OFF MARKET

21 Galleghan Street
Hexham NSW 2322

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 13410m2
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Property Details for 21 Galleghan St, Hexham

Building Type
Commercial
Land Size
13410m2
Local Government
Newcastle
Lot/Plan
9/DP629865

Last Listing description (October 2019)

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.


Other property features include;

- Site area 1.341 Hectares
- IN3 Heavy Industrial Zoning
- Overhead cranes
- Heavy duty workshop with additional training & dyno room
- Large onsite staff car park

The property is currently occupied by Cummins Australia who are presently paying $461,210 net per annum. The lease is due to expire and the property will be vacant come the end of September 2019.

Offered For Sale or For Lease the property is offered via Expressions of Interest closing Tuesday 14 May, 2019 at 4pm. For further information please contact Dan Barry or Michael Boom of Knight Frank Newcastle 02 4920 5700.

*Approximately

Property History for 21 Galleghan St, Hexham, NSW 2322

A timeline of how this property has performed in the market
Last Sold
$4,160,000
16 Sep 2019
Listed for Rent
17 Oct 2019
  • 16 Sep 2019
    Sold for $4,160,000
  • 22 Jun 2019
    Listed for Sale Please contact agent
  • 22 Jun 2019
    Listed for Rent - Price not available
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About Hexham 2322

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:

  • The median value for Houses in Hexham is $506,521 while the median value for Units is $435,747.
There are currently 1 property listed for sale, and no properties listed for rent in Hexham on OnTheHouse. According to CoreLogic's data, 4 properties were sold in the past 12 months in Hexham.

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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.