FOR SALE
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36 Kahibah Road
Waratah NSW 2298

Bedrooms: 3
Bathrooms: 1
Car spaces: 6
Land area: 563.8m2
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Set and forget investment with established commercial tenant

With a new five-year lease and options extending through to 2039, this property offers an impressive return of $55,000 per annum, making it a solid 'set and forget' investment. Currently housing a thriving childcare centre with a local presence of over 40 years, the property is in excellent condition. It features a central learning area that anchors multiple rooms, including staff and children's bathrooms, a kitchenette, storerooms, and cot rooms. With up to six parking spaces, an outdoor play area, ducted air conditioning, and solar panels, this investment presents as an exceptional low-maintenance opportunity for investors or SMSF buyers.
Waratah, a residential suburb located just six kilometres north-west of Newcastle's CBD, is home to the Calvary Mater Hospital. The suburb has experienced significant gentrification in recent years, making it a desirable location for families, professionals, and long-term residents seeking a central hub within Newcastle. Waratah boasts excellent accessibility with a train line, schools, pubs, sporting clubs, and a thriving shopping centre anchored by Coles and KMart, all within easy reach.
- 563.8sqm landholding with R2 zoning and dual access from side lane
- Currently operating as well established long daycare centre
- 5 year lease with 5 x 5 options, current income of $55,000 per annum
- 6 off-street parking spaces
This property is being sold under the Friendly Auction System.
An independent pest & building report is available on request at no charge to you. This is the type of report your solicitor would usually recommend purchasing before bidding at an auction or before making an unconditional offer prior to auction and are conducted by a panel of reputable companies. The companies have consented to friendly auction terms and will generally be happy to speak to you about your queries in reports and in most cases transfer the reports into your name if you are the successful buyer at auction or prior to auction.
Flexible deposit and settlement conditions are also available by negotiation with the agent if required.
Offers can also be made prior to auction and each offer will be assessed on its merits.
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Property Details for 36 Kahibah Rd, Waratah

36 Kahibah Rd, Waratah is a 3 bedroom, 1 bathroom Other with 6 parking spaces. The property has a land size of 563.8m2. The place is currently for sale with Presence Newcastle, Lake Macquarie, Central Coast & Hunter.

Building Type
Other
Land Size
563.8m2

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About Waratah 2298

The size of Waratah is approximately 1.9 square kilometres. It has 5 parks covering nearly 10.1% of total area. The population of Waratah in 2011 was 4,759 people. By 2016 the population was 4,487 showing a population decline of 5.7% in the area during that time. The predominant age group in Waratah is 20-29 years. Households in Waratah are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Waratah work in a professional occupation. In 2011, 51.5% of the homes in Waratah were owner-occupied compared with 48.8% in 2016.

Waratah has 2,440 properties. Over the last 5 years, Houses in Waratah have seen a 70.11% increase in median value, while Units have seen a 36.88% increase. As at 31 August 2024:

  • The median value for Houses in Waratah is $862,868 while the median value for Units is $581,647.
  • Houses have a median rent of $628 while Units have a median rent of $485.
There are currently 7 properties listed for sale, and 6 properties listed for rent in Waratah on OnTheHouse. According to CoreLogic's data, 102 properties were sold in the past 12 months in Waratah.

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Dale Slater
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Presence Newcastle, Lake Macquarie, Central Coast & Hunter
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