OFF MARKET

40 Industrial Drive
Mayfield East NSW 2304

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 2381m2
Land area: 2381m2
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Property Details for 40 Industrial Dr, Mayfield East

Building Type
Commercial
Floor Size
2381m2
Land Size
2381m2
Local Government
Newcastle
Lot/Plan
206/DP855876

Last Listing description (March 2021)

Renewed 10 year lease + options extending to 2045
Large 2,381 sqm site exposed to over 31,325 vehicles daily**
United Petroleum: one of Australias largest independent operators nationally

Newcastle, NSWs second largest city with population circa 440,000
Upgraded 24 hour fuel & retail convenience facility
Attractive net lease with tenant paying outgoings and annual reviews
Easily managed single tenant investment

Net Income: $291,504 pa + GST

For Sale by Investment Portfolio Auction
Tuesday 30 March at 11am (AEDT)
Yallamundi Rooms, Sydney Opera House

Property History for 40 Industrial Dr, Mayfield East, NSW 2304

A timeline of how this property has performed in the market
Last Sold
$4,956,000
31 Mar 2021
  • 31 Mar 2021
    Sold for $4,956,000
  • 09 Mar 2021
    Listed for Sale Contact Agent
  • 08 Apr 2011
    Listed for Sale Not Disclosed
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About Mayfield East 2304

The size of Mayfield East is approximately 0.6 square kilometres. It has 2 parks covering nearly 3.5% of total area. The population of Mayfield East in 2011 was 1,709 people. By 2016 the population was 1,703 showing a population decline of 0.4% in the area during that time. The predominant age group in Mayfield East is 20-29 years. Households in Mayfield East are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mayfield East work in a professional occupation. In 2011, 61.5% of the homes in Mayfield East were owner-occupied compared with 60.1% in 2016.

Mayfield East has 882 properties. Over the last 5 years, Houses in Mayfield East have seen a 60.97% increase in median value, while Units have seen a 38.65% increase. As at 30 November 2024:

  • The median value for Houses in Mayfield East is $941,647 while the median value for Units is $724,332.
  • Houses have a median rent of $640 while Units have a median rent of $570.
There are currently 2 properties listed for sale, and 3 properties listed for rent in Mayfield east on OnTheHouse. According to CoreLogic's data, 38 properties were sold in the past 12 months in Mayfield east.

Suburb Insights for Mayfield East 2304

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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.