The Spruce Estate – a rare lifestyle & investment opportunity
Offered to the market for the first time in 50 years, The Spruce Estate presents a truly unique opportunity to acquire a landmark property at the gateway to Port Stephens. Set on 14.46 * hectares of picturesque, manicured grounds, this estate blends lifestyle, hospitality, and investment potential.
At its heart is a beautifully renovated four-bedroom homestead, ideal for a private retreat, Airbnb, or rental accommodation. Separate from the main residence, the property also features a workshop and caretaker's residence, providing additional flexibility or occupation or rental income.
For those in the hospitality industry or investors seeking income-generating potential, the estate includes a renowned 450-seat restaurant and function centre spanning 1,533sqm*. With over 100 car spaces and a high-exposure 164m* frontage to Nelson Bay Road, this versatile property is well-positioned for continued hospitality operations or a new commercial venture.
With its substantial existing improvements, income opportunity and significant development potential (STCA) Spruce Estate is an opportunity not to be missed.
Property highlights:
- First time to market in 50 years – a truly rare opportunity
- 14.46ha site area* with established gardens and natural surroundings
- Renovated four-bedroom homestead with potential for Airbnb or rental income
- 1,533sqm* restaurant/function centre* with a 450-seat capacity
- Over 100 car parking spaces
- 315sqm* on-site residence* plus workshop and caretaker's quarters
- 164m* frontage to Nelson Bay Road* offering excellent exposure
- Zoned RU2 Rural Landscape with development potential (STCA)
Location benefits:
- Walking distance to the beach, offering a serene coastal lifestyle
- Less than 10 minutes to Nelson Bay, the tourism and lifestyle hub of Port Stephens
- Two hours from Sydney CBD
- Convenient access to Newcastle Airport, just a short drive away for easy domestic travel and connectivity to future international flights
*Approximately
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