5 Henderson Parade,
Merewether, NSW 2291

The subject property sits proudly in a prominent position towards the southern end of Merewether Beach, elevated above the beach and adjoining the public promenade. A significant attraction of the property is the uninterrupted northerly, north easterly and southerly views of Bar Beach, Merewether Ocean Baths, Dixon Park and Merewether Beaches incorporating headland, ocean and extensive coastline views.

The iconic Merewether Surfhouse comprises a three level facility offering a diverse range of hospitality and leisure activities and beachside experiences, seven days a week, providing facilities for the broader community of Newcastle and its visitors. The fully leased investment opportunity offers a Crown Leasehold and property improvements on the site incorporating cafes, function centre, restaurant and bar.

- Net Income - $909,950.70 per annum plus GST (approx.)
- 25 year lease (commenced 2011) with further 25 year option
- Excellent depreciation benefits
- Single proved covenant
- Total Floor Area - 1,778 sqm (approx.) over 3 levels
- Site area of approximately 1,201 sqm

The property is being offered For Sale by Expressions of Interest.