102/61 Shortland Esplanade,
Newcastle, NSW 2300

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Map of 102/61 Shortland Esplanade

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Beachside Investment Opportunity

Cafe Investment Property
Leased until 2023
Income of $68,573 net per annum

Auction Location: Novotel Newcastle Beach - 5 King Street, Newcastle

Located on the doorstep of the iconic Newcastle Beach is this unique investment opportunity. This well positioned suite is situated in the heart of the east end CBD and is currently tenanted until 2023.

- Strata area 114 sqm*
- Leased until 2023 with options to 2028
- Net income $68,573 per annum*
- Established food and beverage operator
- High exposure to Shortland Esplanade
- Newcastle Beach views

*approximately

Newcastle, 2300 demographic data

The median household income for Newcastle is $1,943, 35% higher than Regional New South Wales's household income of $1,434. Newcastle has a younger age profile compared to the rest of Regional New South Wales (median age 41 vs 43). Property ownership data shows 42% of property owners in Newcastle have a mortgage.

3,852

Population

$1,943 per week

Median household income

41 years

Median age

Renters

Most residents

Singles

Most households