OFF MARKET

62 Glebe Road
The Junction NSW 2291

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 100m2
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Property Details for 62 Glebe Rd, The Junction

Building Type
Commercial
Land Size
100m2
Local Government
Newcastle

Last Listing description (April 2021)

- The property is situated on Glebe road in between Kenrick and Union Street the Junction in the heart of the cities most sought after work/lifestyle precinct. The property has the added luxury of being surrounded by a number of conveniences including ease of public transport. The Junction Fair as well as the Junction Village and an abundance of cafes, restaurants and the Junction Hotel.

- The property sits on the first floor which adds the natural ambience of the property through the flow of light throughout. There is a reception and waiting area which compliments three separate offices as well as a kitchenette and both male and female amenities.

- Building Improvements:

Timber and carpet flooring
Painted plasterboard walls
Air conditioning
Fluorescent lighting
Three sperate offices
Reception and waiting area
Kitchenette

- Rental - $35,000 per annum gross (plus GST).
- Outgoings are included in the above-mentioned rental. The Lessee will be responsible for the Lessees own business related operating expenses including, but not limited to, electricity, water usage, insurance, internal cleaning, telephones, air conditioning maintenance, etc.

*Approximate..

Property History for 62 Glebe Rd, The Junction, NSW 2291

A timeline of how this property has performed in the market
Listed for Rent
$8/w
16 Apr 2021
  • 08 Nov 2019
    Listed for Rent - Price not available
  • 08 Mar 2016
    Listed for Rent - Price not available
  • 15 Jan 2016
    Listed for Rent - Price not available
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About 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.
There are currently 1 property listed for sale, and 1 property listed for rent in The junction on OnTheHouse. According to CoreLogic's data, 22 properties were sold in the past 12 months in The junction.

Suburb Insights for The Junction 2291

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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.