SOLD
Sold on 24 May 2024 for $2,360,000

4-6 Perkins Street
Newcastle NSW 2300

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 158m2
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Property Details for 4-6 Perkins St, Newcastle

Building Type
Commercial
Land Size
158m2
Local Government
Newcastle
Lot/Plan
1/DP197131

Last Listing description (October 2021)

The property is situated on the centre of Perkins Street, Newcastle, opposite the new apartment complex "Eastend". With less than 65m to the start of the famed "Hunter St Mall", this location has consistent heavy foot traffic and will be expected to be an even busier suburban/commercial hub after current construction is completed.

This two-story commercial building has a history of mixed business, retail and bar/restaurants and is surrounded by similar businesses in the area.

Upstairs comprises of side lane access to Theatre Lane, 2 toilets and a large commercial/retail space.

Downstairs comprises of a wide commercial frontage with 2 kitchen areas, commercial/retail space, 2 outside toilets and back access to Theatre Lane.

Internal stairs with top floor and bottom floor separate doors.

Newcastle Council Rates: $12,104.00
Hunter Water: $870.00 plus usage
Insurance: $1,955.00
Total Outgoings Estimate: $14,929 + GST

Property History for 4-6 Perkins St, Newcastle, NSW 2300

A timeline of how this property has performed in the market
Last Sold
$2,360,000
24 May 2024
Listed for Rent
28 Oct 2021
  • 24 May 2024
    Sold for $2,360,000
  • 15 Apr 2021
    Listed for Rent $33,800 / year
  • 17 Sep 2018
    Sold for $1,200,000
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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 5,138 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 22 properties listed for rent in Newcastle on OnTheHouse. According to CoreLogic's data, 268 properties were sold in the past 12 months in Newcastle.

Suburb Insights for Newcastle 2300

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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.