Newport
10 & 14/331-335 Barrenjoey Road
Auction
SOLD CONTACT AGENT
170 sqms
Key details
Property Type
Retail
Water
$0 / Quarter
Council
$0 / Quarter
Strata
$0 / Quarter
Lease Expiry
2024-06-10
Highlights
Tightly Held Beachside Retail Opportunity
Upstate Commercial, as exclusive agents are proud to present Shop 10-14/331-335 Barrenjoey Road, Newport for sale by Public Auction.
Upstate Commercial, as exclusive agents are proud to present Shop 10-14/331-335 Barrenjoey Road, Newport for sale by Public Auction.
This investment is situated in the best street position in the highly-sought after suburb of Newport and has been operating as a restaurant since 1993 with no vacancies for over 27 years. The shop has only ever had 3 restaurants operating.
Made up of 2 lots, one fronting Barrenjoey Road, the other fronting the food court yard area. These lots can be split and rented separately, or even sold separately. The property provides a fully leased and licenced premises, locking in your investment income with annual 3% reviews and a long 5x5 year lease term. This is a truly rare offering that will appeal to many astute investors.
* Long 5x5 year with 3% fixed annual reviews
* Strong secure net return, $96,820 per annum
* 170sqm area plus under cover parking close by
* Undercover outdoor loading dock/delivery area
* High foot traffic location with main road exposure
* Grease Trap and Ventilation
* DA approval, fully licenced, BYO restaurant
* Seats up to 132 guests internally and 16 outdoor
Positioned on Western side of Barrenjoey Road in Newport, and is nestled in this beach side suburb's busy & vibrant restaurant hub. Close to the bus stop, other eateries, BWC, and the council car park. Barrenjoey road provides access to the greater Northern Beaches from Avalon to Manly. Only 500 metres to Newport Beach, 2.3km to Royal Prince Alfred Yacht Club, and 1.2km to Newport Public School.
Call Paul Cunningham on 0413 161 661 today for your inspection.
**All prices are per annum and quoted areas/measurements are approximations only**
This investment is situated in the best street position in the highly-sought after suburb of Newport and has been operating as a restaurant since 1993 with no vacancies for over 27 years. The shop has only ever had 3 restaurants operating.
Made up of 2 lots, one fronting Barrenjoey Road, the other fronting the food court yard area. These lots can be split and rented separately, or even sold separately. The property provides a fully leased and licenced premises, locking in your investment income with annual 3% reviews and a long 5x5 year lease term. This is a truly rare offering that will appeal to many astute investors.
* Long 5x5 year with 3% fixed annual reviews
* Strong secure net return, $96,820 per annum
* 170sqm area plus under cover parking close by
* Undercover outdoor loading dock/delivery area
* High foot traffic location with main road exposure
* Grease Trap and Ventilation
* DA approval, fully licenced, BYO restaurant
* Seats up to 132 guests internally and 16 outdoor
Positioned on Western side of Barrenjoey Road in Newport, and is nestled in this beach side suburb's busy & vibrant restaurant hub. Close to the bus stop, other eateries, BWC, and the council car park. Barrenjoey road provides access to the greater Northern Beaches from Avalon to Manly. Only 500 metres to Newport Beach, 2.3km to Royal Prince Alfred Yacht Club, and 1.2km to Newport Public School.
Call Paul Cunningham on 0413 161 661 today for your inspection.
**All prices are per annum and quoted areas/measurements are approximations only**
Contact the agent
Newport Neighbourhood Profile
History, serenity, and a vibrant community - all in the comfort of your own private peninsula. Newport is one of few places on Australia’s mainland where you can see the sunset and sunrise over water. And in between the two, you’ll be hard-pressed to enjoy all the sights and sounds that make the area unique. In Newport, you can enjoy a comfortable, community-driven lifestyle without disconnecting from Sydney’s CBD.
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Insights & knowledge
Understanding the Northern Beaches like the back of our hands allows us to offer impeccable levels of service and elicit
the most favourable sale price (we also know the best local surf breaks, if you’re interested).
the most favourable sale price (we also know the best local surf breaks, if you’re interested).
Property finance tips, advice and predictions from Upstate’s partner, Catalyst Financial Advisors.
19 May 2022
