- THE PROPERTY IS LOCATED IN KEMP STREET, THE JUNCTION, APPROXIMATELY 50 METRES FROM THE INTERSECTION OF UNION STREET. THE PROPERTY IS A SHORT WALK TO THE JUNCTION SHOPPING STRIP AND COMMERCIAL CENTRE. - THE BUILDING IS LOCATED IN A KEY GROWTH HUB OF NEWCASTLE AND IS POSITIONED IN A HIGHLY DESIRABLE PRECINCT UNDERGOING UPSCALE RESIDENTIAL DEVELOPMENT IN RESPONSE TO SUSTAINED POPULATION GROWTH. THE JUNCTION HAS FAST BECOME ONE OF NEWCASTLE S MOST SOUGHT AFTER COMMERCIAL AND RETAILING SUBURBS. - ERECTED ON THE SITE IS A TWO (2) LEVEL BUILDING, CONSTRUCTED OF BRICK WITH AN ATTRACTIVE ENTRY AND FACADE. INTERNALLY THE BUILDING IS SPLIT LEVEL WITH 2 MAIN FLOOR PLATES WHICH CAN BE USED AS ONE MAIN TENANCY OR ALTERNATIVELY SPLIT. THE BUILDING HAS RECENTLY UNDERGONE A COMPLETE REFURBISHMENT WHICH HAS TRANSFORMED THE OFFERING INTO SOME OF THE JUNCTION S MOST PRIME COMMERCIAL RETAIL / OFFICE SPACE. - BOTH FLOORS PROVIDE A MODERN AND PRACTICAL FITOUT AND BOTH HAVE ACCESS TO MALE AND FEMALE AMENITIES. - CAR PARKING: SIX (6) ON SITE INCLUDED IN THE RENTAL PLUS AMPLE STREET PARKING. - DESCRIPTION ? AREA (APPROX.) ? RENTAL (NET PA + GST) GROUND FLOOR 363M $90,750 FIRST FLOOR 388M LEASED - OUTGOINGS ARE PAYABLE IN ADDITION TO THE ABOVEMENTIONED RENTAL AND ARE ESTIMATED TO BE IN THE ORDER OF $25/M PLUS GST. THE LESSEE WILL ALSO BE RESPONSIBLE FOR THE LESSEE S OWN BUSINESS RELATED OPERATING EXPENSES, INCLUDING BUT NOT LIMITED TO, INTERNAL CLEANING, TELEPHONES, POWER, WATER USAGE, AIR CONDITIONING MAINTENANCE, ETC.
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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