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Investment Highlights

  • 1,533 sqm* function/restaurant venue accommodating up to 450 guests.
  • Sprawling 14.46-ha* estate featuring landscaped grounds and natural surrounds.
  • Over 100 on-site car spaces plus workshop and caretaker’s quarters.
  • Convenient access to Newcastle Airport and key regional tourism hubs.

Executive Summary

The Spruce Estate offers a landmark property blending lifestyle appeal with commercial opportunity in a premier Port Stephens gateway location. Spanning approximately 14.46 hectares of manicured grounds and natural bushland, the estate presents exceptional versatility for hospitality, accommodation, and investment.
At the heart of the property is a renovated four-bedroom homestead, ideal for private living, short-stay accommodation, or Airbnb income. Additional improvements include a separate on-site caretaker’s residence and workshop to support operational ease or rental potential.
For those targeting hospitality ventures, the property includes a well-known restaurant and function facility offering a 450-seat capacity within 1,533 sqm of space, supported by over 100 on-site parking bays. High-exposure frontage to Nelson Bay Road ensures maximum visibility to passing traffic, providing inherent value for future commercial concepts.
The RU2 Rural Landscape zoning allows scope for redevelopment or expansion (STCA), enabling buyers to capitalize on the strategic location less than 10 minutes from Nelson Bay, near pristine beaches and Newcastle Airport. This rare holding combines immediate income possibilities and long-term potential, reserved for visionary investors seeking scale and prominence in a growing coastal destination.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
16,501 SF
Building Class
C
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
35.72 AC
Parking
100 Spaces (6.06 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • Ground
  • 16,501 SF
  • Restaurant
  • -
  • Now

Valhalla Restaurant & Function Centre is available for lease as a turnkey hospitality venue. The offering includes a fully equipped commercial kitchen, bar service stations, and multiple event spaces configured for dining and functions. Positioned on a substantial 14.46 ha site, the property benefits from manicured lawns, established gardens, and ample onsite parking exceeding 100 bays—ideal for accommodating large events. Located on Nelson Bay Road, the venue enjoys convenience for both locals and visitors, making it an attractive option for experienced operators targeting the vibrant Mid North Coast destination market. This lease opportunity grants immediate operational capability within one of the region’s most distinctive settings.

Space Size Space Use Position Available
Ground 16,501 SF Restaurant - Now

Ground

Size
16,501 SF
Space Use
Restaurant
Position
-
Available
Now

Ground

Size 16,501 SF
Space Use Restaurant
Position -
Available Now

Valhalla Restaurant & Function Centre is available for lease as a turnkey hospitality venue. The offering includes a fully equipped commercial kitchen, bar service stations, and multiple event spaces configured for dining and functions. Positioned on a substantial 14.46 ha site, the property benefits from manicured lawns, established gardens, and ample onsite parking exceeding 100 bays—ideal for accommodating large events. Located on Nelson Bay Road, the venue enjoys convenience for both locals and visitors, making it an attractive option for experienced operators targeting the vibrant Mid North Coast destination market. This lease opportunity grants immediate operational capability within one of the region’s most distinctive settings.

  • Listing ID: 40536452

  • Date on Market: 5/15/2026

  • Last Updated:

  • Address: 3834 Nelson Bay Rd, Bobs Farm, NSW 2316

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