The property at 134 Beaumont Street was marketed by Alan Tonks and Jason Morris, of Raine & Horne Commercial Newcastle, and attracted a total of 45 enquiries and seven registered bidders at the auction. The vendor, a resident of London, was in touch by mobile phone and listened in to the auction.

The property, leased to St George Bank on a new five-year lease with a five-year option and a net return of around $54,654 per annum, showed a yield of 5.1 per cent.

"With interest rates at a historic low, investors and self-managed super funds are seeking quality assets in which to invest," Mr Tonks said.

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A site comprising over 4600 square metres of "prime industrial real estate" on one of Newcastle's busiest roads in Sandgate has been sold for $1.3 million plus GST.

A developer bought the property at 89-91 Maitland Road, which was marketed by Commercial Collective's Byrne Tran through "a competitive expressions of interest campaign".

He said location, proximity to the city and exposure were key driving factors.

Mr Tran is also offering what he describes as "Thornton's largest industrial site" at 8 Kestrel Avenue for lease.

According to Raine & Horne's Steven Dick, a single two-storey brick building close to Mayfield shops offers "a good starting point for a small business or little investor". The property at 2 Rawson Street is being sold through an openn negotiation online auction, closing at 6pm on November 6, with bidding expected from the low to mid $400,000 range. Half of the building is leased and the other half has potential for an office, shop or flat.

The vacant side of the property is 53 square metres with a yard and the building is zoned R4 high density residential.