FOR SALE
$975,000 - $1,050,000

26 Wollombi Road
Cessnock NSW 2325

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 809m2
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Tenant Commercial Investment Cessnock

Have you been searching for a commercial investment? 26 Wollombi Rd, Cessnock should tick all your boxes. This modern retail space with attached residential accommodation and garaging is well position to capitalise on the growing local population.
$65,472.73 + GST + outgoings payable by tenant (council, water, public liability, AFSS all utilities)
Outgoings payable by landlord: Land tax if applicable and building insurance ($4,184.64 inc gst in 2024)
Net income 2024 $61,288.33
Lease 5 year ending 2/4/2029 with 5 year + 5 Year option CPI annual increases
With approximately 135m2 gross lettable floor space for the shop and approx 125m2 for the residence
809m2 total land size – 20.1m frontage x 40.2m depth
For more information and to arrange your inspection of this property please contact
Bryce Gibson today 0422 227 668, or the office on 02 4050 6000.

Property Details for 26 Wollombi Rd, Cessnock

Building Type
Commercial
Land Size
809m2

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About Cessnock 2325

The size of Cessnock is approximately 35.6 square kilometres. It has 19 parks covering nearly 10.7% of total area. The population of Cessnock in 2011 was 13,673 people. By 2016 the population was 15,163 showing a population growth of 10.9% in the area during that time. The predominant age group in Cessnock is 20-29 years. Households in Cessnock are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cessnock work in a trades occupation. In 2011, 61.5% of the homes in Cessnock were owner-occupied compared with 57.3% in 2016.

Cessnock has 8,036 properties. Over the last 5 years, Houses in Cessnock have seen a 74.11% increase in median value, while Units have seen a 62.83% increase. As at 31 October 2024:

  • The median value for Houses in Cessnock is $581,185 while the median value for Units is $454,491.
  • Houses have a median rent of $500 while Units have a median rent of $438.
There are currently 44 properties listed for sale, and 16 properties listed for rent in Cessnock on OnTheHouse. According to CoreLogic's data, 398 properties were sold in the past 12 months in Cessnock.

Suburb Insights for Cessnock 2325

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Bryce Gibson
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LJ Hooker Cessnock
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.