There has been strong enquiry from within Merewether for two office suites that are being offered in one line or separately, according to Lee Follington.
The Ray White Newcastle Commercial agent is marketing suites 1 and 2 in a boutique business complex at 91 Frederick Street.
The property is being sold through an expressions of interest campaign closing March 27. Mr Follington said a guide has not been disclosed due to it being "too unique".
"It's all about the location, as cliched as that is," Mr Follington said. "It is beachfront commercial and a rare offering. The last suite to sell in there was in late 2016. They don't come up very often."
He said it appealed to investors and owner-occupiers.
Suite 1, located on the upper level, is vacant. The office fit-out includes a reception area, archive room, kitchenette, amenities, large balcony with uninterrupted water views and triple car garaging plus one car space. It has a total area of around 321 square metres with approximately 246 square metres of lettable area.
Suite 2 is on the lower level with a lease until 2022 to Newcastle Commercial Finance. Its fit-out includes a reception area, meeting room, kitchenette and amenities plus two car spaces. It has a total area of around 146 square metres with approximately 113 square metres of lettable area.
The price point and an annual yield of around eight per cent of a medical building investment in Belmont have proven appealing to Sydney buyers, according to Raine and Horne's Jason Morris.
He is marketing a single-level brick building, purpose built for medical use and occupied in part by radiographers Hunter Imaging Group, at 27 Pacific Highway in Belmont for $950,000 (sold as a going concern).