56 Munibung RoadCardiff NSW 2285
Property Details for 56 Munibung Rd, Cardiff
Last Listing description (November 2023)
Knight Frank are pleased to present to the market this freehold opportunity with a prime position on Munibung Road. Situated over two titles with a site area of 6,453 sqm*, this site has endless potential in the coveted Cardiff estate.
With Munibung Road now open to Boolaroo, the estate is now one of the most sought-after precincts in the Hunter with a mixture of industrial warehousing, unit developments, main road retail and bulky goods.
Key Features:
- 2,889 sqm* building area
- 6,453 sqm* site area
- Leased to Trend Windows and Doors until 2024 with options
- Net income of $330,457* per annum (plus GST)
- On-site parking
For sale via Expressions of Interest closing Thursday, 23 November at 4pm (AEDT).
For more information or to arrange an inspection, please contact the exclusive Knight Frank listing agents.
*Approximate
Property History for 56 Munibung Rd, Cardiff, NSW 2285
- 19 Dec 2023Sold for $5,700,000
- 18 Oct 2023Listed for Sale Contact Agent
- 31 Jan 1992Sold for $1,000,000
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About Cardiff 2285
The size of Cardiff is approximately 5.2 square kilometres. It has 19 parks covering nearly 10.7% of total area. The population of Cardiff in 2011 was 5,778 people. By 2016 the population was 5,824 showing a population growth of 0.8% in the area during that time. The predominant age group in Cardiff is 30-39 years. Households in Cardiff are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cardiff work in a professional occupation. In 2011, 74% of the homes in Cardiff were owner-occupied compared with 71.4% in 2016.
Cardiff has 3,810 properties. Over the last 5 years, Houses in Cardiff have seen a 70.66% increase in median value, while Units have seen a 45.36% increase. As at 31 August 2024:
- The median value for Houses in Cardiff is $790,955 while the median value for Units is $610,933.
- Houses have a median rent of $560 while Units have a median rent of $510.
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