Boasting a sophisticated internal fitout, the building offers one of the finest and most exposed commercial locations within Newcastle. The property will appeal to owner occupiers and investors alike, based on the dual street access together with the ability to create multiple tenancies.
This trophy location offers strong fundamentals including scarcity of properties for sale and little to no tenancy movements within the precinct. The property is suited to both the commercial and retail sectors.
For further information, please contact Adam Leacy or Matt Kearney of Colliers International.
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:
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