This landmark beachside building is located alongside Newcastle's most prestigious residences in the heart of what is referred to as 'the golden triangle'. Set on over 900sqms, it's steps from Bar Beach, Darby Street and The Junction Village. Currently configured as four partially renovated, 2 bedroom, short term rental apartments, the opportunities are limitless.
Each apartment features two double bedrooms with built-in robes, a modern kitchen and bathroom and spacious living and dining areas. A viable investment as it stands, the building would also lend itself to restoration, returning it to its original grandeur as a magnificent one family residence, or, equally it would be suitable as two townhouses. Retained as four apartments and renovated, it could be let as five star short or long term rentals. Alternatively, the apartments could be converted to strata and sold off separately (STCA).
Enjoy living a relaxed coastal lifestyle every day from this most sought-after location. Wander to the beach in the morning for a refreshing dip then stroll to Darby Street for some lunch and a spot of shopping in Newcastle's coolest shops. Catch a game at No.1 Sportsground in the afternoon and in the evening, head to The Junction for dinner and a drink at the Junction Hotel.
The size of Bar Beach is approximately 0.5 square kilometres. It has 4 parks covering nearly 33.2% of total area. The population of Bar Beach in 2011 was 1,124 people. By 2016 the population was 1,236 showing a population growth of 10.0% in the area during that time. The predominant age group in Bar Beach is 20-29 years. Households in Bar Beach are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Bar Beach work in a professional occupation. In 2011, 40.4% of the homes in Bar Beach were owner-occupied compared with 50.7% in 2016.
Bar Beach has 718 properties. Over the last 5 years, Houses in Bar Beach have seen a 47.72% increase in median value, while Units have seen a 37.83% increase. As at 31 July 2024:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.