An outstanding opportunity to acquire an elegant federation building (circa 1910) just metres (across the Esplanade) from Sandy Bay Beach in Lower Sandy Bay. This property offers classic style with the name of the property “Newland” set in art nouveau render by the entrance and at the centre of the full length verandah that fronts the building – the roofline is dominated by feature gables and an ornate balcony is set between dormer windows each with a view to the water and Esplanade.

A separate single Storey cottage is located at the rear, an adjoining ‘shop’ front building is located on the frontage of the site. The property as medical rooms and is currently owned by the practitioners. It is currently leased back for a residue lease term of 5 years with a further 2 x 5+5 year option.

The shop front is currently operating as an dine-in or take away pizza business with lease in place.

Acquisition of the property represents an opportunity to secure a marvellous site in a prime and sought after location with property rarely being available for sale in this precinct.

The property offers a secure income stream, a great long-term investment proposition with secure tenancies in place – together with numerous future commercial and residential opportunities subject to any relevant statutory approvals.

Clear instructions to offer the property to the market for genuine sale – your enquiry and interest is welcome. A property report is available for perusal.

Land size 1518m2 building size approximately 530m2.

Arrange a private viewing by calling Jeannie Taranto on 0407 876 613

For Sale By Negotiation