Sold
Retail

1/295 Darby Street Bar Beach, NSW 2300

Sold for $1,275,000 on 9 Mar 2017
  • Building: 165m²
Agents

Sold By

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Retail in Bar Beach

A Rare Opportunity for the Discerning Investor

  • Building: 165m²
  • 2 x boutique retail shops
  • Renovated 2 bedroom unit
  • 2 x garage spaces
  • Enormous secure storage space
  • Net return $79,220* pa

This outstanding investment ticks all the boxes. Delivering diversified cash flow from 3 separate tenancies consisting of 2 boutique retail spaces & a 2 bedroom unit all freshly renovated and immaculately presented.

The property embodies the beachside lifestyle & has exceptional exposure to Darby Street & Parkway Avenue. It offers enviable tenant appeal providing an outlook that many investors can only dream of.

Annual Outgoings Estimate
Strata: $6,505*
Council rates: $1,753*
Water rates: $1,080*
Total: $9,338*

*Approximately

For Sale by Auction:
Wednesday 8 March 2017 at 6:30PM
In room 545 Hunter St Newcastle

Open For Inspection:
Monday: 10-10:30AM
Thursday: 5-5:30PM

Building:

165m²

Zone:

B1 Neighbourhood Centre

Water:

$1,080 Annually

Council:

$1,753 Annually

Strata:

$6,505 Annually

Investment Information

Tenancy Status:

Currently Vacant

Current Annual Nett Income:

$-18,677 *

Current Annual Other Outgoings:

$9,338 *

Current Annual Total Outgoings:

$18,677 *

Estimated Gross Yield:

N/A (Marketed Without Price)

Estimated Nett Yield:

N/A (Marketed Without Price)

* The rental income figures are based on an estimate by the selling agent of the likely amount the property would rent for if marketed for lease

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

* The rental income figures are based on an estimate by the selling agent of the likely amount the property would rent for if marketed for lease

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

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