FOR SALE
Guide $1.1 - $1.2M

34,36 & 38 North Avenue
Cessnock NSW 2325

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1490m2
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Prime Investment Opportunity in Cessnock

IT'S ALL ABOUT THE LOCATION
Unlock the potential of this exceptional property! Presenting three distinct lots, zoned MU1: Mixed Use, available for purchase as a single package. With a combined site area of approximately 1500 sqm and a generous frontage of around 38 metres, this offering is a rare gem in the heart of Cessnock.
Endless Possibilities Await:
- Existing Retail Commercial Hub: Adjacent to a long-established retail center that includes Big W, Alto Imaging, Supercheap Auto, Anytime Fitness, Repco, BCF and Pets Domain. Nearby to Service NSW (Cessnock) office and opposite Cessnock TAFE Grounds.
- Versatile Zoning: The MU1: Mixed Use zoning under the Cessnock Local Environmental Plan 2011 (as amended) allows for a blend of commercial, residential and retail developments.
- Strategic Location: Positioned in a thriving area, this site is perfect for innovative developments that cater to the growing demands of the community.
- Future Growth: Capitalise on the expanding infrastructure and vibrant local economy.
Seize this rare and brilliant opportunity to elevate your investment portfolio. Whether you're looking to develop commercial spaces, residential units, or a combination of both, this property offers the flexibility and potential to achieve remarkable success.
Reap the reward from this unparalleled investment opportunity in Cessnock!
Property Code: 2977

Property Details for 34,36 & 38 North Ave, Cessnock, NSW 2325

Building Type
Commercial
Land Size
1490m2

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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 8,100 properties. Over the last 5 years, Houses in Cessnock have seen a 74.72% increase in median value, while Units have seen a 62.66% increase. As at 30 November 2024:

  • The median value for Houses in Cessnock is $587,081 while the median value for Units is $452,667.
  • Houses have a median rent of $500 while Units have a median rent of $440.
There are currently 40 properties listed for sale, and 12 properties listed for rent in Cessnock on OnTheHouse. According to CoreLogic's data, 381 properties were sold in the past 12 months in Cessnock.

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