SOLD
Sold on 31 Jul 2024 for $2,750,000

2/24 Strathmore Road
Caves Beach NSW 2281

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 208m2
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Property Details for 2/24 Strathmore Rd, Caves Beach

Building Type
Commercial
Land Size
208m2
Local Government
Lake Macquarie
Lot/Plan
2/SP100157

Last Listing description (March 2022)

Situated just off the Pacific Highway in Caves Beach for convenient access to the M1 Motorway and only 30 kms south of Newcastle City is this quality concrete panel industrial unit within a gated complex of just 5.

Key Features Include:
* 179m2 office/warehouse of tilt panel construction

* 29m2 Mezzanine area
* High clearance electric roller door
* Two ground floor offices
* Glass and aluminium personal access door
* Kitchenette
* Internal amenities including shower and toilet plus separate WC
* Two parking spaces and extensive street parking
* Secure Complex
* Zoned: IN2 Light Industrial in accordance with the Lake Macquarie Local Environmental Plan 2014 (LMLEP 2014)

Rent - $22,000 pa + GST
Outgoings - $6,600 pa approx

Available April

Property History for 2/24 Strathmore Rd, Caves Beach, NSW 2281

A timeline of how this property has performed in the market
Last Sold
$2,750,000
31 Jul 2024
Listed for Rent
$422/w
09 Mar 2022
  • 31 Jul 2024
    Sold for $2,750,000
  • 16 Feb 2022
    Listed for Rent $22,000 / year
  • 31 Jan 2019
    Listed for Rent $1,800 / year

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About Caves Beach 2281

The size of Caves Beach is approximately 2.6 square kilometres. It has 7 parks covering nearly 27.4% of total area. The population of Caves Beach in 2011 was 3,935 people. By 2016 the population was 4,053 showing a population growth of 3.0% in the area during that time. The predominant age group in Caves Beach is 50-59 years. Households in Caves Beach are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Caves Beach work in a professional occupation. In 2011, 78% of the homes in Caves Beach were owner-occupied compared with 80.4% in 2016.

Caves Beach has 1,969 properties. Over the last 5 years, Houses in Caves Beach have seen a 73.19% increase in median value, while Units have seen a 61.24% increase. As at 31 October 2024:

  • The median value for Houses in Caves Beach is $1,217,118 while the median value for Units is $875,402.
  • Houses have a median rent of $788 while Units have a median rent of $550.
There are currently 29 properties listed for sale, and 1 property listed for rent in Caves beach on OnTheHouse. According to CoreLogic's data, 82 properties were sold in the past 12 months in Caves beach.

Suburb Insights for Caves Beach 2281

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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.