204 Union StreetThe Junction NSW 2291
Property Details for 204 Union St, The Junction
Last Listing description (February 2023)
Stonebridge Property Group are proud to present for lease, Junction Fair Shopping Centre, Newcastle.
Junction Fair Shopping Centre is a dominant non-discretionary neighbourhood centre anchored by Coles supermarket and premium local brands, located 1.5kms south of the Newcastle CBD, adjacent to the affluent suburb of Merewether.
This beachside enclave is surrounded by the natural beauty of the beach on one side, parks, and abundant outdoor activities on the other making it truly special.
Key Features
200 plus undercover car spaces
Coles (including Liquorland)
Scoop Wholefoods
Home to Newcastle's most iconic retailers
DA approved for a 109 place child care centre
21 specialties
Established convenience centre
Access to fast growing local and CBD residential population
Main trade area average per capita income levels are approximately 20% higher than the Sydney Metropolitan average.
Located at one of the busiest intersections in Newcastle, Junction Fair is offering excellent leasing opportunities in 2023.
The Opportunities
With a recently approved Development Application for a 109 place child care centre opening in FY 23/24, Junction Fair will only further enhance its position as the dominant convenience centre in Newcastle.
An enhancement strategy which includes an upcoming reconfigured and refurbished Coles will provide an opportunity for the creation of key speciality tenancies suitable for complementary uses.
Anchored by Coles, Scoop Wholefoods and diverse specialty retailers, Junction Fair creates a sense of community in a centre based around convenience creating a shopping mecca in the suburbs.
Ideally suited for health & beauty services, optometrists, fitness providers, and bespoke retail concepts, this is your opportunity to establish in a tightly held location.
To discuss opportunities in further detail please contact the Stonebridge team.
Tim Andrews | Stonebridge Property Group +61 408 616 708
Property History for 204 Union St, The Junction, NSW 2291
- 23 Sep 2022Listed for Rent - Price not available
- 20 Jan 2021Sold
- 20 Jan 2020Sold for $47,000,000
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0About The Junction 2291
The size of The Junction is approximately 0.3 square kilometres. It has 1 park covering nearly 4.4% of total area. The population of The Junction in 2011 was 1,495 people. By 2016 the population was 1,048 showing a population decline of 29.9% in the area during that time. The predominant age group in The Junction is 20-29 years. Households in The Junction are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in The Junction work in a professional occupation. In 2011, 50.1% of the homes in The Junction were owner-occupied compared with 57.9% in 2016.
The Junction has 714 properties. Over the last 5 years, Houses in The Junction have seen a 70.21% increase in median value, while Units have seen a 52.02% increase. As at 31 October 2024:
- The median value for Houses in The Junction is $1,876,291 while the median value for Units is $905,947.
- Houses have a median rent of $720 while Units have a median rent of $580.
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