OFF MARKET

7/50 Glebe Road
The Junction NSW 2291

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2412m2
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Property Details for 7/50 Glebe Rd, The Junction

Building Type
Commercial
Land Size
2412m2
Local Government
Newcastle

Last Listing description (June 2019)

- The property is situated on the ground floor of The Junction's Eastpoint building facing Glebe Road and sits alongside well-known operators, Grill'd and Lotus cafe, as well being close to other major cafes, banks and shops.
- The shop itself features a full commercial kitchen and fitout in-situ with main bar area, dining area and external seating.
- Building area - 103sqm (approx.) of internal area. Additional external seating and storage area also included.

- For Lease - $121,000 per annum gross plus GST.
- Parking available at $1,850 per annum plus GST.
- Outgoings are included in the abovementioned rental. The Lessee will be responsible for the Lessee's own business related operating expenses including, but not limited to, electricity, water usage, telephones, insurance, internal cleaning etc

Property History for 7/50 Glebe Rd, The Junction, NSW 2291

A timeline of how this property has performed in the market
Listed for Rent
17 Sep 2019
  • 28 Jun 2019
    Listed for Rent - Price not available
  • 11 Apr 2019
    Listed for Rent - Price not available
  • 09 Jul 2018
    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.