SOLD
Sold on 09 Apr 2024 for $402,000

5/355 Barrenjoey Road
Newport NSW 2106

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 55m2
Land area: 1116m2
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Property Details for 5/355 Barrenjoey Rd, Newport

Building Type
Commercial
Floor Size
55m2
Land Size
1116m2
Local Government
Northern Beaches
Lot/Plan
5/SP21521

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:

* 55sqm shop currently operating as ???Blue Moon Bakery???.
* 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.

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Property History for 5/355 Barrenjoey Rd, Newport, NSW 2106

A timeline of how this property has performed in the market
Last Sold
$402,000
09 Apr 2024
  • 09 Apr 2024
    Sold for $402,000
  • 10 Mar 2009
    Listed for Sale 400000
  • 26 Apr 1994
    Sold 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 NaN 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 no properties listed for sale, and no properties listed for rent in Newport on OnTheHouse. According to CoreLogic's data, no properties were sold in the past 12 months in Newport.

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