OFF MARKET

348 Barrenjoey Road
Newport NSW 2106

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1581m2
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Property Details for 348 Barrenjoey Rd, Newport

Building Type
Commercial
Land Size
1581m2
Local Government
Northern Beaches
Lot/Plan
8/DP18415

Last Listing description (March 2021)

Cushman & Wakefield is pleased to present to the market 348 Barrenjoey Road, Newport (Sydney) for Sale via Auction.

The property has the following key characteristics:
- 15 year net lease to 2036 + options to 2066

- EG Group - Multinational fuel and convenience retail operator with $32.4 Billion and 6,012 locations globally
- EG Group - Acquired Woolworths Petrol for $1.7 Billion and operate circa 540 Woolworths Caltex service stations
- Strategically positioned in the centre of Newports Retail & Commercial Hub & close to Coles, BWS & 7-Eleven
- Busy main road location with over 42,000 vehicles passing daily
- Newport - Renowned Northern Beaches suburb, 30 km from the Sydney CBD
- Newly built in 2007, the site offers modern improvements & dual-skinned fibre-glass tanks
- Favourable environmental provisions, ownership of the tanks & remediation the responsibility of EG Group
- Tenant pays all outgoings including Land Tax
- Net Income $270,000 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Friday 19 March at 10am AEDT at Doltone House Hyde Park, located on level 3/181 Elizabeth Street, Sydney NSW 2000.

Prospective purchasers and interested parties in this tenanted investment will have access to remote bidding facilities in both Brisbane and Melbourne.

Should you have interest in bidding on the property, please contact the exclusively appointed property professionals at Cushman & Wakefield.

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Property History for 348 Barrenjoey Rd, Newport, NSW 2106

A timeline of how this property has performed in the market
Last Sold
$9,130,000
19 Mar 2021
  • 19 Mar 2021
    Sold for $9,130,000
  • 12 Feb 2021
    Listed for Sale Contact Agent
  • 27 Mar 2019
    Sold
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About Newport 2106

The size of Newport is approximately 3.8 square kilometres. It has 21 parks covering nearly 9.6% of total area. The population of Newport in 2011 was 9,036 people. By 2016 the population was 9,302 showing a population growth of 2.9% in the area during that time. The predominant age group in Newport is 50-59 years. Households in Newport are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Newport work in a professional occupation. In 2011, 72.5% of the homes in Newport were owner-occupied compared with 74.2% in 2016.

Newport has 4,528 properties. Over the last 5 years, Houses in Newport have seen a 58.64% increase in median value, while Units have seen a 18.08% increase. As at 30 November 2024:

  • The median value for Houses in Newport is $2,720,561 while the median value for Units is $1,094,334.
  • Houses have a median rent of $1,200 while Units have a median rent of $763.
There are currently 20 properties listed for sale, and 17 properties listed for rent in Newport on OnTheHouse. According to CoreLogic's data, 179 properties were sold in the past 12 months in Newport.

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