165 Swan StreetMorpeth NSW 2321
Property Details for 165 Swan St, Morpeth
Last Listing description (August 2017)
Comprises a fully leased retail investment with diversified income provided by four well established local businesses. The property benefits from excellent tenant retention, with two tenants in occupation since 2006, and staggered lease expires in 2018, 2020 and 2021. The modern improvements were constructed in 2007, comprising two interconnected buildings having common area amenities and situated around a central paved courtyard providing alfresco dining. Each tenancy is fitted out to the respective lessee requirements, having timber framed shopfronts and air-conditioning. The property is situated within the main retail strip of Morpeth and benefits from rear lane access.
- Building area - 580sqm (approx.)
- Site area - 1,673sqm (approx.)
- Diversified income
- Zoned B2 Local Centre
- 19 on-grade car spaces
For Sale by Public Auction Thursday 15 June at 10:30am | Ground Floor, 18 Honeysuckle Drive, Newcastle
(NA2017)
Property History for 165 Swan St, Morpeth, NSW 2321
- 15 Jun 2017Sold for $1,475,000
- 12 May 2017Listed for Sale Not Disclosed
- 23 Jan 2008Listed for Sale $185,000 + SAV
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0About Morpeth 2321
The size of Morpeth is approximately 4.8 square kilometres. It has 2 parks covering nearly 4.3% of total area. The population of Morpeth in 2011 was 1,261 people. By 2016 the population was 1,403 showing a population growth of 11.3% in the area during that time. The predominant age group in Morpeth is 60-69 years. Households in Morpeth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Morpeth work in a professional occupation. In 2011, 74.8% of the homes in Morpeth were owner-occupied compared with 67.4% in 2016.
Morpeth has 891 properties. Over the last 5 years, Houses in Morpeth have seen a 56.47% increase in median value, while Units have seen a 55.74% increase. As at 31 August 2024:
- The median value for Houses in Morpeth is $716,521 while the median value for Units is $522,499.
- Houses have a median rent of $570.
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