Knight Frank are pleased to offer 21 Galleghan Street, Hexham to the open market For Sale or Lease. Constructed in 1989 the property enjoys approximately 116 metres of frontage to the New England Highway with driveway access via Galleghan Street. Positioned within the prominent Hexham industrial precinct this industrial opportunity provides an opportunity to both investors and owner occupiers. Positioned twenty minutes from the Newcastle CBD and under two hours from Sydney the property is strategically positioned within close proximity to all major arterial motorways.
In terms of improvements the property boasts a 3,058 sqm* main workshop with internal wash bay, overhead cranes and access via 12 roller doors. Adjoining the workshop are miscellaneous training and testing rooms along with a lunch room & amenities. Office accommodation of 286 sqm* is predominantly open plan with separate managers office and boardroom. There is also a training room adjoining from the western side. Externally, the site offers a generous concrete hardstand (2,717 sqm*) component to the east which could be utilised as a future develop-able area or display yard (STCA). There is also a large bitumen staff car park to the west.
The size of Hexham is approximately 19 square kilometres. It has 8 parks covering nearly 96.3% of total area. The population of Hexham in 2011 was 181 people. By 2016 the population was 127 showing a population decline of 29.8% in the area during that time. The predominant age group in Hexham is 50-59 years. Households in Hexham are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Hexham work in a labourer occupation. In 2011, 73% of the homes in Hexham were owner-occupied compared with 63.2% in 2016.
Hexham has 183 properties. Over the last 5 years, Houses in Hexham have seen a 38.82% increase in median value, while Units have seen a -1.07% decrease. As at 30 November 2024:
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