12 Perkins StreetNewcastle NSW 2300
Property Details for 12 Perkins St, Newcastle
Last Listing description (September 2023)
Commercial Collective is pleased to present 12 Perkins Street, Newcastle. Situated in the prime locale of the Newcastle CBD and strategically positioned at the doorstep of the East End redevelopment, 12 Perkins Street presents a lucrative investment opportunity. Offering high visibility and poised for remarkable growth, the premises comprises a ground-floor commercial office space and two 2-bedroom residential units above, providing a safety net with multiple streams of income. This unique asset not only caters to investors, it also caters to business owners seeking additional income from the upstairs residence.
Key features:
- Mixed use asset providing multiple income streams
- Premium 205sqm* commercial office space
- Two 2-bedroom residential units
- Within close proximity to the Newcastle Light Rail, Newcastle Beach, Newcastle Foreshore and Newcastle University - city campus
*Approximately
Property History for 12 Perkins St, Newcastle, NSW 2300
- 07 Feb 2024Sold for $2,150,000
- 18 Aug 2023Listed for Rent - Price not available
- 18 Aug 2023Listed for Sale Contact Agent
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0About Newcastle 2300
The size of Newcastle is approximately 4.9 square kilometres. It has 25 parks covering nearly 10.5% of total area. The population of Newcastle in 2011 was 2,384 people. By 2016 the population was 2,752 showing a population growth of 15.4% in the area during that time. The predominant age group in Newcastle is 20-29 years. Households in Newcastle are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newcastle work in a professional occupation. In 2011, 44.1% of the homes in Newcastle were owner-occupied compared with 45.7% in 2016.
Newcastle has 5,105 properties. Over the last 5 years, Houses in Newcastle have seen a 57.34% increase in median value, while Units have seen a 40.93% increase. As at 31 August 2024:
- The median value for Houses in Newcastle is $1,884,487 while the median value for Units is $939,602.
- Houses have a median rent of $700 while Units have a median rent of $650.
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