SOLD
Sold on 02 Oct 2024 for $1,330,000

621 Glebe Road
Adamstown NSW 2289

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 3m2
Land area: 493m2
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Property Details for 621 Glebe Rd, Adamstown

Building Type
Commercial
Floor Size
3m2
Land Size
493m2
Local Government
Newcastle
Lot/Plan
1/DP499520

Last Listing description (March 2021)

All of the hard work is done with this fully fitted retail and food space premises. Internal features include a large retail area, caf space, alfresco seating, commercial kitchen, dry store, walk-in cool room, storage and loading area.

Take advantage of the goodwill, infrastructure and the highly exposed location with 15,000* vehicle movements per day.

- Occupy or invest

- Full commercial kitchen
- Zoned R4 High Density Residential
- Outdoor alfresco area
- Building area of 250 sqm*
- Approved for retail, food and drinks

For Sale by Expressions of Interest closing Thursday 25 February 2021 at 4:00pm (AEDT)

*Approximately

Highlights:
* Highly exposed location
* Full commercial kitchen
* Approved for retail, food and drinks

Property History for 621 Glebe Rd, Adamstown, NSW 2289

A timeline of how this property has performed in the market
Last Sold
$1,330,000
02 Oct 2024
  • 02 Oct 2024
    Sold for $1,330,000
  • 11 Dec 2020
    Listed for Sale Contact Agent
  • 27 Sep 2011
    Sold for $430,000
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About Adamstown 2289

The size of Adamstown is approximately 3 square kilometres. It has 8 parks covering nearly 31.2% of total area. The population of Adamstown in 2011 was 5,642 people. By 2016 the population was 6,053 showing a population growth of 7.3% in the area during that time. The predominant age group in Adamstown is 20-29 years. Households in Adamstown are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adamstown work in a professional occupation. In 2011, 58.7% of the homes in Adamstown were owner-occupied compared with 57.7% in 2016.

Adamstown has 3,495 properties. Over the last 5 years, Houses in Adamstown have seen a 58.04% increase in median value, while Units have seen a 33.39% increase. As at 30 November 2024:

  • The median value for Houses in Adamstown is $1,045,628 while the median value for Units is $667,116.
  • Houses have a median rent of $650 while Units have a median rent of $560.
There are currently 15 properties listed for sale, and 3 properties listed for rent in Adamstown on OnTheHouse. According to CoreLogic's data, 153 properties were sold in the past 12 months in Adamstown.

Suburb Insights for Adamstown 2289

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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.