3/57 Foamcrest AvenueNewport NSW 2106
Property Details for 3/57 Foamcrest Ave, Newport
Last Listing description (October 2019)
Calling all Investors. This is a rare opportunity to make 5.23% net return on a fresh 3 by 3 year lease with 3% annual reviews. This shop is perfectly situated in the bustling beach side suburb of Newport. This investment won't last long!
FEATURES:
* Two parking spaces
* Internal unisex bathroom facilities
* Internal Kitchenette
* Two air conditioning units
* Tiled flooring throughout
* Glass shopfront
* Excellent natural light
* Rear access door
* Venetian curtains to shopfront windows
* Moments' walk to Newport beach
* Exposure to Coles Parade
* Great signage opportunities (STCA)
* Outgoings $7,156 pa (approx)
LEASE DETAILS
* $26,000 + GST GROSS
* $18,844 + GST NET
* Term 3 by 3 Year Lease
* Annual reviews 3%
Located only a minutes' walk to the sand and just around the corner from the popular Coles supermarket, the property fronts Coles Parade providing excellent exposure and plenty of customer parking.
**All prices are per annum and quoted areas/measurements are approximations only**
Property History for 3/57 Foamcrest Ave, Newport, NSW 2106
- 06 Mar 2026Sold for $472,000
- 28 Jul 2020Sold for $350,000
- 24 Sep 2019Sold for $370,000
Recent sales nearby
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0About Newport 2106
The size of Newport is approximately 3.8 square kilometres. There are 21 parks, covering nearly 9.6% of the total area. The population of Newport in 2016 was 9301 people. By 2021 the population was 9659 showing a population growth of 3.8% in the area during that time. The predominant age group in Newport is 50-59 years. Households in Newport are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Newport work in a professional occupation.In 2021, 75.70% of the homes in Newport were owner-occupied compared with 74.20% in 2016.
Newport has 4,564 properties. Over the last 5 years, Houses in Newport have seen a -6.65% decrease in median value, while Units have seen a 1.99% increase. As at 31 July 2026:
- The median value for Houses in Newport is $2,701,152 while the median value for Units is $1,311,311.
- Houses have a median rent of $1,400 while Units have a median rent of $825.
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