentist, Sports & Spinal Physiotherapy, Chiropractor, Cafe & more. Debenham Road South, (corner with Dyer Ideal for the Professional, Legal, Financial or Medical Specialist with sizes from 16m2 up to 95m2 suitable to Lease Crescent) has sold to a Sydney business for or Purchase. $850,000 plus GST. Features include: The buyer intends to occupy the site. • Flexible lease terms • Competitive rentals • Excellent parking The sale was negotiated by Daniel Mason • Air-conditioning, carpets, kitchenette from Chapman & Frazer Commercial Real • Balcony access for East Wing suites Estate. • Exposure of Complex to Tuggerah Straight For further details contact Julie Davies on 0402 779 186
CENTRAL COAST BUSINESS REVIEW AUGUST 2020
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TALK Agency relocates to Wyong Business Park
is 5 years with 5 year option at a rental of $50,000 per annum including Outgoings plus GST Daniel Mason from Chapman & Frazer Commercial Real Estate negotiated the lease.
Charmhaven industrial unit leased Coastline Concreting has leased a 163sqm industrial unit at 3 Fairmile Close, Charmhaven. Unit 12 of 163sqm unit is part of a com- plex of 12 units built in 2019. Terms of lease are 2 years with 1 year option at a rental of $26,000 per annum plus Outgoings and GST. The fast growing digital advertising tare Park being developed by Gibbens Ben Purdue from Raine & Horne agency TALK Agency has relocated Group. Commercial negotiated the lease. from Tuggerah Business Park to Wyong TALK are located in one build- Business Park on Pacific High opposite ing along with Glee Coffee Roasters, Logistics company leased in Tuggerah Wyong Golf Course taking 437sqm Central Life Christian Church, Patched Business Park of space that will give them space to and Pieced, Training Wheels and Evolve Wagner Logistics has leased a 156sqm grow even more. Performing Arts dance studio industrial unit at 3 Fleet Close, Tuggerah Wyong Business Park is at the centre Wyong Business Park will be home Business Park. of the Central Coast Northern Growth to the new ING Australia call centre Terms of lease are 1 year with 1 year Corridor identified in the Central Coast now under construction (See Page 7). option at a rental of $25,000 per annum Growth Plan 2036, which runs from Other major tenants include including Outgoings plus GST. Warnervale to Tuggerah with the Pacific Donaldson Australia, whose Global Ben Purdue from Raine & Horne Highway running right through it.. Headquarters are located nearby, Commercial negotiated the lease. TALK is just one of many businesses Simply Storage and Sparkle Pool taking up space in this new 8.26 hec- Interiors. Tobacco and gifts retailer leases at The Entrance A tobacco and gifts retailer has leased a 45sqm retail shop at 30 The Entrance Road, Sydney buyer outbids for Wyoming child opment or home business (STCA). The Entrance. care centre Selling agent was Anthony Scarcella from Terms of lease are 5 years with 5 year LJ Hooker Commercial Central Coast option at a rental of $18,000 per annum including Outgoings plus GST. LEASINGS Ben Purdue from Raine & Horne Commercial negotiated the lease. Café adjoining ATO Building leased Restaurant leased at The Entrance A fully equipped restaurant, once known as The Old Bank Café at 115 The Entrance Road, The Entrance has been leased for 2 years with no option. Terms of lease for the 95sqm premises is Some 15 registered bidders turned up for $58,000 per annum including Outgoings the auction of a Department of Housing plus GST. community centre at 90 Maidens Brush Ben Purdue from Raine & Horne Road, Wyoming on 4th July. In the end it Commercial negotiated the lease. got down to three bidders, all from Sydney, The café in the heritage listed building on who bid the price up to $1,362,000 - the corner of Mann Street and Georgiana Homewares retailer leases at Long Jetty $462,000 over the reserve. Terrace, Gosford and adjoining the ATO A homewares retailer has leased a 167sqm The property on a 1,992 sqm site area building has been leased to Ooomph retail shop at 266 The Entrance Road, Long comprised a 360 sqm childcare centre had Australia Pty Ltd Trading as Bouffant, a Jetty. DA Approval for a 45 child childcare centre. Central Coast bakery. Terms of lease are 3 years with 3 year R2 zoned site with a surplus land area The property had been leased to the option at a rental of $46,800 per annum allowing for compatible uses incl. medical operators of Jimmy G’s which closed at the including Outgoings plus GST. centre, residential, land subdivision (mini- end of 2019. Ben Purdue from Raine & Horne mum lot size 550sqm), townhouse devel- Terms of lease for the 118 sqm space Commercial negotiated the lease.
CENTRAL COAST BUSINESS REVIEW AUGUST 2020
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In the shadow of COVID-19 – Sharpening your team for an uncertain future
nation. Adverse action emerges where an As a result, the staff member’s employment is employee asserts the reason they were terminated. The trick to redundancy for most terminated was because they complained staff who are covered by awards is to show about issues to do with their employment that you have “consulted” prior to making (i.e. having to work overtime or not being the final decision. Generally, this will involve allocated enough overtime) or simply exer- meetings to discuss your plans prior to them cising a workplace right (using their person- being terminated. By Warwick Ryan, al leave or making a workers compensation Termination by way of a redundancy has Partner, Hicksons claim). If they establish that element and an additional cost attached to it of up to 16 Lawyers that they were then terminated the onus weeks pay, depending upon the employee’s then falls on the employer to show that nei- length of service (in addition to other enti- ther the complaint nor the exercise of the tlements). But not (apart from a few excep- CENTRAL COAST BUSINESSES con- workplace right factored in the decision to tions around the construction industry), if tinue to travel in a very uncertain world. terminate the employee. That is not always the employer has less than 15 employees. Businesses cannot afford to have underper- an easy task. 4. Employees with long term illness or forming or problem employees at a time If this is not well handled, the dam- injury - Finally, a basis for termination can when margins are tight. ages can be considerable - $600,000 in a arise if an employee is not able to return to We know that terminating employment recent case. their role because they have an injury or a of staff in 2020 is not simple, but is it still 2. Misconduct/poor performance as a condition that prevents them from doing an option? reason for terminating employment – so. There are threshold periods before The short answer is: ‘Yes”, and here are the Where poor performance or misconduct you can take that step of 3 months and alternatives: is the reason for the termination, there is 6 months respectively, depending upon 1. Termination without process for some a well known process involving (often) whether the injury/condition is acquired employees: If the employee is still in the investigations, meetings, discussion and outside work or as a result of work. There first 6 months (12 months for businesses at least 2 letters of warning before the are processes involved in establishing future with < 15 employees), businesses can ter- termination. In essence, there must be a incapacity and – the obligatory – consulta- minate them without providing a reason. valid reason and a fair process to avoid the tion, prior to termination In fact, for no reason at all. The employer ire of the Fair Work Commission. Of course, It is important for any business to review needs to pay the notice under the Fair Work if the misconduct is serious enough (i.e. employee numbers and performance on a Act or the contract (whichever is the great- violence or theft) the letters of warning regular basis. In these tricky times – even er), then you are good to go. For a small can be dispensed with. Many employers more so. Letting go of non-performing or minority of employees whose roles are not get caught out in a failure to follow a fair disruptive employees can transform the covered by awards and earn more than process (remembering that FWC tends to culture of a workplace – as dedicated and $153,600 pa, this right for employers to heavily favour employees when considering enthusiastic employees can get on with terminate at will, applies throughout their what is fair). their work without being undermined. employment. In either situation, you do 3. Redundancy - Businesses have found their Now, more than ever is the time to end not even need to meet with the employee. needs for employees has fallen away, leaving up with the team you need to run your There is always a qualification and the redundancy as a reasonable option for termi- business at its optimum. You will need ‘but’ in this situation is an avenue for legal nating employees. Redundancy arises where every advantage on your side in these trou- remedy called ‘adverse action’ and discrimi- a role is no longer needed by the business. bled times.
ness owners to determine the financial 3. Following up MIND YOUR BUSINESS position of your clients and customers, If the client is slow to pay, it is important and to build a system that is fair, respect- to have a combination of automated fol- ful and courteous to all. low-up processes and a personal touch. 1. Pre-payment Applications like Debtor Daddy (funny By Troy Marchant, Pre-payment of a percentage or all of an name) and Apxium are effective reminder Director, Adviceco invoice is ideal for cash flow purposes. If tools that can link directly to your Chartered you are in a service industry, have a plan accounting software. They’re especially Accountants for how you will manage a charge for effective for forgetful yet capable debtors. unforeseen and additional changes to A personal touch is necessary to the job. understand the cause of the slow pay- Debtor Management 2. Immediacy ment and to navigate the often strong during COVID-19 If you invoice upon completion or provi- emotions that accompany financial sion, an invoice should be issued on the issues. If you believe a client or customer DEBTOR MANAGEMENT IS an abso- spot for immediate payment. Accounting is genuinely in financial distress, convey lutely crucial element of cash flow free- software such as Xero will help you to your understanding and have a flexible dom for business. Although, collecting issue the invoice straight away, and take process and payment plan available to debts in the middle of a financial crisis immediate payment via eft, card or cash offer. If you have reason to believe the can be a sensitive task. Many debtors using a mobile or desktop device. This is client is capable of paying, a personal and may be in financial distress. Others (and effective because the customer still feels sensitive explanation of your position and let’s hope less frequently) may be using the value of the product or service you necessity to pursue payment via auto- COVID-19 as an excuse. It is up to busi- have provided. CONTINUED ON PAGE 18
CENTRAL COAST BUSINESS REVIEW AUGUST 2020
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Re-cap: The national economy and JobKeeper
• Our national net debt is expected Table A to be $488.2 bil- lion (24.6 per cent of GDP) at 30 June 2020 and increase to $677.1 billion By David Evers, (35.7 per cent of Managing Director GDP) at 30 June of AdviceCo 2021. • As a result of the IN JULY, THE Federal Government pro- pandemic around vided an update on our national economic 709,000 jobs were position, and separately announced some lost across the changes to its COVID-19 support schemes country in the June for business. quarter. It’s safe to say that the preservation of • The unemployment jobs is the economic survival and recovery rate is forecast to Table B strategy. peak at around The news is, and will continue to be, 9¼ per cent in the sobering for business owners who are December quarter staring in the face of prolonged economic although labour strain. market conditions We share the below summary not to cast are expected to further shadow, but to encourage a realis- strengthen beyond tic perspective, awareness of the support 2020. options available, and strength to define • Further temporary and achieve your own business success and targeted stimu- within our new environment. lus measures will An economic summary (see Table A): include: • The government stimulus has so far - Extended totalled $289 billion or the equivalent of JobKeeper 14.6 per cent of GDP. scheme to March • The government has, and will, forego 2021 ii. $650 per fortnight for employees on taxes in the form of discounts of - JobTrainer Fund and Support for less than 20 hours Pre-COVID-19 $31.7 billion in 201920 and $63.9 billion Apprentices and Trainees wage subsi- in 202021. dies Changes to eligibility • The underlying cash balance is forecast - COVID-19 specific health, hospital and Turnover tests will be reapplied for each to decrease from balance in 2018-19 to pharmaceutical funding. quarter: a $85.8 billion deficit in 2019-20 and a • For December Quarter, the turnover $184.5 billion deficit in 2020-21. This is a moment in history. Businesses needs to have dropped in both the June • Within the global context, all three major are being tested for their agility, their abil- and September quarters. credit ratings agencies having now reaf- ity to source and retain their ideal internal • For the March quarter turnover needs firmed Australia’s AAA credit rating dur- and outsourced specialist teams, and their to have dropped in each of the June / ing the pandemic. defense strategies. But as history suggests, September / December Quarters. it is absolutely possible to come back (see Table B). The current structure of $1,500 per fort- Debtor Management night per employee for businesses expe- during COVID-19 JobKeeper is extended: riencing a 30% downturn (15% for Non- The JobKeeper Payment is now extended profits, 50% for businesses with a turnover CONTINUED FROM PAGE 17 beyond the original date of 27 September of more than $1 billion) will continue until matic process is advised. You may wish 2020 to 28 March 2021, and has some 27 September. to offer a payment plan in this case too. changed business eligibility terms. The Prime Minister described the need The ACCC has introduced new Changes to the payment for the changes to target businesses and boundaries and rules in relation to debt 1. For the October-December Quarter there workers under sustained pressure due to collection during COVID-19. If you are will be a 2-tier entitlement: COVID-19 and to wean businesses off gov- struggling to secure payment, always i. $1200 per fortnight for employees on ernment support. check your options with your account- 20+ hours per week Pre-COVID-19 With this new information, businesses ant and build a measured plan. ii. $750 per fortnight for employees on must plan their financial and cashflow Troy Marchant is a Chartered less than 20 hours Pre-COVID-19 position for each upcoming quarter. Accountant and cash flow specialist. To 2. For the January-March Quarter there will For more information or support with talk to Troy about debtor management, be reduced 2-tier entitlement JobKeeper, contact us on mail@advice- email [email protected] i. $1000 per fortnight for employees on co.com.au or 02 4320 0500, or visit our 20+ hours per week Pre-COVID-19 website: www.adviceco.com.au
CENTRAL COAST BUSINESS REVIEW AUGUST 2020
20-CCBR-0258 CCBR Aug.indd 18 31/7/20 10:10 am FUNNY BUSINESS 19
TWO GUYS, ONE old, one young, are the senior lady replied, “I’m wondering, yet she stayed by his bedside every single pushing their carts around Woolworths then, just how serious is my condition day. When he came to, he motioned for when they collide. because this prescription is marked ‘NO her to come nearer. As she sat by him, he The old guy says to the young guy, “Sorry REPEATS’. said, “You know what? You have been with about that. I’m looking for my wife, and I me all through the bad times. When I got guess I wasn’t paying attention to where I Two small boys, not yet old enough to be fired, you were there to support me. When was going.” in school, were overheard talking at the zoo my business failed, you were there. When The young guy says, “That’s OK, it’s a one day. “My name is Billy. What’s yours?” I got shot, you were by my side. When we coincidence. asked the first boy. “Tommy,” replied the lost the house, you gave me support. When I’m looking for my wife, too... I can’t find second. “My Daddy’s an accountant. What my health started failing, you were still by her and I’m getting a little desperate.” does your Daddy do for a living?” asked my side… You know what?” “What dear?” The old guy says, “Well, maybe I can help Billy. Tommy replied, “My Daddy’s a lawyer.” She asked gently. “I think you bring me bad you find her... what does she look like?” “Honest?” asked Billy. “No, just the regular luck.” The young guy says, “Well, she is 27 yrs. kind”, replied Tommy. old, tall, with red hair, blue eyes, is buxom A businessman who needed millions of ...wearing no bra, long legs, and is wearing A young accountant, straight out of uni, dollars to clinch an important deal went to short shorts. applies for a job advertised in the Sydney church to pray for the money. What does your wife look like?’ Morning Herald. He is interviewed by the By chance he knelt next to a man who To which the old guy says, “Doesn’t mat- owner of a small business who has built was praying for $100 to pay an urgent debt. ter, --- let’s look for yours.” it up from scratch. “I need someone with The businessman took out his wallet and an accounting degree,” says the man, “but pressed $100 into the other man’s hand. Attending a wedding for the first time, a mainly I’m looking for someone to do my Overjoyed, the man got up and left the little girl whispered to her mother, “Why is worrying for me.” church. the bride dressed in white?’’ “How do you mean?” says the account- The businessman then closed his eyes The mother replied, “Because white is the ant. and prayed, “And now, Lord, that I have your colour of happiness, and today is the happi- “I have lots of things to worry about, but undivided attention….” est day of her life.” I want someone else to worry about money The child thought about this for a matters.” moment then said, “So why is the groom “OK,” says the accountant. “How much are wearing black?” you offering?” “You can start on seventy-five thousand,” Quote of the month A distraught senior citizen phoned her says the owner. doctor. “Seventy-five thousand dollars. How can “If your business requires your “Is it true,” she wanted to know, “that the a business like this afford to pay so much?” presence you don’t have a medication you prescribed has to be taken “That,” says the man, “is your first worry.” business you have a job.” for the rest of my life?” “’Yes, I’m afraid so,”’ the doctor told her. A woman’s husband had been slipping Benjamin Franklin There was a moment of silence before in and out of a coma for several months,
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CENTRAL COAST BUSINESS REVIEW AUGUST 2020
20-CCBR-0258 CCBR Aug.indd 19 31/7/20 10:10 am EXPERIENCE THE ICONIC BMW 3 SERIES RANGE WITH AN EXTENDED TEST DRIVE.
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20-CCBR-0258 CCBR Aug.indd 20 31/7/20 10:10 am