SOLD
Sold on 15 Feb 2024 for $280,000

275 Hunter Street
Newcastle NSW 2300

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 751m2
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Property Details for 275 Hunter St, Newcastle

Building Type
Commercial
Land Size
751m2
Local Government
Newcastle
Lot/Plan
5/SP993

Last Listing description (February 2024)

A rarely found price point commercial investment opportunity in the heart of Newcastle CBD.

Strategically located ground floor retail / commercial space on Hunter St fronting Newcastle CBD's light rail route

Close proximity to Newcastle Harbour, Foreshore and a diverse mix of bars, cafes and attractions

Recently commenced 5 year lease term providing for $24,000 + GST gross annual income

57m*

Air conditioned

Plumbing/drainage throughout permitting diverse future use potential

For Sale: $320,000

*Approximately

Property History for 275 Hunter St, Newcastle, NSW 2300

A timeline of how this property has performed in the market
Last Sold
$280,000
15 Feb 2024
Listed for Rent
$460/w
05 Jun 2023
  • 15 Feb 2024
    Sold for $280,000
  • 01 Nov 2023
    Listed for Sale For Sale: Contact Agent
  • 05 Jun 2023
    Listed for Sale Not Disclosed
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About 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 5,139 properties. Over the last 5 years, Houses in Newcastle have seen a 44.29% increase in median value, while Units have seen a 34.78% increase. As at 30 November 2024:

  • The median value for Houses in Newcastle is $1,707,409 while the median value for Units is $937,865.
  • Houses have a median rent of $830 while Units have a median rent of $690.
There are currently 33 properties listed for sale, and 24 properties listed for rent in Newcastle on OnTheHouse. According to CoreLogic's data, 267 properties were sold in the past 12 months in Newcastle.

Suburb Insights for Newcastle 2300

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Contact agency
Show contact details
Ray White Commercial Newcastle
Preferred contact:
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.