88 Vincent StreetCessnock NSW 2325
Property Details for 88 Vincent St, Cessnock
Last Listing description (September 2024)
Are you looking for a commercial investment in the heart of Cessnock? 88 Vincent Street, Cessnock will tick all your boxes. This modern retail space offers ample room, both front and back of house + storage. The property has the added bonus of access to the rear of the building. There is also an abundance of public car parking at rear of the building
With approximately 119m2 gross lettable floor space 239.6m2 of total land size.
$35,000 + GST + 100% outgoings payable by tenant*
Lease 3 year ending 31/3/2027 with 3 year option 3% annual increases
Property Quick Facts:
E2 commercial centre zoning
239.6m2 total land size - 5.9m frontage x 40.2m depth
Rear entry and rear access with private and public parking available - Staff WC facilities
* Outgoings include council rates, water rates, building insurance, land tax
* Council Rates $3,014 pa. Water Rates $960 pa approx.
For more information and to arrange your inspection of this property please contact Bryce Gibson today 0422 227 668, or the office on 02 4050 6000.
Property History for 88 Vincent St, Cessnock, NSW 2325
- 13 Sep 2024Sold for $550,000
- 24 Apr 2024Listed for Sale Sold
- 23 Sep 2019Sold for $425,000
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0About 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 8,081 properties. Over the last 5 years, Houses in Cessnock have seen a 71.40% increase in median value, while Units have seen a 58.69% increase. As at 31 August 2024:
- The median value for Houses in Cessnock is $572,697 while the median value for Units is $440,045.
- Houses have a median rent of $500 while Units have a median rent of $420.
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