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Investment Highlights

  • Mixed-use asset comprising one retail suite and two tenanted residential units.
  • Waterfront position opposite Albatross Marina with proximity to local dining, boating facilities, and residential communities.
  • Four secure lock-up garages coupled with three dedicated customer parking spaces.

Executive Summary

This mixed-use property presents a compelling investment opportunity with multiple income streams and exceptional positioning opposite the tranquil Albatross Marina. Comprising a 158 m² ground-floor commercial space and two well-designed two-bedroom apartments, the property combines retail potential with secure residential tenancy. The commercial component offers a versatile layout, complete with shopfront, storage, and a cool room, ideal for food and beverage operators or specialty retailers. Above, each apartment provides comfortable living with private balconies and functional layouts, currently tenanted to provide immediate cash flow.
Additional features include four secure lock-up garages, three customer parking spaces, and expansive water views that enhance the asset’s overall appeal. Offered via Expressions of Interest, this property caters to investors looking for strong rental yields or owner-occupiers seeking both a business base and residential income. Situated within a desirable waterfront precinct of Port Stephens, this location benefits from steady local and tourist traffic, creating enduring value.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,887 SF
Building Class
C
Price
$1,268,244
Price Per SF
$259.52
Cap Rate
2.74%
NOI
$34,806
Percent Leased
30%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.72
Lot Size
0.16 AC

Amenities

  • Signage
  • Drive Thru
  • Air Conditioning
  • Balcony

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • -
  • 1,701 SF
  • Retail
  • -
  • Now

The available ground-floor commercial space at 5 Cook Parade delivers excellent street exposure in a boutique waterfront setting. Spanning 158 m², it includes a glass shopfront for maximum visibility, premium cool room storage, and back-of-house functionality. Positioned adjacent to a thriving marina and steps from local amenities, the site is well-suited for retail, café, or specialty offerings seeking consistent foot traffic and community engagement. On-site customer parking and lock-up garages ensure operational convenience, while the surrounding residential and visitation base supports sustained trade.

Space Size Space Use Position Available
- 1,701 SF Retail - Now

-

Size
1,701 SF
Space Use
Retail
Position
-
Available
Now

-

Size 1,701 SF
Space Use Retail
Position -
Available Now

The available ground-floor commercial space at 5 Cook Parade delivers excellent street exposure in a boutique waterfront setting. Spanning 158 m², it includes a glass shopfront for maximum visibility, premium cool room storage, and back-of-house functionality. Positioned adjacent to a thriving marina and steps from local amenities, the site is well-suited for retail, café, or specialty offerings seeking consistent foot traffic and community engagement. On-site customer parking and lock-up garages ensure operational convenience, while the surrounding residential and visitation base supports sustained trade.

  • Listing ID: 40536519

  • Date on Market: 5/15/2026

  • Last Updated:

  • Address: 5 Cook Pde, Lemon Tree Passage, NSW 2319

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