SOLD
Sold on 19 Dec 2023 for $5,700,000

56 Munibung Road
Cardiff NSW 2285

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4112m2
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Property Details for 56 Munibung Rd, Cardiff

Building Type
Commercial
Land Size
4112m2
Local Government
Lake Macquarie
Lot/Plan
117/DP807941

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:

- E4 General Industrial zoning
- 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

A timeline of how this property has performed in the market
Last Sold
$5,700,000
19 Dec 2023
  • 19 Dec 2023
    Sold for $5,700,000
  • 18 Oct 2023
    Listed for Sale Contact Agent
  • 31 Jan 1992
    Sold 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 3,788 properties. Over the last 5 years, Houses in Cardiff have seen a 65.94% increase in median value, while Units have seen a 45.75% increase. As at 31 October 2024:

  • The median value for Houses in Cardiff is $790,235 while the median value for Units is $615,530.
  • Houses have a median rent of $575 while Units have a median rent of $580.
There are currently 19 properties listed for sale, and 6 properties listed for rent in Cardiff on OnTheHouse. According to CoreLogic's data, 147 properties were sold in the past 12 months in Cardiff.

Suburb Insights for Cardiff 2285

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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.