16 Old Pacific HighwayNewrybar NSW 2479
Property Details for 16 Old Pacific Hwy, Newrybar
Last Listing description (October 2024)
In the serene hinterlands of Byron Bay, the historic Newrybar township (1881) is an iconic tourist destination renowned for its unique mix of dining and shopping experiences. At its heart lies the 'Newrybar Collection', a portfolio of commercial properties epitomising the region's coveted status.
Situated along the scenic Old Pacific Highway, merely 16km* from Byron Bay, this portfolio spans approximately 4,051 square metres of developed retail and leisure space, covering properties across lots 16-22. These character-filled properties blend rustic charm with modern elegance, cultivating one of the most popular restaurant and retail strips in the Byron Bay area.
Each Lot is now available for individual purchase.
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.
Property History for 16 Old Pacific Hwy, Newrybar, NSW 2479
- 11 Dec 2023Listed for Sale Contact Agent
- 14 May 2009Sold for $627,000
- 19 Mar 2009Listed for Sale Not Disclosed
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About Newrybar 2479
The size of Newrybar is approximately 22.3 square kilometres. The population of Newrybar in 2011 was 459 people. By 2016 the population was 457 showing a population decline of 0.4% in the area during that time. The predominant age group in Newrybar is 60-69 years. Households in Newrybar are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newrybar work in a managers occupation. In 2011, 75.3% of the homes in Newrybar were owner-occupied compared with 77.8% in 2016.
Newrybar has 237 properties. Over the last 5 years, Houses in Newrybar have seen a 85.98% increase in median value, while Units have seen a 281.05% increase. As at 31 October 2024:
- The median value for Houses in Newrybar is $2,520,842 while the median value for Units is $2,365,513.
- Houses have a median rent of $1,550.
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