Bar Beach Retail Investment Opportunity for Sale at Auction
A boutique retail investment in the inner Newcastle suburb of Bar Beach is being offered for sale via auction by Ray White Commercial Newcastle.
The offering at 1/295 Darby Street, Bar Beach, is being marketed by Ray White Commercial Newcastle’s Lee Follington and Beau Russell.
Lee Follington said the property includes two boutique retail shops as well as a renovated two-bedroom unit and is returning net rental of approximately $79,220 per annum.
“This outstanding investment ticks all the boxes by delivering diversified cash flow from three separate tenancies,” he said.
“The offering comprises two tenanted retail spaces and a two-bedroom unit. All are freshly renovated and immaculately presented. There are also two garage spaces.”
Beau Russell said the property enjoys the best of Newcastle’s beachside lifestyle.
“The property has exceptional exposure to Darby Street and Parkway Avenue and offers enviable tenant appeal,” he said.
“The total package provides an outlook that many investors can only dream of.”
The property will be auctioned at 6.30pm (AEDT) on Wednesday, March 8, 2017, in rooms at 545 Hunter St, Newcastle.