OFF MARKET

5/5-7 Channel Road
Mayfield West NSW 2304

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 329m2
Land area: 11286m2
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Property Details for 5/5-7 Channel Rd, Mayfield West

Building Type
Land
Floor Size
329m2
Land Size
11286m2
Local Government
Newcastle
Lot/Plan
5/SP79092

Last Listing description (July 2020)

Located in the Steel River Industrial Estate alongside Ullrich Aluminium, Bradken, CSIRO & Port Hunter Conveyors, the property is conveniently situated 10 minutes from the Newcastle CBD and port, 20 minutes from the M1 Expressway and 20 minutes from Newcastle Airport.


This quality concrete panel industrial unit with full height glass shop front entrance has a total building area of 329m2 comprising of approx.137m2 high clearance warehouse, 137m2 open plan office and 55m2 mezzanine plus 4 parking spaces.

Renewed lease with a national company from 1st March 2020 with an annual gross rental of $44,000 plus GST.

The property represents a good opportunity for investors or for owner occupiers to collect an income and occupy later.

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Property History for 5/5-7 Channel Rd, Mayfield West, NSW 2304

A timeline of how this property has performed in the market
Last Sold
$530,000
01 Jul 2020
Listed for Rent
$556/w
04 Apr 2016
  • 01 Jul 2020
    Sold for $530,000
  • 15 May 2019
    Listed for Sale Not Disclosed
  • 04 Feb 2016
    Listed for Rent - Price not available
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About Mayfield West 2304

The size of Mayfield West is approximately 2.5 square kilometres. It has 8 parks covering nearly 8.3% of total area. The population of Mayfield West in 2011 was 1,770 people. By 2016 the population was 1,896 showing a population growth of 7.1% in the area during that time. The predominant age group in Mayfield West is 20-29 years. Households in Mayfield West are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mayfield West work in a professional occupation. In 2011, 62.3% of the homes in Mayfield West were owner-occupied compared with 58% in 2016.

Mayfield West has 1,581 properties. Over the last 5 years, Houses in Mayfield West have seen a 75.53% increase in median value, while Units have seen a 47.66% increase. As at 30 November 2024:

  • The median value for Houses in Mayfield West is $864,704 while the median value for Units is $579,946.
  • Houses have a median rent of $585 while Units have a median rent of $470.
There are currently 7 properties listed for sale, and 2 properties listed for rent in Mayfield west on OnTheHouse. According to CoreLogic's data, 78 properties were sold in the past 12 months in Mayfield west.

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