SOLD
Sold on 19 Feb 2024 for $315,000

74/8 Spit Island Close
Mayfield West NSW 2304

Bedrooms: -
Bathrooms: -
Car spaces: 1
Land area: 62m2
Sold By
Amy Houston
McFarlane Real Estate
Jacob Mcfarlane
McFarlane Real Estate
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Property Details for 74/8 Spit Island Cl, Mayfield West

Building Type
Commercial
Land Size
62m2
Local Government
Newcastle
Lot/Plan
74/SP105582

Last Listing description (April 2024)

Located within the Steel River Industrial Estate, this brand new industrial unit is part of the premium Cubbyhole Development that offers a fully fenced and secure site amongst landscaped grounds.

This micro industrial unit is the perfect addition for your business or investment portfolio and is suited to a wide variety of users whether you are a start up, artisan or hobbyist, or just a small business or trades person looking for your own work and storage space within the vibrant Cubbyhole working community. The units currently have council approval for a mezzanine area, allowing for a larger floor area.

Features:

36m approx. floor area
Roller door access
Riverfront aspect with fantastic views
Private Courtyard
Full concrete panel construction

The complex offers:
24/7 access and security
Onsite parking
NBN internet available
Keyless remote access available through a mobile app
Zoned E4 General Industrial
Extensive complex parking available for clients and customers
First class amenities with showers and change rooms
Concrete driveways and loading bays
Low outgoing costs

8 Spit Island Close fronts the Hunter River, and is just a 10-minute drive to the thriving CBD of Newcastle and moments away from the M1 Pacific Motorway.

Contact Jacob McFarlane at McFarlane Real Estate on 4954 0399 for more information.

Property History for 74/8 Spit Island Cl, Mayfield West, NSW 2304

A timeline of how this property has performed in the market
Last Sold
$315,000
19 Feb 2024
  • 25 Mar 2024
    Listed for Sale Contact Agent
  • 19 Feb 2024
    Sold for $315,000
  • 23 May 2023
    Listed for Sale Contact Agent
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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 1,548 properties. Over the last 5 years, Houses in Mayfield West have seen a 75.60% increase in median value, while Units have seen a 55.64% increase. As at 30 September 2024:

  • The median value for Houses in Mayfield West is $847,593 while the median value for Units is $602,789.
  • Houses have a median rent of $590 while Units have a median rent of $565.
There are currently 3 properties listed for sale, and 3 properties listed for rent in Mayfield west on OnTheHouse. According to CoreLogic's data, 80 properties were sold in the past 12 months in Mayfield west.

Suburb Insights for Mayfield West 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.