14 Market StreetFingal Bay NSW 2315
Property Details for 14 Market St, Fingal Bay
Last Listing description (May 2024)
Ray White Commercial (SC) in conjunction with Ray White The Knaggs Group is pleased to present to market this outstanding opportunity to acquire and develop a slice of coastal living in one of Port Stephens' most coveted locations. The property, located at 14 Market Street, Fingal Bay, will be offered for sale via Auction on Tuesday, 11 June 2024, unless sold prior.
The asset has a DA approval for the construction of shop-top housing, including 3 generous apartments and ground floor retail with ongrade parking. Benefiting from an approved GFA of 542 sqm*, the asset also provides a stable income stream from the existing improvements on site.
Fingal Bay, nestled to the east of Port Stephens, is a premier holiday destination, renowned for its pristine beaches and relaxed coastal lifestyle. The property's location benefits from elevated water views, just 200m* from Fingal Beach and a short distance from Nelson Bay Beach.
Additional highlights of the asset include:
• DA approved for 3 residential units and ground floor commercial
• Site area of 332 sqm*
• Approved GFA of 542 sqm*
• 2 x substantial 2 bedroom units plus full floor penthouse offering views over Fingal Bay
• Ongrade parking; minimal excavation required
• Generous holding income provided by long term tenants
• 3 street frontage
• Elevated water views
• 200m* to Fingal Beach
• 5.8km* to Nelson Bay Beach
• 40km* to Newcastle Airport
* Agent declares interest
14 Market Street, Fingal Bay is offered for sale via Auction on Tuesday, 11 June 2024 at 10:30am (AEST). The Auction will be held at AuctionWORKS, 50 Margaret Street, Sydney NSW 2000.
For further information, please contact the exclusive selling agents below.
* Approximately
Property History for 14 Market St, Fingal Bay, NSW 2315
- 31 May 2024Sold for $1,500,000
- 09 May 2024Listed for Sale AUCTION
- 15 Jan 2024Listed for Rent $580 / week
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0About Fingal Bay 2315
The size of Fingal Bay is approximately 9.7 square kilometres. It has 5 parks covering nearly 83.8% of total area. The population of Fingal Bay in 2011 was 1,502 people. By 2016 the population was 1,622 showing a population growth of 8.0% in the area during that time. The predominant age group in Fingal Bay is 60-69 years. Households in Fingal Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fingal Bay work in a trades occupation. In 2011, 58.5% of the homes in Fingal Bay were owner-occupied compared with 64% in 2016.
Fingal Bay has 1,380 properties. Over the last 5 years, Houses in Fingal Bay have seen a 64.47% increase in median value, while Units have seen a 64.44% increase. As at 31 October 2024:
- The median value for Houses in Fingal Bay is $931,412 while the median value for Units is $802,054.
- Houses have a median rent of $600 while Units have a median rent of $520.
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