SOLD
Sold on 06 Mar 2024 for $3,200,000

103-105 Wollombi Road
Cessnock NSW 2325

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 160m2
Land area: 899m2
Save

Property Details for 103-105 Wollombi Rd, Cessnock

Building Type
Commercial
Floor Size
160m2
Land Size
899m2
Local Government
Cessnock
Lot/Plan
2/DP829780

Last Listing description (May 2019)

Investment Property For Sale
Tenant is Caltex
Huge 1600m block with long term lease in place.

Occupies a commanding position on busy Wollombi Road among a neighborhood shopping strip with schools and fast food chains close by. The tenant Caltex pays $235 000 per annum plus GST and all outgoings apart from land tax.
The site is leased till 2022 with two 5 year options with CPI increase annually.

Property History for 103-105 Wollombi Rd, Cessnock, NSW 2325

A timeline of how this property has performed in the market
Last Sold
$3,200,000
06 Mar 2024
  • 06 Mar 2024
    Sold for $3,200,000
  • 29 Jul 2016
    Listed for Sale Not Disclosed
  • 22 Jun 2007
    Sold for $495,000

Commute Calculator

About Cessnock 2325

The size of Cessnock is approximately 35.6 square kilometres. It has 19 parks covering nearly 10.7% of total area. The population of Cessnock in 2011 was 13,673 people. By 2016 the population was 15,163 showing a population growth of 10.9% in the area during that time. The predominant age group in Cessnock is 20-29 years. Households in Cessnock are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cessnock work in a trades occupation. In 2011, 61.5% of the homes in Cessnock were owner-occupied compared with 57.3% in 2016.

Cessnock has 8,036 properties. Over the last 5 years, Houses in Cessnock have seen a 74.11% increase in median value, while Units have seen a 62.83% increase. As at 31 October 2024:

  • The median value for Houses in Cessnock is $581,185 while the median value for Units is $454,491.
  • Houses have a median rent of $500 while Units have a median rent of $438.
There are currently 45 properties listed for sale, and 15 properties listed for rent in Cessnock on OnTheHouse. According to CoreLogic's data, 399 properties were sold in the past 12 months in Cessnock.

Suburb Insights for Cessnock 2325

Market Insights
Cessnock Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Cessnock Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.