5/355 Barrenjoey RoadNewport NSW 2106
Property Details for 5/355 Barrenjoey Rd, Newport
Last Listing description (December 2009)
INVESTORS NOTE - RETAIL SHOP OPPORTUNITY ??? CURRENTLY OPERATING AS WELL KNOWN LOCAL BAKERY 3+3 LEASE.
There is an opportunity to invest in Newport???s shopping village, currently undergoing a real revitalisation ??? with major capital pumped into this location by Council and major companies alike. We are getting some good interest in this now and potential offers so call 1300 65 10 55 now for a copy of the contratc of sale (email) or an inspection. It is showing a Net return of 7.1% plus ....
Features:
* Great positioning with plenty of foot traffic.
* Tenanted as above on 3 + 3 lease at $26,000 pa +GST+ outgoings (paid for by tenant). Tenant has been here around 5 years.
* Second 3 option will be signed (Nov) as investment purchase condition - with cpi increases each year.
** INSPECT NOW BY APPOINTMENT - FOR FURTHER INFORMATION contact GRAHAM TAYLOR on 0438 247 033 or 1300 65 10 55 **
Specialised Property Group can also help with your home or commercial property search. We also have extensive contacts with other agents, developers, etc to help find what you are looking for.
WEB: s pecialisedpropertygroup.com.au
If you would like us to let you know of suitable properties or need additional information, please email us:
EMAIL: graham@specialisedpropertygroup.com.au or go to our website
s pecialisedpropertygroup.com.au or speak to one of our team on 1300 65 10 55.
SPECIALISED PROPERTY GROUP
Ground Floor Suite 13 LIFESTYLE WORKING,
117 Old Pittwater Rd,
Brookvale 2100
Office PH: 1300 65 10 55
Additional feature - Current 3+3 lease.
Property History for 5/355 Barrenjoey Rd, Newport, NSW 2106
- 09 Apr 2024Sold for $402,000
- 10 Mar 2009Listed for Sale 400000
- 26 Apr 1994Sold for $130,000
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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 4,501 properties. Over the last 5 years, Houses in Newport have seen a 55.05% increase in median value, while Units have seen a 29.16% increase. As at 31 October 2024:
- The median value for Houses in Newport is $2,655,013 while the median value for Units is $1,176,877.
- Houses have a median rent of $1,200 while Units have a median rent of $750.
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