There has been strong enquiry from within Merewether for two office suites that are being offered in one line or separately, according to Lee Follington.
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The Ray White Newcastle Commercial agent is marketing suites 1 and 2 in a boutique business complex at 91 Frederick Street.
The property is being sold through an expressions of interest campaign closing March 27. Mr Follington said a guide has not been disclosed due to it being "too unique".
"It's all about the location, as cliched as that is," Mr Follington said. "It is beachfront commercial and a rare offering. The last suite to sell in there was in late 2016. They don't come up very often."
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He said it appealed to investors and owner-occupiers.
Suite 1, located on the upper level, is vacant. The office fit-out includes a reception area, archive room, kitchenette, amenities, large balcony with uninterrupted water views and triple car garaging plus one car space. It has a total area of around 321 square metres with approximately 246 square metres of lettable area.
Suite 2 is on the lower level with a lease until 2022 to Newcastle Commercial Finance. Its fit-out includes a reception area, meeting room, kitchenette and amenities plus two car spaces. It has a total area of around 146 square metres with approximately 113 square metres of lettable area.
BELMONT INVESTMENT
The price point and an annual yield of around eight per cent of a medical building investment in Belmont have proven appealing to Sydney buyers, according to Raine and Horne's Jason Morris.
He is marketing a single-level brick building, purpose built for medical use and occupied in part by radiographers Hunter Imaging Group, at 27 Pacific Highway in Belmont for $950,000 (sold as a going concern).
