OFF MARKET

55 Georgetown Road
Georgetown NSW 2298

Bedrooms: -
Bathrooms: -
Car spaces: 2
Land area: 223m2
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Property Details for 55 Georgetown Rd, Georgetown

Building Type
Commercial
Land Size
223m2
Local Government
Newcastle
Lot/Plan
1/DP650726

Last Listing description (January 2022)

Zoned B2 Mixed Use commercial/residential.
Located in the ever popular Georgetown suburb only a short drive to the Newcastle CBD.

This property consists of an existing commercial retail space of approximately 96m2 and an attached one bedroom self-contained flat of approximately 55m2.

The retail area is double brick and offers spacious amenities. It is ready to be occupied as an office space or food outlet/caf. Private parking for two vehicles available. The one bedroom flat has a long standing tenant, with a current rental return of $250 per week. Potential rental return for the commercial space is approximately $25,000 per annum plus outgoings.

There is also potential (subject to council approval) for apartments to be built on top. Total land area 225m2.

For further information contact Joe Di Claudio on 0412 251 434

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Property History for 55 Georgetown Rd, Georgetown, NSW 2298

A timeline of how this property has performed in the market
Last Sold
$105,000
02 Dec 1993
  • 22 Oct 2021
    Listed for Sale Price Guide $860,000 to $920,000
  • 02 Dec 1993
    Sold for $105,000

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About Georgetown 2298

The size of Georgetown is approximately 0.5 square kilometres. It has 1 park covering nearly 1.1% of total area. The population of Georgetown in 2011 was 2,005 people. By 2016 the population was 1,967 showing a population decline of 1.9% in the area during that time. The predominant age group in Georgetown is 20-29 years. Households in Georgetown are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Georgetown work in a professional occupation. In 2011, 68.4% of the homes in Georgetown were owner-occupied compared with 68.6% in 2016.

Georgetown has 1,003 properties. Over the last 5 years, Houses in Georgetown have seen a 64.62% increase in median value, while Units have seen a 45.18% increase. As at 30 September 2024:

  • The median value for Houses in Georgetown is $909,325 while the median value for Units is $602,883.
  • Houses have a median rent of $650 while Units have a median rent of $500.
There are currently 1 property listed for sale, and no properties listed for rent in Georgetown on OnTheHouse. According to CoreLogic's data, 35 properties were sold in the past 12 months in Georgetown.

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