16 Old Pacific Highway

Newrybar NSW 2479

The Merchants retail: 16 Old Pacific Highway, Newrybar: $2,350,000.

Your potential rental income based on current rentals pro rata could be minimum $150,000/year (6.4%). Note the UCV land value of lot 16 is $1,690,000 (vacant land only). The land is 1393 m2, and has been significantly developed : includes the freestanding Merchants retail shops and the freestanding Coachhouse retail; two offices; children's play area/farm; and cobblestone courtyard. NB: DA approval pending on Coachhouse building.

While not part of the sale, the existing cachet of businesses contributes to the portfolio's value. Its popularity benefits the entire town, fostering the continued growth of numerous successful businesses. Newrybar, small yet sophisticated, is comparable to Noosa's Eumundi or The Southern Highlands' Berrima, drawing high-net-worth clientele.

Each of these iconic properties are the heartbeat of the celebrated Newrybar township. They offer a rare and valuable opportunity on its 'main street', presenting various options for discerning buyers, whether maintaining current tenants on lease expiry or pursuing new retail, hospitality, or cultural projects, adding to the legacy of one of Australia's most cherished destinations. + Extensive combination of 4,051 square metres of developed retail, commercial and leisure space + Opportunities for food and beverage as well as retail + 'Old Pacific Highway is Newrybar's 'main street' + Attraction for affluent visitors, offering an upscale market for potential businesses + Located just 16km* from Byron Bay along the scenic Old Pacific Highway.