Here is a unique and rare opportunity to relocate or establish your business into this well visited and much loved complex. Located on the corner of Amy and Penquite Rd ensures that this complex is some what of landmark with high visibility to passing traffic. The near by senior secondary college and a well established surrounding residential area also places this hub as a popular destination. The space is nestled amongst a thriving Cafe and a respected Beauty Services Salon and offers excellent exposure with a glass floor to ceiling frontage and main entrance as well as a handy rear access for your clients onto the rear customer car park. The tenancy will be offered as a blank canvas (with all fittings shown removed) or there is an option to discuss a sale of the fitout direct with the vacating tenant. Otherwise the space would be perfect for a fashion retail store or homewares or retail in general (note, beauty services or sale of beauty products are excluded). The area could even be suited for a small office or consulting rooms. A spacious kitchenette area is included and shared use of toilet facilities. This one will lease quickly, first in best dressed.
The size of Newstead is approximately 3.9 square kilometres. It has 8 parks covering nearly 15.1% of total area. The population of Newstead in 2016 was 5366 people. By 2021 the population was 5617 showing a population growth of 4.7% in the area during that time. The predominant age group in Newstead is 10-19 years. Households in Newstead are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newstead work in a professional occupation.In 2021, 66.20% of the homes in Newstead were owner-occupied compared with 64.40% in 2016.
Newstead has 2,759 properties. Over the last 5 years, Houses in Newstead have seen a 52.53% increase in median value, while Units have seen a 42.78% increase. As at 30 November 2025:
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