20 Tooke Street, Bar Beach NSW 2300

This tightly held block of four individually strata-titled apartments is the kind of blue-chip asset every investor wants in their portfolio. With three spacious two-bedroom units plus a rare three-bedder, all fully tenanted and returning a solid $2,595 per week, it’s a reliable, low-maintenance income stream in one of Newcastle’s most in-demand pockets.
The renovations are already done, so you’re not inheriting anyone’s to-do list. Each apartment features a contemporary kitchen, updated bathroom/laundry combo, new hybrid flooring, and ducted a/c, a major drawcard for tenants and a value-add for you. The layouts are larger than most modern builds, meaning stronger tenant retention and broad appeal. The three-bedroom unit ups the investment appeal with exclusive use of the double garage and under-building storage, plus a light-filled sunroom that works perfectly as a study. Elevated district views only strengthen its long-term desirability.
For tenants, the location is unbeatable. Darby Street’s cafés, Harris Farm, medical suites, and Genesis Fitness are all literally on the doorstep, while Bar Beach is under 10 minutes away on foot. High demand, zero vacancy pressure, and lifestyle convenience on tap, this is an effortless performer in a premier address.
– 551.5sqm block, two units upstairs, two downstairs, self-managed strata with no fees
– Steps to the coffee and dining scene of Darby Street or groceries from Harris Farm
– Minutes from everyday essentials and specialty shops at Marketown & The Junction
– 650m to Bar Beach, Empire Park and Cooks Hill Surf Club
Disclaimer: We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.
Tahnee Burke
Lyndall Allan